Trade – Investment

Deputy Prime Minister Trinh Dinh Dung hosted a reception in Hanoi on December 20th for Regional Director of the World Bank (WB)'s Infrastructure Department in the East Asia and Pacific Region Ranjit Lamech and WB Country Director in Vietnam Ousmane Dion.

An agreement to provide USD432.239 in non-refundable aid to Vietnam to implement five projects was signed at Consulate General of Japan in Ho Chi Minh city on December 16th.

Vietnam has recorded a surge in cashew nut exports to China despite a decline in shipments of many agricultural products to this neighbouring market.

Remittances to Vietnam are likely to further increase in 2019 because overseas Vietnamese people believe in the stability of the economy and see better investment opportunities, economist Nguyen Tri Hieu said.

Total export turnover of agriculture, forestry and fishery products is expected to reach USD41.3 billion in 2019, a year-on-year rise of about 3.5%, according to the Ministry of Agriculture and Rural Development.

The Vietnamese Government always gives the top priority to oil and gas cooperation projects with Russia, said Prime Minister Nguyen Xuan Phuc at a reception for General Director of Zarubezhneft JSC Sergey Ivanovich Kudryashov in Hanoi on December 13th.

Ho Chi Minh City is prioritising foreign investment into projects on urban infrastructure and environment treatment, said Permanent Vice Chairman of the municipal People’s Committee Le Thanh Liem on December 13th.

Vietnam’s foreign trade turnover is likely to surpass 500 billion USD in 2019, Deputy Minister of Industry and Trade Do Thang Hai said at a press conference in Hanoi on December 12th.

The 2019 Vietnam International Machinery Fair and 2019 Vietnam Supporting Industry Fair opened in Ho Chi Minh City on December 11th, offering opportunities for companies in the manufacturing and supporting industries to compare notes and explore business opportunities.

A meeting was held in Hanoi on December 10th for businesses from Vietnam and China’s Chongqing province to discuss investment opportunities in the fields of refrigeration mechanics, motorbike manufacturing, electronics and metallurgy.

The third Vietnam Coffee Day 2019 opened in Pleiku city, Gia Lai province, on December 9th.

The Ministry of Finance has recently sent Dispatch No.14813/BTC-CST to competent ministries and sectors, suggesting cutting import on chicken and pork products.

(CPV) - Vietnamese overseas remittances to the southern city reached USD4.3 billion as of the end of November 2019, according to Deputy Director of the State Bank of Vietnam's Ho Chi Minh city branch, Nguyen Hoang Minh.

A symposium was held in Hanoi on December 6th to discuss and collect opinions on policy recommendations by development partners of Vietnam for the building of a socio-economic development strategy for the 2021-2030 period.

With a record trade surplus of 9.12 billion USD over the first 11 months and year-on-year export growth of 7.8 percent, experts believe that 2019 will be the fourth straight year Vietnam will post a trade surplus.

The Russian Federal Service for Veterinary and Phytosanitary Surveillance (FSVPS) has announced that it is allowing a further five Vietnamese enterprises to export their seafood products to Russia starting from December 4th, 2019.

Vietnam shipped abroad more than 3.72 million tonnes of crude oil worth over 1.87 billion USD in the first 11 months of 2019, up 3.3 percent in volume but down 8.4 percent in value year-on-year, according to the General Department of Vietnam Customs.

Vietnam’s export turnover of wood and forestry products is forecast to hit USD11 billion in 2019, according to an official from the Vietnam Administration of Forestry (VAF).

Two-way trade between Vietnam and Israel hit around USD899 million in the first 10 months of 2019, with Vietnam enjoying a trade surplus of USD401 million.

The Ministry of Industry and Trade’s Vietnam e-Commerce and Digital Economy Agency has launched an array of programs for Online Shopping Day (Online Friday) 2019, scheduled on December 6th.

The Hanoi Department of Planning and Investment has been asked to advise the city People’s Committee on rolling out its hotline to receive input and handle problems in the process of implementing public investment projects.

Vietnam’s foreign trade is forecast to hit 500 billion USD at the end of 2019, according to the General Statistics Office of Vietnam.

Deputy Prime Minister Trinh Dinh Dung on December 3rd hosted a reception for Vice President of the Japanese International Friendship Exchange Council (FEC) Onoi Yoshiki.

Australia absorbed the highest amount of capital from Vietnam with USD141.3 million, making up 30.8% of the country’s total overseas investment from January to September 2019.

The Ministry of Industry and Trade (MoIT) and the Egyptian Businessmen Association (EBA) on December 2nd held a conference in Cairo to look into the business potential and chances in the field of commodities and logistics, exchanging information, promoting investing and strengthening trade connectivity between the two countries.

A seminar was held in Da Lat city, the Central Highlands province of Lam Dong, on December 2nd to share experience in agriculture, farmers and rural development, within the framework of a friendship exchange between Vietnamese, Lao and Cambodian farmers.

The Ministry of Construction (MoC) has just released its first quarterly report on the domestic real estate market.

Construction of Vietnam's first factory producing mercury-free zinc-manganese battery began on November 29th in the southern province of Binh Phuoc.

Ho Chi Minh City posted a month-on-month rise of 0.52 percent in the consumer price index (CPI) in November, the municipal Statistics Office reported.

The agriculture sector enjoyed a trade surplus of 8.8 billion USD in the first 11 months of this year, 1.5 billion USD higher than the same period last year, according to the Ministry of Agriculture and Rural Development.