Canada gateway for Binh Dinh firms to access North American market
Vietnam’s south-central province of Binh Dinh holds many opportunities to boost investment connections with Canadian businesses, paving the way for access to the broader North American market, heard a conference.

Workers at a wood processing factory in Binh Dinh province, south-central Vietnam. Photo by The Investor/Nguyen Tri.
The Thursday conference, themed “Canada - Gateway for Vietnamese enterprises to access the North American market,” was jointly held by the provincial People's Committee of Binh Dinh and the Vietnamese-Canadian Business Association (VCBA).
Exports to Canada expand fourfold after CPTPP
Identifying Canada as a potential export market and a gateway for Vietnamese enterprises to access the North American market, Binh Dinh has promoted cooperation with Canadian organizations and businesses, and sent delegations to promote trade and investment, said Chairman of the province Pham Anh Tuan.
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which took effect in Vietnam in 2019, has contributed to promoting Binh Dinh province's exports to the North American markets, he noted.
According to Ngo Van Tong, director of the provincial Department of Industry and Trade, exports from Binh Dinh to North America fetched $569 million in 2023, accounting for 35.6% of the province’s total export revenue.
Notably, the province's export turnover to Canada increased fourfold, from $4.1 million in 2018 to over $17.2 million in 2023. In 2022, the figure was $23.9 million.
"In 2023, Binh Dinh's two-way trade with Canada reached $18.7 million, of which exports were valued at $17.2 million and imports $1.5 million. Its main exports to the Canadian market were seafood, indoor and outdoor furniture, garments, and plastic products," Tong said.
Nguyen Quang Trung, former consul general of Vietnam in Vancouver, said that Vietnam has been Canada's largest trading partner in Southeast Asia for nearly a decade, and both sides have agreed to bring bilateral trade to $10 billion per year. Canada is currently the 14th largest investor in Vietnam.
Many opportunities for Binh Dinh
According to Trung, Vietnam is an economic partner that plays an increasingly important role in diversifying Canada's trade in the region. This is consistent with Canada's Indo-Pacific Strategy (IPS).
Currently, a Team Canada Trade Mission delegation led by Canadian Minister of Export Promotion, International Trade and Economic Development Mary Ng is visiting Vietnam to learn about business and investment opportunities in agriculture, processed food, clean energy, clean technology, information and communication technology, and creative technology.
The government of Canada’s British Columbia province has opened an investment and trade representative office in Ho Chi Minh City and a Forestry Innovation Investment (FII) office in neighboring Binh Duong province.
"I think this trend is very suitable for Binh Dinh's investment promotion plan, as the province gathers many favorable infrastructure conditions such as seaports, airports, national highways, and Becamex Binh Dinh Industrial Park," Trung added.
Dan On, chairman of the Vietnamese Canadian Business Association (VCBA), said his association is ready to support Canadian businesses in investing in Vietnam as well as Vietnamese companies exporting their products to Canada.
Nguyen Hoai Bac, member of the VCBA executive committee, proposed connecting agro-forestry-fishery processing enterprises in Binh Dinh with the owner of the 88 supermarket chain in Vancouver.
According to Binh Dinh Chairman Pham Anh Tuan, Canadian firms have invested $2.72 million in two apparel projects in Binh Dinh. These projects have initially proved effective and contributed to the province's socio-economic development.

Chairman of Binh Dinh province Pham Anh Tuan speaks at a trade promotion conference on March 28, 2024. Photo by The Investor/Nguyen Tri.
The official said that Canadian investment in the province remains modest, adding that Binh Dinh’s exports to Canada do not match the potential, strengths, and expectations of both sides. Binh Dinh hopes to welcome a new wave of investment with bigger projects from Canada, he stated.
The trade promotion conference, themed “Canada - Gateway for Vietnamese enterprises to access the North American market”, was attended by 200 businesses in the province and from foreign countries.
At the event, Becamex Binh Dinh JSC and Dan On Foods Corporation signed a memorandum of understanding on investment in a $10 million, 4-hectare agricultural product processing factory at Becamex Binh Dinh Industrial Park.
- Read More
USD price may reach VND26,400 in Q3, VND26,200 in Q4: UOB
Singaporean bank UOB's updated USD/VND projections are 26,400 in Q3/2025, 26,200 in Q4/2025, 26,000 in Q1/2026, and 25,800 in Q2/2026.
Economy - Wed, July 9, 2025 | 8:41 am GMT+7
Vietnam's stock market moving toward sustainability, professionalism: exec
The quality of investors in Vietnam has significantly improved as more and more investors start to adopt asset management strategies and disciplined investing, instead of merely engaging in short-term trading, said Nguyen Hoang Yen, chairwoman of Mirae Asset Securities.
