Trade – Investment

Deputy Prime Minister Trinh Dinh Dung has recently signed a decision approving the Organic Agriculture Development Project for 2020-2030 with a hope of becoming one of countries with advance organic agriculture production.

Gross Regional Domestic Product (GRDP) in Ho Chi Minh city increased 1.02% in the first half of 2019, 7.61% lower than the same period last year, according to the city Statistics Office.

The Vietnam-Russia oil and gas joint venture Vietsovpetro has reported that its natural gas exploitation in the first half of the year surpassed 17.3 percent of its target and reached 47 million cu m.

With huge potential for comprehensive cooperation, Vietnam and the US are boosting two-way trade in a more balanced manner to ensure sustainable development, experts have said.

The consumer price index (CPI) is projected to increase by between 3.5 percent and 4 percent this year, according to experts at a seminar held in Hanoi on July 2nd, which focused on national market and price movements in H1 and forecasts for the whole year.

Many Danish enterprises wish to seek information and investment opportunities in Vietnam as the EU-Vietnam Free Trade Agreement (EVFTA) is set to take effect, Troels Jakobsen, Commercial Counsellor at the Embassy of Denmark in Vietnam, said on July 2nd.

Ly Son garlic has just been granted a certificate of geographical indication to prevent impersonation and ensure the rights of farmers in this island district.

A total of nearly 32.6 trillion VND (over 1.4 billion USD) was raised by the State Treasury through 16 G-bond auctions at the Hanoi Stock Exchange (HNX) in June.

Vietnamese lychee was officially put up for sale in Singapore’s FairPrice supermarket chain, making the first year when the specialty fruit has been imported from the Southeast Asian country on a large scale.

The Ministry of Industry and Trade (MoIT) and the Italian Ministry of Foreign Affairs and International Cooperation have signed an agreement to establish a new Joint Commission on Economic Cooperation.

The Czech - Vietnam Tourism Forum was held in Prague on June 30th, as part of activities to celebrate the 70th founding anniversary of bilateral diplomatic ties and step up tourism cooperation following the COVID-19 pandemic.

A teleconference on trading in consumer goods between Vietnam and Japan was held in Tokyo on June 30th, with nearly 40 Vietnamese producers and 55 Japanese importers taking part.

Vinh Phuc needs to focus on building Party, strengthening the political system, preparations and organization of district and provincial Party congresses; carefully preparing personnel and promptly handling complaints and denunciations, and wisely selecting personnel having enough morality and talent to join in the Executive Board of the provincial Party Committee in the new tenure.

The Vietnam Trade Office and the Vietnamese Embassy in Israel, in collaboration with the Israel Export Institute, organized a roundtable conference themed "Business and investment opportunities in Vietnam" in Tel Aviv city, Israel on June 29th.

Despite difficulties caused by the complex situation of COVID-19 around the world, especially in Vietnam’s leading trade partners, the country saw a trade surplus of USD4 billion in the first half, the General Statistics Office (GSO) has reported.

Saigon Giai Phong (Liberated Saigon) newspaper held a ceremony in Ho Chi Minh City on June 27th to honour the 30 most popular Vietnamese brand names in 2020.

By 2045, when Vietnam becomes a developed country, Hanoi must have developed into one of the political, economic and cultural centres in East Asia, according to Prime Minister Nguyen Xuan Phuc.

More than 1,000 domestic and foreign investors and businesses are to attend the “Hanoi 2020 - Investment and Development Cooperation” conference, the city’s People’s Committee announced on June 26th.

(CPV) - The United Nations Development Programme (UNDP) and the Ministry of Planning and Investment (MPI) have launched a new Climate Business Index (CBI). This initiative is developed under the UNDP’s global Support Programme for Nationally Determined Contributions (NDCs), with financial support from the Governments of Germany and Spain and the European Union.

In the first quarter this year, Vietnam reported trade surpluses in half of the CPTPP member markets, including trade surplus to Canada of USD807.3 million; to Mexico USD670 million; to Chile USD280.7 million; to Japan USD110.8 million; and to Peru USD69.6 million.

Despite the complex situation of COVID-19, the agricultural sector is confident of obtaining the agricultural, forestry and fisheries export turnover of USD41 billion this year thanks to synchronous solutions, according to Standing Deputy Minister of Agricultural and Rural Development Ha Cong Tuan.

The Hanoi authorities will grant permits to 116 projects worth a total of USD15.5 billion at an upcoming investment promotion conference scheduled for June 27th.

In the first half of June, Vietnam's trade balance was reported at USD170 million, bringing the trade surplus to USD3.75 billion.

As many as 15 Vietnamese businesses have taken part in an online fair titled Virtual Healthcare & Hygiene Expo 2020 in India.

About 440 Japanese experts and entrepreneurs will pay a visit to Vietnam from June 25th-27th, marking an initial step in easing the travel restrictions imposed by the two countries since the outbreak of the COVID-19 epidemic.

The northern province of Hai Duong successfully shipped an initial batch of 1.2 tonnes of fresh lychees to the Japanese market on June 23rd.

A representative of Vietnam Airlines said it will launch five new domestic routes in July, bringing its total to 57.

Executive Officer Soichi Okazaki of Japan’s AEON shopping mall developer and operator has said the company wants to import fresh “thieu” lychee and other tropical fruits from Vietnam.

The northern mountainous province of Son La’s Mai Son district People’s Committee on June 22nd worked with the provincial Trade Promotion Center to organize a ceremony to export the first 30 tons of mangoes this year to the US, Canadian and Australian markets.

A batch of more than two tons of Vietnamese fresh lychee exported to Japan was sold out on the first day at supermarkets on June 21st.