Background on the Canada-Vietnam Foreign Investment Promotion and Protection Agreement (FIPA) Negotiations
Canada and Vietnam will hold their inaugural round of Foreign Investment Promotion and Protection Agreement (FIPA) negotiations from February 25-27, 2008 in Hanoi, Vietnam. The parties have pledged to work together to conclude an agreement in a timely manner.
A bilateral FIPA will provide greater predictability and certainty for Canadian investors considering investment opportunities in Vietnam. Canada’s objective in entering these negotiations is to secure a comprehensive, high-quality agreement which will protect investors through the establishment of a framework of legally binding rights and obligations.
In 2006, the stock of Canadian direct investment in Vietnam was C$142 million, and more large projects are planned. As a growing and dynamic market, Vietnam is of increasing interest to Canadian investors, with significant investment opportunities in a variety of sectors including manufacturing, natural resources, and financial services, among others.
- News Release - September 6, 2007
