(VOVworld) - The Vietnamese government will create favorable conditions for Canadian businesses and investors to operate in Vietnam, said Deputy Prime Minister Vuong Dinh Hue on Wednesday.

Scott Shepherd, President and CEO of Northstar Financial Group said Northstar wants to cooperate and share experience with Vietnam as Vietnam and Canada implement new-generation free trade agreements (VGP)

 At a reception for a group of Canadian businessmen who are in Vietnam to seek investment opportunities, Mr. Hue said Vietnam plans to attract foreign venture capital funds to assist start-up activities in Vietnam. The Deputy Prime Minister said Vietnam-Canada trade turnover and foreign direct investment have not matched the potential of the two countries even though Canada is one of the 15 largest investors in Vietnam. Mr. Hue said both countries need to take steps to increase the bilateral trade turnover and Canada’s direct investment in Vietnam.

Scott Shepherd, President and CEO of Northstar Financial Group said Northstar wants to cooperate and share experience with Vietnam as Vietnam and Canada implement new-generation free trade agreements.