Trade – Investment

Hanoi’s retail sales of goods reached 301.6 trillion VND in the first seven months of 2024, accounting for 63.5% of the total and increasing by 10.1% compared to the same period, according to the City Statistics Office.

The US will continue to be Vietnam’s largest export market from now until the end of the year with the expectation of reaching the target of over 100 billion USD.

Pakistan is Vietnam’s largest tea export market with 16,072 tons, down 13% in volume compared to the same period last year.

The consumer price index (CPI) in July 2024 in Hanoi increased by 0.51% from the previous month and rose by 5.51% compared to the same period last year, according to the City Statistics Office.

The Vietnam Logistics International Exhibition 2024 (VILOG 2024) is expected to welcome 25,000 visitors during the 3-day exhibition, from August 1 to 3, according to the lastest information from the Ministry of Industry and Trade’s Import-Export Department.

About 30 leading groups from Hong Kong (China) in many fields of finance, technology and energy will come to Vietnam to seek investment cooperation opportunities.

Vietnam's e-commerce revenue could reach 30 billion USD by the end of 2024, said a representative of the Ministry of Industry and Trade in a recent meeting held by the ministry to improve export capacity on e-commerce platforms.

In July 2024, Trung Nguyen Legend, Vietnam’s coffee chain, continuously opened nearly 10 new stores in the US and China, promoting Vietnamese coffee culture to the world.

(CPV) - The Dong Thap Provincial Party Committee has held a conference to review 10 years of implementing Directive 40-CT/TW of the PCC’s Secretariat on strengthening the Party’s leadership over social policy credit in the Mekong Delta province.

Vietnam remained the largest rice exporter to Singapore in the first half of 2024, accounting for 32.69% of the market.

Vietnam received 18 billion USD of registered foreign investment capital in the first seven months of 2024. Notably, Kyrgyzstan registered to invest in Vietnam for the first time. So far, 147 countries and territories have invested in the country during the period.

Russia is the second largest fertilizer supplier to Vietnam in the first half of 2024 with 362,326 tons, worth more than 164 million USD, up 430% in volume and 355% in value over the same period last year.

Statistics for the first six months of the year show that, Vietnam’s seafood exports maintained its position as Singapore’s 5th largest partner, a position held for two consecutive quarters. This demonstrates the important role of Vietnamese seafood in this market.

The Can Tho City Department of Agriculture and Rural Development on July 24 coordinated with Vina T&T Group on signing a contract to link and export 1.2 tons of longan to the US and Australian markets.

The central coastal province of Khanh Hoa has organized the second tourism gift product design contest, lasting until the end of September 2024, with total prize value of 112 million VND.

In 2024, Vietnam’s fruit and vegetable export is forecast to earn 7-7.5 billion USD, a record high in recent years, according to the Vietnam Fruit and Vegetable Association.

The Hungarian Trade Office recently coordinated with the Vietnamese Embassy in Hungary to display and introduce Vietnamese export products in the capital Zagreb.

As of mid-July, total export turnover of all types of goods through the northern border province of Lang Son reached over 32 billion USD, according to Vietnam News Agency.

(CPV) - Over the past years, the central coastal city of Da Nang continuously strived to develop an innovative startup ecosystem, with the formation and continuous development of supporting organizations, incubators and venture capital funds, angel investors and especially the innovative startup business community.

The second Krong Pac Durian Festival in the Central Highlands province of Dak Lak, themed “Krong Pac Durian – Integration and Development”, will be held from August 31 to September 2, 2024 with a series of 12 events.

Overseas remittances to Ho Chi Minh City in the first six months of 2024 reached 5.178 billion USD, equal to 54.7% of the whole year 2023 and an increase of 19.5% over the same period last year, said Mr. Nguyen Duc Lenh, Deputy Director of the State Bank of Vietnam’s branch in the city.

The Kien Giang Department of Agriculture and Rural Development on July 16 launched the project of one million hectares of specialized rice cultivation with high quality and low emissions associated with green growth in the Mekong Delta until 2030.

The Bac Ninh Party Committee on July 15 held a conference to summarize 10 years of implementing Directive 40-CT/TW dated November 22, 2014 of the 11th Secretariat on strengthening the Party’s leadership for social policy credit in the northern province.

(CPV) - The Ha Nam provincial Party Committee has held a conference to summarize 10 years of implementing Directive 40-CT/TW dated November 22, 2014 of the Secretariat on “Strengthening the Party’s leadership over social policy credit”.

Vietnam exported 142,586 tonnes of pepper in the first half of this year, down 6.8% in volume but up 30.5% in value, the Vietnam Pepper and Spice Association (VPSA) has reported.

The Hanoi Party Committee on July 9 held a conference to summarize 10 years of implementing Directive 40-CT/TU, dated November 22, 2014 of the Secretariat on “Strengthening the Party’s leadership towards social policy credit” in the capital.

Container intermodal cargo ships have become the main transportation method to promote Vietnam-China trade exchange, with impressive figures of 4,928 containers in the first half of the year, a year-on-year rise of 1,565%.

Free trade agreements (FTAs) are considered an important step for the seafood industry, including pangasius, to “take off”, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Vietnam imported 443 tons of cinnamon in May with a turnover of 1 million USD, an increase of 18.8% in volume from the previous month, according to statistics from the Vietnam Pepper Association (VPA).

Vietnam is the 18th largest non-bloc vegetable, tuber and fruit supplier to Germany in the first three months of 2024, worth about 9.5 million USD, a year-on-year increase of 16.1%, according to the Ministry of Industry and Trade’s Import-Export Department.