Canada-based experts are available to provide Canadian SMEs with practical assistance, on-the-ground support and connections to benefit from #sourcing and #supply chain diversification #opportunities with #Vietnam, a fast growing #economy for which #Canadianbusiness should have a special advantage thanks to #CPTPP. Find out more: ExportMarkets.ca
A surging U.S. economy on the back of massive stimulus and pent-up demand will benefit exporters in Asia, with Vietnam receiving the biggest windfall, according to Bloomberg Economics. If the U.S. growth rate accelerates to 7.7% in 2021 as forecast by Bloomberg Economics, up from the 3.5% seen late last year, that would add more …
Coming U.S. Economic Boom Seen Boosting Vietnam Most in Asia Read More »
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is a trading block that represents 495 million people with a combined gross domestic product of CAD $13.5 trillion – a full 13.5% of global GDP. Through the CPTPP, Canada now has preferential access to some of the world’s most dynamic and fast-growing markets, which will …
It’s easy to feel hesitant about exporting given the impacts of COVID-19 and the rising tides of economic protectionism. But diversifying your markets remains one of the best ways to make your business resilient and ready to grow. Canadian companies that build a multinational presence through trade and diversification are more profitable, more stable and …
Boost your business’ resilience by diversifying your markets Read More »
Vietnam is rising as a fast-growing e-commerce market, marked by strong mobile commerce, increasing foreign investments, a favorable regulatory environment, and enhanced internet access. The country may be less developed than many other e-commerce markets, but it is expanding rapidly, supported by a generation of digital natives starting to earn and spend money. According to …
The outlook for Vietnam looks positive and its economy has “huge potential” according to UBS Global Wealth Management. Read More » Vietnam was one of Asia’s top-performing economies in 2020 and among the few countries that managed to record growth last year despite the coronavirus pandemic. Read More » (Source: CNBC)
The COVID-19 pandemic has had a significant impact on global supply chains, upending trade, and slowing growth. Due to the pandemic, China, known as the ‘factory of the world’ shut factories and production lines, battering supply chains. This created a domino effect with businesses struggling to finish products and source raw inputs. Moreover, the US-China trade war was already …
In a 2020 world full of surprises, here’s another one: when we were all focused on the COVID-19 third wave, renewed lockdowns, the United States’ election drama, Brexit, trade friction and weighty social issues, out of the blue came the signing of a new trade deal. And this one is no minor footnote; it’s the …
Vietnam’s top leaders have resolved to become at least a middle-income country over the next five years by attracting more foreign investment in manufacturing. A deputy planning minister said that Vietnamese people should earn around $5,000 per year on average by 2025, up from $2,750 now. Vietnam would reach that milestone — middle income or …
Vietnam plans to become solid middle-class economy by 2025 Read More »
Using free trade agreements (FTAs) to your advantage can seem complicated at first, but there are many benefits to leveraging them within your export strategy. Through FTAs, Canadian businesses have gained preferential access to nearly 90% of export markets, or about 1.5 billion potential customers worldwide. Canada is an internationally respected trading nation and the leading …
Increase your exports with free trade agreements Read More »