According to a VNA reporter in Ottawa, on August 9, the Vietnam-Canada Business Association (VCBA) coordinated with the Ho Chi Minh City Investment and Trade Promotion Center (ITPC) to organize a seminar in both in-person and online formats to support Vietnamese businesses in accessing the North American and Canadian markets.

This is one of the projects that VCBA will focus on implementing in the coming time after completing a new Executive Committee, with many positive changes from people to operating methods and regulations.

Through this project, VCBA will help Vietnamese businesses that want to expand their operations to access and export goods to the Canadian market.

In addition, Vietnamese businesses can also enter the North American market through the Canadian gateway if they want to expand their network and increase their competitiveness in the international market.

VCBA Chairman and owner of the 88 Supermarket chain in Vancouver, Chau Tu Cuong, said that the Canadian and North American markets have a lot of development potential for Vietnamese products.

He believes that with abundant raw materials and a positive working spirit, good quality traditional Vietnamese products will have the opportunity to reach beyond borders to reach international consumers and friends.

According to statistics, in the first two quarters of 2024, Canada imported over 228 million USD worth of agricultural and food products of all kinds from Vietnam, accounting for 5.5% of Vietnam's total export value to the area, an increase of about 24% over the same period last year.

Vietnam’s main exports to Canada are seafood and processed seafood with a turnover of nearly 100 million USD. This result is thanks to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which allows Vietnamese exporters to have more favorable market access opportunities than competitors from China or other ASEAN countries through tariffs.

Currently, products of Asian origin entering Canada are mainly dried goods, processed foods, non-alcoholic beverages, spices and sauces.

These retail products are expected to continue to achieve high consumption in the period 2024-2030. In recent times, import-export enterprises and supermarket chains of Vietnamese people in Canada, with the strength of understanding the tastes and preferences of Vietnamese and Asian people, have become extremely important distribution channels, contributing to bringing Vietnamese products to this market.

The above project of VCBA and ITPC will create a foundation for cooperation, in which in the initial stage, the 88 Supermarket chain will be responsible for helping Vietnamese retailers bring goods to sell at this supermarket chain. This will contribute to promoting business cooperation between the business communities of both sides.

The project implementation is also the realization of the cooperation results between VCBA and ITPC since the end of last year during VCBA's visit and study of the Vietnamese market.

VCBA Chairman Chau Tu Cuong assessed that with close cooperation between the two sides, Vietnamese products will soon have a foothold in the Canadian and North American markets.

Mr. Chau Tu Cuong also believes that from the above project, there will be many more business cooperation opportunities between Canadian and Vietnamese enterprises. VCBA is committed to always accompanying the business community of the two countries and will especially strive to support and cooperate with ITPC for common development./.

Vietnamplus.vn

Source: https://www.vietnamplus.vn/no-luc-giup-hang-hoa-viet-nam-khang-dinh-vi-tri-tai-canada-post969675.vnp