Canada-Vietnam Foreign Investment Promotion and Protection Agreement (FIPA) Negotiations
Background
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.
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Contact Point
If you have questions or comments, please contact Foreign Affairs and International Trade Canada at:
Investment Trade Policy Division (TNI)
Foreign Affairs and International Trade Canada
Lester B. Pearson Building
125 Sussex Drive
Ottawa, Ontario K1A 0G2
Fax: 613-944-0679
E-mail: consultations@international.gc.ca
