(VOVWORLD) - Vietnam is quickly becoming the new Asian hub with rapid macro-economic growth and opportunity, according to a recent article published by Export Development Canada (EDC) corporation.
 The Vietnam–Canada Economic Joint Committee holds its second meeting in Hanoi on March 27, 2024, looking to enhance trade and investment collaboration. (Photo:VNA) |
President and CEO of EDC Mairead Lavery said Vietnam offers Canadian exporters a geographical advantage to enter other Indo-Pacific markets with ease while also providing companies a cost-competitive advantage in doing business.
Combine that with a growing middle class and one of the fastest growing economies in the world, exporters and investors should be looking to this market as a significant opportunity for growth in the region, he added.
The Vietnamese government has committed to achieving carbon neutrality by 2050, which creates opportunity for investors and companies in clean technology and renewables, agriculture, advanced manufacturing and infrastructure, according to the article.
To help Canadian exporters and investors take advantage of the vast potential within this market, within the framework of the Canadian trade delegation's visit to Vietnam, EDC announced that it will open a new representative office in Ho Chi Minh City to ensure it can provide Canadian exporters and investors with what they need to enter the market.