Ineos canada partnership

Vietnamese Ambassador Pham Vinh Quang (fifth from left) and Canadian Associate Deputy Minister of Foreign Affairs Cindy Termorshuizen (fourth from left) at the ceremony (Photo: VNA) Ottawa (VNA) - Vietnam is a central part of the 2.3-billion-CAD (1.7 billion USD) Indo-Pacific Strategy that Canada has been implementing, Canadian Associate Deputy Minister of Foreign Affairs Cindy Termorshuizen has said. This is part of Canada’s efforts to ensure that the country will be a dynamic and active partner in the region, especially for Vietnam, Cindy Termorshuizen told a recent ceremony held by the Vietnamese Embassy in Ottawa to mark Vietnam’s 78th National Day (September 2), and the 50th founding anniversary of diplomatic relations. She assessed that strong growth in economic cooperation between Canada and Vietnam is largely thanks to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the two countries must continue developing their … [Read more...] about Vietnam central part of Canada’s Indo-Pacific Strategy: Canadian official

The dialogue was held in the context that the two countries are celebrating the 50th anniversary of their diplomatic relations (1973 - 2023). It was an important foundation to carry out the bilateral defense cooperation in a practical and effective manner, thus deepening the Vietnam - Canada comprehensive partnership. At the event, the two head delegates highly appreciated the outcomes of the bilateral defense ties in different areas such as high-level contacts and delegation exchanges, dialogue-consultation, training, U.N. peacekeeping, maritime security, defense industry, management over border and immigration, cooperation at regional and global multilateral forums. The two sides agreed to strengthen the defense cooperation relations according to the signed documents and agreements with a focus on exchange of delegations; upholding efficiency of the dialogue-consultation mechanisms; promoting the effectiveness and quality of personnel training cooperation, particularly for law … [Read more...] about Second Vietnam – Canada Defense Policy Dialogue held

Mon said the working visit will contribute to enriching Vietnam's experience and help the country build more effective science and technology development policies. The official said his commission hopes to expand research collaboration and exchange experiences with MaRS and policy-making and management agencies of Ontario province in sectors such as culture, education and external information. as well as in the research and application of new technology and digital transformation activities. MaRS has become the pillar in Ontario's technology ecosystem over the past 10 years. The centre has contributed to creating innovation infrastructure to transform the economy and facilitate productivity and Gross Domestic Product (GDP) growth. Projects supported by MaRS have contributed 29.6 billion USD to Ontario's GDP in recent times. Science-technology is one of the priority areas stated in the two countries' joint declaration on establishing a comprehensive partnership in 2017. Vietnam is … [Read more...] about Party delegation learns Canada’s innovation experience

At the event (Photo: VNA) Hanoi (VNA) – Solutions to promote the development of Vietnamese brands in member countries of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) agreement were discussed at a seminar hosted by the Cong Thuong (Industry and Trade) magazine in Hanoi on September 27. Ngo Chung Khanh, Deputy Director of the Multilateral Trade Policy Department under the Ministry of Industry and Trade (MoIT), said Vietnam has enjoyed stable growth in its exports to Canada and Mexico since the CPTPP agreement took effect in January 2019, even during the COVID-19 pandemic or amidst geopolitical fluctuations in the world. Additionally, Vietnam’s trade surplus with the two markets usually accounts for one-third to half of the combined trade surplus with countries, Khanh stressed. Khanh pointed out ample room to promote exports to Canada, Mexico and Peru, but noting that the image of Vietnamese brands in these markets still remains modest. … [Read more...] about Development of Vietnamese brands in CPTPP member markets under discussion

Workers of Viet Vuong 3 company in Ben Tre province (Photo: VNA) Ottawa (VNA) – The Vietnam Trade Office in Canada is focusing on helping Vietnamese businesses make the most of CPTPP's principles of origin in the garment and textile sector through connection activities and provision of information about the Canadian market, according to Trade Counsellor Tran Thu Quynh at the Vietnamese Embassy in Canada. She said after the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) took effect in December 2018, Canada immediately eliminated 42 tariff lines on Vietnamese textile and garment products, and after five years of implementation, the export value of Vietnamese textile and garment products increased by 100% compared to that in 2018. At the Apparel and Textile Sourcing Canada 2023, held in Toronto in late August, Vietnam’s Viet Vuong company received attention from the organisers and the Canadian Textile Industry Association, thanks to its … [Read more...] about Trade Office helps Vietnamese firms grasp opportunities in Canadian market

