Trade – Investment

The northern province of Bac Giang is striving to attract 1 billion USD of new and additional investment capital to both FDI and domestically invested projects in 2020, said Director of the provincial Department of Planning and Investment Trinh Huu Thang.

Nearly 600 passengers who finished their quarantine period for COVID-19 in Can Tho city and Quang Ninh province have been carried back to Hanoi and Ho Chi Minh city free of charge by Vietnam Airlines.

Twenty countries, including Ukraine, Finland, Iran and Malaysia, have placed orders to buy thousands of Vietnamese COVID-19 quick test kits.

In the second half of February 2020 alone, the trade balance of goods saw a surplus of USD2.36 billion, bringing the trade surplus to USD1.82 billion in the first 2 months of the year, the General Department of Vietnam Customs has reported.

The first batch of 7,500 SARS-CoV-2 test kits made in Vietnam will be exported to Ukraine and Finland this week.

Many Vietnamese chicken production and processing enterprises meet the conditions to be able to export chicken to Russia - a market with great potential for the product.

In the first 2 months of 2020, electricity, air conditioning and manufacturing continued to lead in attracting foreign direct investment (FDI) into Vietnam.

The Mekong Delta province of Kien Giang plans to increase the area under industrial and semi-industrial shrimp farming models to 3,200ha and annual output to 28,000 tonnes this year, according to its Department of Agriculture and Rural Development.

Pharmed & Healthcare Vietnam 2020 is being held from September 16th-19th in Ho Chi Minh city, gathering manufacturers and suppliers of medical and pharmaceutical equipment and technology.

Vietnamese e-commerce platform Tiki has reported an increase of 15 percent in sales since the beginning of February, saying in a newsletter it indicates the significant increase in shopping needs since the COVID-19 outbreak began.

Minister of Industry and Trade Tran Tuan Anh has spoken to Secretary of the Party Committee of the Guangxi Zhuang Autonomous Region of China Lu Xinshe on the phone to discuss ways mitigating the impact of COVID-19 outbreak on bilateral economic and trade ties.

Fruit and vegetable exports are unlikely to hit the target of 4-5 billion USD set for this year, according to the Vietnam Fruit and Vegetables Association.

The Japan International Cooperation Agency (JICA) in Vietnam has worked with the Japan External Trade Organization (JETRO) in Ho Chi Minh city and the southern province of Ben Tre to sign a three-party memorandum of understanding (MoU).

In 2020, the central province of Thua Thien Hue targets to attract 8-10 domestic and foreign projects to economic and industrial zones with total registered capital of VND6-8 trillion, an increase of 8% compared to 2019, Le Van Tue, Head of the Management Board of Thua Thien Hue Economic and Industrial Zones, has said.

Vietnam witnessed a slight reduction in cassava exports during the first two months of this year due to the novel coronavirus (COVID-19) epidemic, according to the Ministry of Agriculture and Rural Development.

Businesses in the southern province of Bac Lieu have maintained and increased fisheries export turnover in traditional markets, including Japan, the EU, the US, the Republic of Korea (RoK) and Taiwan (China), while expanding exports to new markets.

The Quynh Luu district People's Committee of Nghe An province on March 10th said that it is speeding up the completion of a storm protection work for ships at Lach Quen port in Tien Thuy commune.

Over the past years, the Central Highlands province of Dak Nong has expanded export scale and markets, with rather high growth rate.

Hanoi will work together with businesses to address the negative impacts of the COVID-19 outbreak and strive for 8-percent export growth, according to Director of the municipal Department of Industry and Trade Le Hong Thang.

The People’s Committee of Quang Tri province has granted investment licences to TNG Holdings Vietnam to build two urban areas in Dong Ha city with a combined investment of nearly 1.8 trillion VND (over 78.2 million USD).

A chicken processing factory in Chuong My district, Hanoi, has become the first business in Vietnam to be licensed to export processed chicken products to Russia.

Shrimp is a key export item of many provinces in the Cuu Long (Mekong) River Delta, but the Covid-19 epidemic has caused challenges for exporters.

First batch of Russian pork will be transported to Vietnam next week.

Japan is the only country among the traditional tuna import markets of Vietnam to have growth in January 2020.

The Russian Federal Service for Animal and Plant Health Inspection has announced that the country has allowed the import of processed chicken meat from Vietnam.

The Ministry of Industry and Trade (MoIT) will continue to support local businesses after the coronavirus epidemic is stamped out, Minister Tran Tuan Anh has said.

The banking sector is building a credit support programme with a value of 285 trillion VND (over 12.2 billion USD) for firms hit by the epidemic of the acute respiratory disease caused by the SARS-CoV-2 (COVID-19), in an attempt to help ease their difficulties, according to an official of the State Bank of Vietnam.

Vietnam expects to achieve its export target of 6.7 million tonnes of rice this year due to high global demand, according to an official.

The offshore Bac Lieu wind power plant in Bac Lieu city of the southern province of the same name celebrated its 1 billionth kWh with a ceremony on March 6th.

Bamboo Airways will launch two direct routes connecting Munich - Germany's third-largest city - with Vietnam's Hanoi and Ho Chi Minh city in the middle of this year.