Viet Nam’s exports to Canada have maintained strong growth momentum, despite the Northern American country’s macroeconomic pressures, including high inflation, a weakening Canadian dollar (CAD), and a volatile labour market.

According to the Viet Nam Trade Office in Canada, Vietnamese enterprises sustained double-digit growth in the first nine months of the year, a performance that many of Canada’s other trading partners have failed to match.

Data show bilateral trade reached US$6.35 billion, up 19.5% year on year. Of the total, Viet Nam’s exports accounted for US$5.56 billion, representing an increase of 19.2% and reaffirming the country’s competitiveness in this demanding market.

Canada is currently Viet Nam’s 12th-largest export market, with exports bringing in US$10.6 billion last year and projected to gross US$12 billion this year. The figure nearly triples the level recorded before the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) came into effect.

Key export items such as electronics, wooden furniture, textiles, footwear, handbags, and agricultural products all sustained robust growth.

Notably, Viet Nam became the second fastest-growing exporter to Canada during eight-month period, making up 45% of Canada’s total imports from Southeast Asia.

On the import side, Viet Nam purchased nearly US$800 million worth of Canadian goods, including seafood, wood, steel, technological equipment, and agricultural materials. Canadian investment in Viet Nam has also grown, with 21 new projects capitalised at nearly US$34 million in 2025.

To fully capitalise on market opportunities, Vietnamese businesses are encouraged to enhance quality standards, strengthen traceability, improve packaging, and closely follow market requirements. The CPTPP remains a key driver supporting the sustainable expansion of Viet Nam–Canada trade ties.

Source: VOV

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