Vietnam enjoys nearly 35 percent surge in export to Canada

Vietnamese exports to Canada expanded by 34.55 percent on year to USD2.08 billion in 2014, said the Vietnam Industry and Trade Information Centre under the Ministry of Industry and Trade.

Vietnamese exports to Canada expanded by 34.55 percent on year to USD2.08 billion in 2014, said the Vietnam Industry and Trade Information Centre under the Ministry of Industry and Trade.

Among Vietnam’s key exports to the North American country, garments grew 25.9 percent yearly to hit USD492.51 million, accounting for 23 percent of the total value. Meanwhile, the country racked up USD263.25 million from aquatic products, up 45.8 percent compared to last year.

Vietnam enjoys nearly 35 percent surge in export to Canada

Garments grew 25.9 percent yearly to hit USD492.51 million. (Photo: VNA)

Canada is a potential market for Vietnamese products. Two-way trade has experienced sustainable growth in the past few years with trade balance favouring the Southeast Asian nation.

Two-way trade is expected to approximately reach USD3 billion in 2015.

Vietnam is amongst the 25 countries to benefit from support programmes for accessing the Canadian market and it is also one of the six key target countries prioritised in Canada’s education cooperation./.

VNF/VNA

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