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Hanoi (VNA) – The website of the Asia-Pacific Foundation of Canada on June 9 published an article of the Vietnam News Agency titled “Vietnam’s G7 Participation Opportunity to Build on Economic, Geostrategic Relationship with Canada.”

The article was published on the occasion of Prime Minister Nguyen Xuan Phuc’s attendance at the Group of Seven (G7) Outreach Summit and visit to Canada from June 8 – 10 at the invitation of Canadian Prime Minister Justin Trudeau.

The article said PM Phuc’s attendance at the G7 in Quebec from June 8-10 at the invitation of PM Justin Trudeau is of special significance as the two countries hold various activities to celebrate the 45th anniversary of diplomatic ties.

Vietnam and Canada elevated their relationship to a Comprehensive Partnership during Trudeau’s official visit to Vietnam in November 2017. The move not only demonstrates the resolve of the two countries’ leaders to strengthen bilateral friendship and cooperation, but also creates a driving force for the substantive and effective development of bilateral ties with multi-faceted benefits to both countries.

Two-way trade and investment is considered an important momentum for the Vietnam-Canada relationship, with both sides attaching importance to promoting trade and investment exchanges in key sectors. Currently, Vietnam is an important market for Canadian products such as buckwheat, canola oil, lentil seeds, farm produce and seafood, while Canada is importing mobile phones and electronic appliances from Vietnam, it said.

With bilateral trade enjoying an average annual growth of 20-25 percent, Vietnam has been Canada’s biggest trade partner in the Association of Southeast Asian Nations (ASEAN) since 2015. The two countries have set a target of raising two-way trade to 10 billion USD a year in the next 10 years, from the nearly 5 billion USD in 2017.

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