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Vietnam Today

Vietnam now Canada's largest ASEAN trading partner

Released at: 10:55, 03/07/2017

Vietnam now Canada's largest ASEAN trading partner

H.E. Ping Kitnikone, Ambassador of Canada to Vietnam speaks at the event. Photo: Canadian Embassy in Hanoi

Two-way trade hits $4.25 billion in 2016, Canadian Ambassador tells celebrations in Hanoi for the 150th anniversary of the country's confederation.

by Thu Hoang

Canada has been a partner of Vietnam for more than 40 years and the bilateral relationship is multi-faceted, H.E. Ping Kitnikone, Ambassador of Canada to Vietnam, told celebrations of Canada’s 150th anniversary of confederation held in Hanoi on June 28, and the last two years have seen Vietnam become its largest trading partner in ASEAN, with $4.25 billion in two-way trade last year.

There is also an ever-increasing number of Vietnamese students studying in Canada, Ambassador Kitnikone added.

“We are committed to building our strong and long-standing relations with our Vietnamese partners and finding ways to deepen our ties,” he said. “Some of these ties include Canada’s support to building capacity toward supporting the rights of individuals, including LGBTI and women’s rights. The Canada Fund for Local Initiatives in Vietnam has supported and will continue to support similar initiatives in Vietnam.”

Over the past year, Canada ramped up the development programming related to areas of great importance to Vietnam, with recently announced development projects including a $11.8 million Safe Food for Growth project, a $11.6 million project to support Vietnamese small and medium-sized enterprises (SMEs) address climate change, and $154.2 million through the Asian Development Bank to catalyze private investment in climate change mitigation and adaptation in Asia and the Pacific.

This past year saw increased high-level exchanges in Vietnam, with visits from Canada’s Foreign Affairs Minister Stéphane Dion, Agricultural and Agri-Food Minister Lawrence MacAulay, and, most recently, International Trade Minister François-Philippe Champagne, who attended the APEC Ministers Responsible for Trade meeting in May.

“We look forward to many more such visits in the coming months and years,” Ambassador Kitnikone said.

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