Export Development Canada (EDC) and FPT, a global technology corporation, have recently signed a Memorandum of Understanding (MOU) to enhance strategic cooperation between Canada and Vietnam. This partnership aims to deepen trade relations and advance cooperation in key sectors such as information and communications technology (ICT), healthcare, retail, and financial services, while also promoting environmental, social, and governance (ESG) practices.
The MOU signing ceremony, facilitated by the Canada-Vietnam Chamber of Commerce in Montreal, Canada, marks the commitment of both organizations to fostering sustainable growth and innovation. FPT will leverage its expertise and extensive network in Vietnam to support Canadian companies by facilitating their market entry, providing strategic connections, and exploring co-investment opportunities. EDC, on the other hand, will offer FPT access to Canadian exporter and investor networks, innovative financing solutions, and knowledge sharing of ESG best practices to support FPT’s sustainability efforts.
This partnership aligns with FPT’s commitment to fostering sustainable growth and innovation, further strengthening the ties between Canada and Vietnam. The collaboration will focus on strategic areas where Canadian businesses can contribute expertise, particularly in software development, system integration, and energy efficiency for FPT’s expanding data operations. Additionally, EDC will be opening its first representation in Vietnam in late November as part of its broader Indo-Pacific strategy to support Canadian businesses in expanding their international presence.
According to Todd Winterhalt, Senior Vice-President, International Markets and Head of Communications and Public Affairs at EDC, this partnership reflects their dedication to supporting Canadian companies as they explore and expand into international markets, particularly in Vietnam. He believes that FPT’s market leadership and sector access will positively impact Canadian exporters, investors, and the overall trade ecosystem. Phuong Nguyen, Managing Director of FPT Canada, FPT Corporation, stated that through this partnership, they aim to connect Canadian businesses with Vietnam’s vibrant and rapidly evolving market, further strengthening the ties between the two countries.
FPT Corporation is a globally leading technology and IT services provider headquartered in Vietnam, operating in three core sectors: Technology, Telecommunications, and Education. The corporation has provided practical and effective products to millions of people and businesses worldwide, establishing Vietnam’s position on the global tech map. On the other hand, Export Development Canada (EDC) is a financial Crown corporation dedicated to helping Canadian businesses make an impact at home and abroad by providing financial products and knowledge to confidently enter new markets and grow their business.
Overall, this partnership between EDC and FPT signifies a significant step towards enhancing strategic cooperation between Canada and Vietnam, fostering sustainable growth, innovation, and stronger economic ties between the two countries. With a focus on key sectors and ESG practices, this collaboration is set to benefit Canadian exporters, investors, and the overall trade ecosystem in the long run.
