WHY VIETNAM? Opportunities for Canadian Businesses 101

Why Vietnam?

Vietnam has become Canada's largest trading partner in the ASEAN region, hitting a record of $10.5 billion CAD in bilateral trade in 2021, despite the pandemic and supply chain disruptions.

Canada is now Vietnam's third largest trading partner in the Americas, after the US and Brazil.

This trajectory is expected to continue, with both Canadian and Vietnamese Governments reaffirming commitments to boost bilateral trade in 2022 and beyond.

Further, Vietnam is quickly becoming one of Asia's most attractive investment destinations. Canadian FDI into Vietnam is growing, estimated to be currently representing $5 billion USD in over 230 projects across various sectors.

What are the opportunities for Canadian companies in Vietnam, and what do Canadian companies need to do to catch them?