Trade – Investment

The Dragon Fruit Association of southern Long An province exports 50 tonnes of dragon fruit a day on average to China and other Southeast Asian nations by sea as export by road has faced lots of difficulties due to the outbreak of the acute respiratory disease caused by the novel coronavirus (COVID-19).

Despite the significant impact of the Covid-19 on the economy, Quang Ninh province’s leaders maintain the target of obtaining an economic growth rate of over 12% this year.

Bamboo Airways has announced that it sells tickets for direct flights from Hanoi to Kaohsiung (Taiwan, China) from VND117,000.

During the complex development of the Covid-2019, people from the Republic of Korea (RoK) in Vietnam; Korean businesses, representative offices and organizations in Vietnam have decided to help Vietnamese farmers consume agricultural products, the RoK Embassy in Vietnam said on February 13th.

(CPV) - On February 12th 2020, the European Parliament adopted a bilateral free trade agreement with Vietnam by 401 votes in favour EVFTA - the most ambitious trade agreement with a developing country according to the EU definition: after eight years of negotiations, the Free Trade Agreement with Vietnam is coming up to its ratification.

(CPV) - The coronavirus epidemic is spreading further in China and we are aware that it's not just the Chinese economy that is suffering from the spread of the coronavirus. Less consumption, idle factories, broken global supply chains.

About 64 percent of Japanese enterprises plan to continue expansion of their business in Vietnam due to its favourable investment environment.

In January, Hanoi attracted over USD141 million in foreign direct investment, including 68 new projects with registered capital of USD30.2 million, the city Department of Planning and Investment has reported.

Vietnam has planned drastic measures to support exports following the suspension of cross-border trade with China due to the novel coronavirus, known as 2019-nCoV.

Industrial zones in the northern province of Thai Nguyen province have attracted nearly USD8.4 billion and nearly VND14 trillion in investment, creating export value, contributing to the budget and creating a large number of jobs, thanks to administrative reform and investment and business environment improvement.

Japan has been the leading foreign investor in Vietnam. In particular, there have been Japanese investors in Vietnam's economy with a series of large-scale factory projects of big names such as Toyota, Honda, Panasonic, Canon, FujiXerox and Sumitomo.

Vietnam's index of industrial production (IIP) in January declined by 5.5 percent year-on-year and 11.8 percent month on month, according to the General Statistics Office (GSO).

The latest updates from the Foreign Investment Agency revealed that Vietnam invested 3.97 million USD abroad in January, more than three times higher than the same month last year.

Hoa Phat Group, a multi-sectoral conglomerate, reported after-tax profit at over 7.5 trillion VND in 2019, up 13 percent from its target.

The prices of pork and face masks were the centre of discussion at an extraordinary meeting of the steering committee for pricing on January 31st under the chair of its head, Deputy Prime Minister Vuong Dinh Hue.

Vietnam Airlines and Jetstar Pacific have become the latest Vietnamese carriers to change schedules of flights linking the country with China in the face of the acute respiratory disease caused by the novel coronavirus (nCoV).

In January, 7 projects were granted new certificates of investment abroad with a total capital of USD3.8 million from Vietnam.

The Mekong Delta province of Kien Giang will focus on increasing the value and competitiveness of its agriculture produce this year, especially key items such as rice and fisheries, according to the provincial Department of Agriculture and Rural Development.

The VinFast company of the Vingroup has said it plans to roll out various luxury and high efficiency models this year in an attempt to help deal with noise and air pollution in major urban centres.

(CPV) - "Vietnam should be commended for its truly remarkable economic performance in 2019," said IMF Regional Resident Representative for Vietnam and Lao, Mr. Francois Painchaud, in an interview with the Communist Party of Vietnam Online Newspaper.

(CPV) - "Enhancing economic diplomacy is my first priority, also Indonesia’s which was mentioned in the annual press statement of the Indonesian Minister of Foreign Affairs on January 9th 2019," said the Indonesian Ambassador to Vietnam, Mr. Ibnu Hadi in an interview with the Communist Party of Vietnam Online Newspaper.

The Vietnamese Ministry of Industry and Trade (MoIT) has completed a dossier for the ratification of the EU-Vietnam Free Trade Agreement (EVFTA) since early January, and will submit it to the Prime Minister for decision.

The veggie and fruit sector aims to gross 5 billion USD from exports this year on the back of new-generation free trade agreements, the Vietnam Fruit and Vegetable Association (VINAFRUIT) said.

Two years after achieving USD400 billion, the country’s import-export turnover offically reached USD500 billion in late 2019, marking the 4th successive year of trade surplus. The figures are impressive and make remarkable contribution to the country’s economic development in the context of falling import-export turnnover in many countries in the region and the world.

A high-ranking delegation from Vietnam led by Permanent Deputy Prime Minister Truong Hoa Binh is attending the 50th annual meeting of the World Economic Forum (WEF) in Davos, Switzerland, that opened on January 21st.

Over 40 enterprises, policy-making agencies and trade promotion organizations of Vietnam are participating in an electrical and energy equipment fair which opened on January 18th at the India Expo Mart in Uttar Paradesh state of India.

Vietnam is joining the 11th International Plastics Exhibition 2020 (PLASTIVISION INDIA) that opened in Maharashtra state of India on January 16th.

A leader of Ho Chi Minh City on January 17th expressed his hope that the World Bank (WB) will assist Vietnam’s southern economic hub to build an international financial centre.

The first meeting of the ASEAN senior economic officials for the fifty first ASEAN Economic Ministers’ Meeting (SEOM 1/51) was held in Hanoi from January 12th to 14th.

Ford Vietnam has announced an additional investment of USD82 million (over VND1.9 trillion) to expand its automobile factory in the northern province of Hai Duong.