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CPTPP partner: Vietnam

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 strengthen Canadian businesses, grow the economy, and create more well-paying jobs for middle class Canadians.

The CPTPP entered into force for the first six countries to ratify the Agreement – Australia, Canada, Japan, Mexico, New Zealand, and Singapore – on December 30, 2018, for Vietnam on January 14, 2019, and for Peru on September 19, 2021. For the remaining signatories (Brunei, Chile, and Malaysia), the CPTPP will enter into force 60 days after that country ratifies the Agreement.

Why Vietnam matters

Canada-Vietnam trade snapshot

Top Canadian Exports to Vietnam (2015-2017 average, $CAD)

Pie chart of Canada's top exports to Vietnam (2015-17 average)
Text version

Canada's Top Exports to Vietnam (2015-2017 average, $CAD)

  • Total value of exports to Vietnam: $742,000,000
  • Agricultural products (wheat, flax, and pork): $297,000,000
  • Fish and seafood products (frozen lobster, crab, halibut): $119,000,000
  • Metals and minerals: $79,000,000
  • Fertilizers: $65,000,000
  • Industrial machinery: $36,000,000

Key facts and figures

Canada-Vietnam trade

Canada-Vietnam tourism

Canada’s top merchandise imports from Vietnam (2015-2017 average)

Canada’s imports of services from Vietnam (2016)

Canada’s top merchandise exports to Vietnam (2015-2017 average)

Canada’s export of services to Vietnam (2016)

How the CPTPP helps Canada-Vietnam trade and investment

Sectoral opportunities in Vietnam

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