Finance - Tue, July 8, 2025 | 11:40 pm GMT+7
Vietnam's credit growth hits record high since 2023
Vietnam’s total credit outstanding surpassed VND17.2 quadrillion (about $658.31 billion) in the first half of 2025, marking a 9.9% increase from the end of 2024 and a 19.3% rise year-on-year, the highest growth rate since 2023.
Banking - Tue, July 8, 2025 | 11:26 pm GMT+7
Foreign investors net buy for fifth consecutive session
Foreign investors' transactions on the Ho Chi Minh Stock Exchange (HoSE) continued to be a highlight as they net bought for the fifth consecutive session on Tuesday, to the tune of over VND7,679 billion ($293.88 million).
Finance - Tue, July 8, 2025 | 6:08 pm GMT+7
Northern Vietnam province opens bid for $2 bln tourism-casino complex project
Quang Ninh, a coastal province in northern Vietnam, is seeking investors for a large-scale tourism and casino complex valued at VND51.5 trillion ($2 billion) in its strategic Van Don Economic Zone.
Real Estate - Tue, July 8, 2025 | 4:37 pm GMT+7
The Investor to hold seminar on raising investor awareness towards stock market status upgrade
The Investor and its Vietnamese-language sister Nhadautu.vn will host a seminar titled “Raising investor awareness towards stock market status upgrade” in Hanoi on July 17.
Finance - Tue, July 8, 2025 | 4:02 pm GMT+7
Many uncertainties over exchange rates: Vietnam's central bank
There are many "unknowns" with monetary policy and exchange rates in the coming time, said Pham Chi Quang, director of the State Bank of Vietnam's (SBV) monetary policy department.
Banking - Tue, July 8, 2025 | 3:53 pm GMT+7
World's largest iron ore, nickel producer wants to expand business in Vietnam
Prime Minister Pham Minh Chinh has asked Vale Group, a multinational Brazilian corporation in the fields of metals, mining, and logistics, expand business in Vietnam.
Industries - Tue, July 8, 2025 | 1:52 pm GMT+7
Vietjet appoints new managing director
Vietjet Aviation Joint Stock Company (HOSE: VJC) has appointed Nguyen Thanh Son as its new managing director, succeeding Dinh Viet Phuong.
Companies - Tue, July 8, 2025 | 8:10 am GMT+7
First turbine rotor installed at expanded Hoa Binh hydropower plant in northern Vietnam
The rotor of the first turbine at the expanded Hoa Binh Hydropower Plant project was successfully installed on Sunday in Phu Tho province, formerly Hoa Binh province, northern Vietnam.
Companies - Tue, July 8, 2025 | 8:07 am GMT+7
Singapore heavily penalizes nine financial institutions for money laundering
The Monetary Authority of Singapore (MAS) has fined nine financial institutions SGD27.45 million ($21.55 million) for breaches related to the 2023 money laundering case involving more than SGD3 billion in assets.
Southeast Asia - Tue, July 8, 2025 | 7:58 am GMT+7
Foreign cash flows push VN-Index past 3-year peak
With positive sentiment from both domestic and foreign investors, VN-Index on Monday surpassed the 1,400 mark after more than three years. The last time the benchmark index reached this level was on April 19, 2022.
Finance - Tue, July 8, 2025 | 7:28 am GMT+7
Japan's Granja Fujikura eyes developing large-scale, high-tech agriculture in Vietnam
Granja Fujikura Group wishes to receive favorable conditions in Vietnam to develop large-scale, high-tech agriculture.
Economy - Mon, July 7, 2025 | 11:22 pm GMT+7
Vietnam's Maritime Bank plans 20% stock dividend payout
Vietnam Maritime Commercial Joint Stock Bank (MSB) plans to issue up to 520 million shares as stock dividends, equivalent to 20% of its outstanding shares at the record date.
Banking - Mon, July 7, 2025 | 5:30 pm GMT+7
Vietnam's shipping major Vinaship to pay first cash dividends after 14 years
Vinaship, a major shipping firm in Vietnam, plans to pay cash dividends for the first time in the past 14 years, at a total of approximately VND20.4 billion ($779,670).
Companies - Mon, July 7, 2025 | 4:36 pm GMT+7
Vietnam, Brazil eyes joint coffee exchange
Vietnam and Brazil will sign a food security agreement which includes plans to explore a joint coffee exchange and possibility of building a shared bilateral coffee brand.
Economy - Mon, July 7, 2025 | 4:02 pm GMT+7