Vietnamese Canadian firm benefits from CPTPP
Tuesday, August 1,2023
AsemconnectVietnam - The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), to which both Vietnam and Canada are members, has brought about many benefits to businesses of both sides.
Canadian Vita, a ginseng processing firm founded in 2017 by Tran Hieu, a Vietnamese Canadian, is an example of enterprises enjoying opportunities from the deal.
Hieu said that since the CPTPP took effect five years ago, his company has thrived thanks to tax exemption policy between the two countries, enabling his firm to promote ginseng exports to Vietnam.
Currently, Canadian Vita is running a 20-hectare farm with an output of 150 tonnes of dried ginseng each year, earning about 9 million USD, 60% of which is from the Vietnamese market.
Source: en.vietnamplus.vn/vietnamese-canadian-firm-benefits-from-cptpp/265385.vnp
Hieu said that since the CPTPP took effect five years ago, his company has thrived thanks to tax exemption policy between the two countries, enabling his firm to promote ginseng exports to Vietnam.
Currently, Canadian Vita is running a 20-hectare farm with an output of 150 tonnes of dried ginseng each year, earning about 9 million USD, 60% of which is from the Vietnamese market.
Source: en.vietnamplus.vn/vietnamese-canadian-firm-benefits-from-cptpp/265385.vnp
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