Trade – Investment

The “Enhancing trade cooperation of Vietnam with CEE and Eurasia” forum was jointly held by the State Bank of Vietnam (SBV) and the International Bank for Economic Cooperation (IBEC) in Hanoi on November 27th.

As of November 20th, newly-registered and added capital, capital contributions and share purchases of foreign investors in Vietnam totaled USD31.8 billion, a year-on-year rise of 3.1%, according to the Ministry of Planning and Investment’s Foreign Investment Agency.

The second “Vietnamese people prioritizing the use of Vietnamese goods” fair in Bac Ninh will be held from December 17th to 24th at the square of Kinh Bac Culture Center.

A forum was held at the Singapore Exchange (SGX) on November 25th to help Vietnamese businesses connect with the Singaporean market and seek potential partners here.

The garment industry has called for investment in the underdeveloped textile, dyeing and fabric segments to meet the global supply chain demand, according to the Vietnam Textile and Apparel Association (VITAS).

There is still much untapped potential for cooperation in agriculture, aquaculture and food processing between Vietnam and Cambodia, Oknha Leng Rithy, a senior advisor to the Cambodian Government, told a seminar in Ho Chi Minh City on November 22nd.

Vietnam’s gross domestic product (GDP) is forecast to expand 7 percent during 2021-2025 on the back of new-generation free trade agreements, according to the Ministry of Planning and Investment’s National Centre for Socio-Economic Information and Forecast (NCEIF).

There will be no limits on the amounts of sugar imports into Vietnam from member states of the Association of Southeast Asian Nation (ASEAN), beginning next year.

Vietnam now ranks 7th among 50 countries and territories investing in Myanmar with total registered capital of more than USD2.16 billion in 25 projects, according to the General Department of Investment and Enterprise Management of Myanmar.

The first Vietpresso competition, which was within the framework of the Vietnam Foodexpo 2019, took place at the Saigon Exhibition and Convention Centre in District 7, Ho Chi Minh city.

About 78 percent of surveyed enterprises showed their satisfaction with tax administrative reforms in 2019, up 3 percent compared to 2016.

Two districts and one town in Hanoi registered for new rural standards in 2019 and four districts register for 2020. The city is also promoting the implementation of the One Commune One Product (OCOP) program.

The Soc Trang-based ST24 rice variety was honoured as having the best flavour in the world, as it received the World’s Best Rice 2019 award at the 11th Annual World’s Best Rice Contest in the Philippines on November 12th.

As many as 500 Vietnamese and Russian enterprises have registered to attend the Expo Vietnam – Russia 2019, which will take place at the National Exhibition Construction Centre in Hanoi from November 14th-16th.

(CPV) - Standing Deputy Prime Minister (PM) Truong Hoa Binh highly hailed the position and potential of Germany’s state of Hessen. The state plays an important role in promoting economic and trade cooperation between the two countries.

The fourth Vietnam Rice Festival will take place in the Mekong Delta province of Vinh Long from December 13th to 19th under the theme ‘Agricultural Sustainable Development – Farmers – Rural Areas in Vietnam’, heard a press conference on November 12th.

The International Pepper Conference 2019 opened in Vung Tau city, the southern province of Ba Ria-Vung Tau, on November 12th, drawing 400 delegates from Vietnam and 25 other member countries of the International Pepper Community.

(CPV) - In Viet Nam, 11 Business Associations have officially signed the Business Integrity Pledge to uphold the core values of integrity, ethical behavior, and accountability.

The 48th ASEAN Senior Transport Officials Meeting (STOM 48) and Associated Dialogue Partner Meetings kicked off in Hanoi on November 11th.

Deputy Prime Minister (PM) Trinh Dinh Dung and Chairman of the Republic of Korea’s Presidential Committee on the New Southern Policy Joo Hyung Cheol have agreed to boost investment and trade activities to achieve USD100 billion of bilateral turnover in 2020.

Vietnam is the fifth biggest supplier for wooden furniture to Germany in the first 7 months of 2019, worth USD86.2 million, a year-on-year rise of 8.4%; according to the Ministry of Industry and Trade.

As many as 706 enterprises, 85 percent of 832 listed companies on the Vietnamese stock market, generated profits during the third quarter of this year.

The Vietnam – Republic of Korea (RoK) business summit took place in the central province of Quang Nam on November 9th, discussing policies and orientations for bilateral cooperation in startups, innovation, and technology development.

Vietnam shipped to Taiwan (China) 14,200 tonnes of tea for over 22.5 million USD between January and September.

The US attaches special importance to developing cooperative ties with Vietnam in different fields, visiting US Secretary of Commerce Wilbur Ross told Minister of Industry and Trade Tran Tuan Anh.

Vietnam’s national brand in 2019 was valued at 247 billion USD by Brand Finance, up 12 billion USD compared to 2018.

A Vietnam Day was held as part of the 2019 Havana International Trade Fair (FIHAV), which is taking place in Cuba from November 4th-8th.

The Ministry of Finance inked a cooperation framework to strengthen infrastructure finance with the US Department of the Treasury in Hanoi on November 6th.

Politburo member and Chairman of the Party Central Committee’s Economic Commission Nguyen Van Binh on November 5th hosted a reception for Morten Baek, Permanent Secretary at the Danish Ministry of Energy, Utilities and Climate.

A Vietnamese business delegation, led by Minister of Planning and Investment Nguyen Chi Dung, is attending the second China International Import Expo (CIIE) 2019, which opened in Shanghai on November 5th.