Canadian businesses facilitated to pour investment in Vietnam

June 16, 2016 | 17:17

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Deputy PM Vuong Dinh Hue on June 15 welcomed Canadian businesspeople who are visiting Viet Nam to seek further investment.

Photo: VGP/Thanh Chung

The Deputy PM said the visit has manifested Canadian corporations’ belief in Viet Nam’s business and investment environment, especially in the context that the Trans-Pacific Partnership Agreement is being approved by the National Assembly.

Northstar Trade Finance expects to exchange and cooperate with Viet Nam and share experience in developing State-owned enterprises, said Northstar Trade Finance president/CEO Scott Shepherd.

He hoped his company could to facilitate Vietnamese businesses' imports of machines and other equipment from the U.S., Germany, France, Italia and Canada for domestic production.

The Deputy PM affirmed that Viet Nam plans to attract foreign venture capital funds, including ones from Canada to support start-ups in Viet Nam.

The Vietnamese Government will create favorable conditions for Canadian businesses and investors to make contributions to Viet Nam’s economy, Deputy PM Hue asserted.

Viet Nam-Canada trade turnover reached around US$5 billion last year. Canada was listed among top 15 largest investors in Viet Nam.

VGP

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