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 »
To succeed in today’s global marketplace and win sales against foreign competitors, exporters must offer their customers attractive sales terms supported by the appropriate payment methods. Because getting paid in full and on time is the ultimate goal for each export sale, an appropriate payment method must be chosen carefully to minimize the payment risk …
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 …
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 »