General Secretary, President Tô Lâm attends Việt Nam–Canada business dialogue
Vietnamese President Tô Lâm met with Canadian business leaders, aiming to boost bilateral trade. The two countries target a two-way trade volume of US$14-15 billion by 2030. This growth is intended to be balanced, sustainable, and focused on higher added value. The dialogue reflects a push for deeper economic ties between Vietnam and Canada.
Vietnam's forecast of US$14-15 billion in trade with Canada by 2030 is ambitious. This represents a significant jump from current levels. The focus on "higher added value" points to a shift beyond raw materials. Vietnam wants to move up the supply chain, not just increase volume.
For Southeast Asia, this trade push is a test case. Vietnam is strategically diversifying its partners beyond traditional Asian hubs. Its efforts could draw more Canadian investment into high-tech manufacturing and services. This would benefit Vietnamese startups in areas like digital transformation and green tech.
The test for Vietnam is attracting Canadian tech and AI firms, not just agricultural or resource companies. Watch for specific investment pledges in AI, semiconductors, or advanced manufacturing over the next 18 months. Without concrete projects in these sectors, the "higher added value" goal will remain aspirational.
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