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Vietnam, Canada aim for sustainable development and cooperation

A seminar entitled “Vietnam-Canada: Toward sustainable development and cooperation” was held in Hanoi on November 27 to mark 35th anniversary of the establishment of diplomatic ties between the two countries.

The event was co-organised by the Vietnam-Canada Friendship Association and the National Center for Social Sciences and Humanities of Vietnam.

George Haynal, Vice President of Public Policy Bombardier Inc said that the the North American Free Trade Agreement (NAFTA) has created both favourable conditions and challenges for member states which have to upgrade their infrastructure to meet the integration demand. He added that Asian countries and Vietnam should further invest in transport, and cross-border trade and put forward solutions to issues of mutual concern, and consult Canada about finanical solutions.

Le Huy Hoang, deputy head of the American Bureau under the Ministry of Foreign Affairs (MOFA) said that both countries should pay attention to signing the agreement on investment protection, building international universities and vocational training schools in Vietnam and strengthening cooperation in the field of labour.

Currently, Canada is one of the ten biggest investors in Vietnam. Two-way trade turnover between the two countries reached US$1 billion in 2007.

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