BLS International, an Indian company offering visa facilities, had earlier said the notice from theIndian mission in Canada cited "operational reasons" for suspension of visa services "till further notice." India's foreign ministry spokesperson did not respond to queries about the matter. Tensions between the two countries escalated earlier this week when Canada said that it was "actively pursuing credible allegations" linking Indian government agents to the murder of a Sikh separatist leader in British Columbia in June. Prime Minister Narendra Modi's government categorically rejected Canada's suspicions that Indian agents had links to the alleged murder. With both nations expelling diplomats, analysts said India and Canada diplomatic ties have touched their lowest point. Canada is India's 17th largest foreign investor, pouring in more than $3.6 billion since 2000, while Canadian portfolio investors have invested billions of dollars in Indian stock and debt markets. Since … [Read more...] about Indian company removes notice about visa service suspension for Canadians

Vietnam is focusing on renewable energy (Photo: baochinhphu.vn) Hanoi (VNA) – To implement the Political Declaration on establishing the Just Energy Transition Partnership (JETP), Vietnam is drafting a JETP Resource Mobilisation Plan (RMP). The plan will provide a list of priority projects for implementation in the 2024 - 2030 period along with a set of project selection criteria and necessary policy actions. The Ministry of Natural Resources and Environment has coordinated with relevant ministries and agencies to consult the Prime Minister, head of the COP26 Steering Committee, on establishing a secretariat to implement the Political Declaration , and JETP implementation support groups. One of the main tasks of the Secretariat is to build and implement the RMP for at least the next five years. Through the Political Declaration, adopted by Vietnam and the G7 and non-G7 countries last year, partners have committed to mobilising an initial amount of 15.5 billion … [Read more...] about Vietnam continues completing JETP resource mobilisation plan

According to the Ministry of Industry and Trade, 72 countries recognize Vietnam as a market economy, including Canada, Australia, Japan, and South Korea. The UK did so recently with an official letter to the effect. Speaking to VnExpress , a Trade Remedies Authority Department official said since its first anti-dumping investigation case against Vietnam in 2002 the U.S. had been considering the country a non-market economy. In a meeting with the U.S. Secretary of Commerce Gina Raimondo in Washington last Tuesday, Prime Minister Pham Minh Chinh proposed the U.S. to soon recognize Vietnam’s market economy status . The need for recognition of Vietnam's market economy status was also in the joint statement between General Secretary Nguyen Phu Trong and President Joe Biden on upgrading the two countries' relations to a Comprehensive Strategic Partnership. The EU also sees Vietnam as a non-market economy. In 2015, while free-trade agreement negotiations were underway, the EU … [Read more...] about Significance of Vietnam being a market economy

At the working session between Viglacera's delegation and representatives from the Venezuelan Ministry of Industries and National Production. — VNA/VNS Photo The Venezuelan government is willing to create the most favourable conditions for Viglacera Corporation JSC of Vietnam to enter its market, considering this as a motivation to further strengthen the traditional friendship between the two countries, said Jorge Márquez, Minister of Office of the Presidency and Monitoring of Government Management of Venezuela. Márquez, who is also Chairman of the Vietnam-Venezuela Intergovernmental Joint Sub-committee,welcomed the Vietnamese delegation and underscored the potential for collaboration in vital construction ventures. This partnership is crucial for Venezuela as it seeks to diversify its economy and reduce dependence on oil. Venezuelan Minister of Industries and National Production, José Félix Rivas Alvarado, echoed the sentiment of fruitful cooperation between the two nations. … [Read more...] about Viglacera Corporation JSC eyes Venezuelan market

MERCOSUR is Việt Nam's 13th largest trading partner with bilateral trade value rose from $2.45 billion in 2011 to $12 billion in 2022. —Photo baodautu.vn Việt Nam is taking measures to promote the negotiations of a free trade agreement (FTA) with the Southern Common Market (MERCOSUR), which is expected to be a driving force for Việt Nam to tap the Latin American market, Minister of Industry and Trade Nguyễn Hồng Diên said. Currently, MERCOSUR members, including Brazil, Argentina, Uruguay, and Paraguay, do not have free trade agreements with countries whose export structure competes directly with Việt Nam. Accessing this bloc market via an FTA will create a significant boost for Vietnamese export goods to them. MERCOSUR is a dynamic, competitive, and developing economic region. It is the fifth-largest economic region with a total GDP of US$4.58 trillion in the world and is also one of the leading food raw material and energy production regions. Moreover, MERCOSUR is a potential … [Read more...] about Việt Nam promotes negotiations of FTA with Mercosur