Vietnam’s economy experiences strong growth

Vietnam’s economy is experiencing strong and sustainable developments, which may bring the country into the top 20 economies in the world by 2050, from the current 32nd position.

At the forum (Photo: VNA)
At the forum (Photo: VNA)

The statement was made by a senior official of the Royal Bank of Canada (RBC) D. Kennedy at a recent forum in Canada to connect trade representatives from member countries of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

He also noted that Vietnam and Canada can supplement each other in terms of economy and demographics. Vietnam continued to retain the position as Canada's leading trade partner in ASEAN and the fifth largest partner of the ‘maple leaf country’ in Asia.

The RBC’s senior official emphasised that the Canadian Government and firms should place the Vietnamese market in a prioritised position for promoting partnership.

Experts affirmed that the CPTPP has provided Canadian enterprises with many opportunities to expand their operations in several of the world’s most dynamic economies.

Vietnam is regarded as a bright spot on the CPTPP map and has attracted interest from many Canadian businesses.