EDC partners with FPT to enhance Vietnam-Canada trade ties

EDC forms partnership with FPT to enhance Vietnam and Canada trade ties. Photo: EDC

This agreement underscores the commitment of both organisations to deepening trade relations and advancing cooperation in key sectors, including information and communications technology (ICT), healthcare, retail, and financial services, while promoting environmental, social, and governance (ESG) practices.

Under the MOU, FPT will leverage its expertise and extensive network in Vietnam to support Canadian companies by facilitating their market entry, providing strategic connections, and exploring co-investment opportunities. FPT will assist a minimum of 20 Canadian companies in engaging with its subsidiaries over the next three years.

EDC will offer FPT access to Canadian exporter and investor networks, innovative financing solutions and help facilitate business engagements with Canadian companies. EDC will also engage in knowledge sharing of ESG best practices to support FPT’s sustainability efforts.

With a mutual dedication to advancing sustainability initiatives, both parties will engage in knowledge sharing with FPT offering access to its ESG frameworks, tailored as knowledge resources, to support the engagements with Canadian businesses.

This partnership is part of EDC’s broader Indo-Pacific strategy to support Canadian businesses in expanding their international presence and engaging in high-potential markets like Vietnam. In line with the strategy, EDC will be opening its first representation in Vietnam in late November. The MoU is the culmination of ongoing engagement since 2023 between EDC and FPT and will focus on strategic areas where Canadian businesses can contribute expertise, particularly in software development, system integration, and energy efficiency for FPT’s expanding data operations.

“This partnership reflects our dedication to supporting Canadian companies as they explore and expand into international markets, particularly in Vietnam, which is one of Asia’s most dynamic economies,” said Todd Winterhalt, senior vice-president of International Markets and head of Communications and Public Affairs at EDC.

“FPT is a market leader with the sector access, knowledge, and connections to positively impact Canadian exporters, investors, and the overall trade ecosystem. Through this MOU, we look forward to creating new avenues for cooperation that will benefit both Canadian exporters and Vietnam’s growing ICT sector.”

Canada favours Vietnam market A delegation of nearly 200 Canadian businesses is visiting Vietnam from March 26 to 29 to boost trade and investment.

Vietnam and Canada share opportunities to achieve net zero The path towards net zero was discussed at a workshop themed “Towards Net-Zero: Canada-Vietnam Experience Sharing”, held in Ho Chi Minh City on March 28.

Vietnam and Canada share customs procedures A forum themed “CPTTP in Action – Dialogue with Ho Chi Minh City Customs Department” was held on March 27 to discuss country-of-origin issues, tariff classifications and refunds, imports of products samples, and custom clearance with a business delegation from Canada.