Last updated: Wednesday, February 20, 2019


Promoting Vietnam-Canada Exchange and Cooperation

Posted: Friday, December 08, 2017

A delegation of Canadian Parliamentarians led by Honourable Robert Nault, Chairman of the Standing Committee on Foreign Affairs and International Development of the Parliament of Canada, had a working visit with Dr Vu Tien Loc, President of the Vietnam Chamber of Commerce and Industry (VCCI) on December 1. This visit is under the framework of the official working session of the Canadian Parliamentary Group in Vietnam from December 1-2.

The delegation aimed to learn about the general business environment in Vietnam; opportunities to strengthen bilateral trade between Vietnam and Canada; the evolving development aid situation in Vietnam and implications for the role of foreign and domestic private investment and international lending to Vietnamese corporate sector in order to meet the sustainable development objectives of Vietnam; and efforts formalise Vietnam’s large informal economy in order to mobilize greater government revenues towards development objectives.

At the meeting, Mr Robert D. Nault said, Canadian businesses are now very interested in the business environment and investment in Vietnam, especially before the new steps of CPTPP. The members of the delegation raised many questions about private sector, potential business fields, as well as the role of VCCI in supporting Vietnamese enterprises to develop and cooperate globally.

As the President of VCCI and a member of the Government Policy Reform Committee and National Assembly Member, Dr Vu Tien Loc said VCCI conducts surveys twice a month in order to submit results the Prime Minister to better create measures to reform policies, regulations and laws for businesses.

In addition, every year, the Government of Vietnam organises Dialogue with the business community, not only Vietnamese enterprises but also foreign ones, to directly recognise difficulties and reflections of enterprises, contributing to a constructive and actionable government.

The VCCI President stressed that with the efforts of the Government, the business environment in Vietnam has made remarkable progress. According to a recent report by the World Bank Group, Vietnam's business environment in 2018 rose to 68/190 countries, up 14 places compared to 2017.

"VCCI, the representative organisation for the interests and voice of the Vietnamese business community, always strives to accompany the development of Vietnamese enterprises as well as foreign enterprises including the Canadian business community," emphasised Dr Loc.

In the context of the rapidly growing 4.0 Industrial Revolution, Vietnam is one of the most developed countries in the textile industry. However, this sector requires many employees, mainly female workers. Mr Robert D. Nault expressed the wish to assist Vietnamese businesses in the training of high quality human resources.

Giang Tu

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