| 2008 | Percentage change since 2007 | |
|---|---|---|
| Population | 86.2 million | 1.2% |
| GDP | $96.1 billion | 6.2% |
| Canadian Merchandise Exports | $316.9 million | 9.7% |
| Canadian Services Exports | N/A | N/A |
| Canadian Merchandise Imports | $953.4 million | 25.7% |
| Canadian Services Imports | N/A | N/A |
| CDIA | $168 million | 11.3% |
| FDI | N/A | N/A |
All GDP figures in the tables are quoted at current prices, whereas annual percentage changes of GDP are calculated at constant prices
Vietnam
Overview
Vietnam has been one of the fastest growing economies in the world, expanding at an average yearly rate of 7.2% over the past decade. It also holds potential as a key strategic investment location for investors seeking to improve the cost-effectiveness of global supply chains.
Vietnam's accession to the WTO in January 2007 marked an important milestone in the country’s integration into the international economy. Canadian companies have found opportunities in Vietnam in a variety of sectors including agriculture and agri-food, education and training, forest industries, and information and communications technologies. Agriculture, food and beverages continues to be Canada’s leading export sector to Vietnam, representing approximately 29% of total exports for a value of $91.7 million in 2008. Sub-sectors include agricultural products, as well as fish and seafood products.
- To search for specific trade and investment barriers to this market, please use our CIMAR Database on Foreign Commercial Barriers.
Market Access Achievements
- New and expanded market access was achieved for beef offal, as well as for all beef from animals under 30 months.
- Export health certificates were issued for pork, pork offal and breeding swine.
- The first-ever imports of Canadian value-added confectionary products took place in January 2009.
Market Access Plans and Priorities
- Negotiation of a foreign investment promotion and protection agreement.
