Canada urged to diversify investment fields in Vietnam

Deputy PM, FM Pham Binh Minh (R) and Canadian Ambassador to Vietnam Deborah Anne Paul, Ha Noi, April 4, 2019 - Photo: VGP/Hai Minh

The Government leader made the point on April 4 in Hanoi while hosting a reception for Canadian Ambassador to Vietnam Deborah Anne Paul.

The host leader congratulated the newly appointed Ambassador in Vietnam. He was convinced that with her extensive experience, the Ambassador would contribute to cementing and deepening the relations in both bilateral and multilateral scopes.

Deputy PM Minh assessed that the bilateral ties have been flourished especially following the establishment of the comprehensive partnership in November 2017 during the official visit of Canadian PM Justin Trudeau to Vietnam on the occasion of the APEC Summit Week.

He also lauded the prospects of the bilateral ties, calling upon the two sides to boost exchanges of delegations especially high-ranking ones; promote trade ties in 2019 in the context that Vietnam and Canada are CPTPP members and Vietnam is Canada’s largest trade partner in ASEAN.

Regarding investment, Canada ranked 14th out of countries and territories investing in Vietnam with 174 projects worth over US$ 5 billion. However, the host leader also recommended Canada diversify its investment domains in Vietnam as over 90% of the investment inflows chiefly focus on real estate.

On this occasion, Deputy PM Minh expressed his gratitude and hoped to receive more ODA in favor of sustainable growth especially in social field.

In reply, Ambassador Deborah Anne Paul expressed her impression of Viet Nam’s development achievements and the country’s role and positions in the region and the world.

Canada, said the new Ambassador, highly values Vietnam’s responsibility in international issues. Canada also promises to continue supporting Vietnam’s bid for a non-permanent seat at the United Nations Security Council in the 2020-2021 period.

The guest also voiced her support for Vietnam as the Chairman of ASEAN 2020.