Trade – Investment

(CPV) - The international exhibition on water supply, sanitation, water resources and purification (Vietwater) will attract the participation of more than 400 exhibitors from 38 countries and territories.

Vietnam is a bright spot in foreign direct investment (FDI) attraction in Southeast Asia, said Sam Cheong Chwee, Executive Director and Head of United Overseas Bank (UOB) Group’s Foreign Direct Investment Advisory Unit at UOB.

The Vietnam National Coal and Mineral Industries Holding Corporation Limited (Vinacomin) recorded a high growth of 14 percent in the first nine months of 2019, the highest level in the industrial sector.

As many as 108 businesses in Ho Chi Minh city are honored for typical products and services in 2019 with 147 products and services, said the city business association in a launch ceremony held on October 9th.

Overseas remittances to Ho Chi Minh city through commercial banks and economic organizations were estimated at USD3.8 billion in the first nine months of the year, a year-on-year rise of 7%.

(CPV) - The 13th Asia-Europe Meeting (ASEM 13) Customs Directors-General and Commissioners Meeting affirms the initiative of Vietnam Customs in contributing to orientation for Asia - Europe customs cooperation activities; helping create regional connectivity and cooperation in the context of the industrial revolution (IR) 4.0.

“Developing Ho Chi Minh city into the financial center of the region and the world” is the theme of the Ho Chi Minh City Economic Forum 2019, scheduled on October 18th.

The World Economic Forum (WEF) has ranked Vietnam as the 67th most competitive economy in its latest report released on October 9th.

(CPV) - “Credit policy for poor households is one of the bright spots in poverty reduction policies”. This comment shows the significance of the 17-year operation of generations of officials of Vietnam Bank for Social Policies (VBSP).

In September, Singaporean investors registered 17 new projects in Ho Chi Minh city with a total capital of more than USD120 million.

Vietnam International Furniture Fair (VIFF) 2019 will be held from November 27th to 30th in Ho Chi Minh city with the participation of more than 300 Vietnamese exhibitors along with those from Taiwan (China), Japan, France and the Republic of Korea.

Commercial banks are expected to lower lending interest rates after getting more support to cut input costs from the State Bank of Vietnam (SBV)’s agencies this week.

Chairman of the Ho Chi Minh City People’s Committee Nguyen Thanh Phong received a delegation of the new heads of Vietnam’s overseas representative agencies for 2019-2022 on October 4th.

(CPV) - The Hanoi Stock Exchange on September 30th organized a government-guaranteed bond auction session issued by the Vietnam Bank for Social Policies (VBSP).

Ho Chi Minh city’s Industrial Production Index (IPI) increased 7.26% in the Jan-Sept period, according to the city Statistics Office.

The 13th Asia-Europe Meeting (ASEM) Customs Directors-General and Commissioners Meeting is scheduled to take place in Ha Long city in northeastern Quang Ninh province from October 9th-10th.

Ho Chi Minh City promises to create favourable conditions for foreign enterprises, including those from the UK, to make long-term investment in the city, a municipal official said on October 3rd.

(CPV) - The 19th Vietnam International Plastics and Rubber Industry Exhibition (VietnamPlas 2019) is being held from October 3rd-6th at Saigon Exhibition & Conference Center (SECC).

Economists are upgrading their growth projections for Vietnam after the latest data showed the economy surged more than 7 percent in the third quarter, according to Bloomberg.

(CPV) – Italy attaches great importance to the Vietnamese market and considers the country among its three strategic markets in Asia, said Italian Ambassador to Vietnam Antonion Alessandro at an event in Hanoi, on October 1st.

(CPV) – The Vietnam Bank for Social Policies (VBSP) carried out credit programs with timely and effective disbursement of capital in the Jan-Sep period of 2019.

As many as 26 export commodities bagged more than USD1 billion each, equivalent to 89.8% of Vietnam’s total export turnover, said the Ministry of Industry and Trade on September 30th.

Ho Chi Minh city is expected to welcome more German investors to invest in and further boost the cooperative relations in various fields where the city has need such as: technology, education, green energy and sustainable development.

Close to 102,300 enterprises were established in the first nine months of this year with a combined registered capital exceeding VND1.29 quadrillion (USD55.47 billion), up 5.9 percent and 34 percent, respectively, from a year ago.

Vietnam lured USD26.16 billion of newly-registered and added capital, capital contributions and share purchases of foreign investors from January to September 2019, a year-on-year rise of 3.1%, according to the Ministry of Planning and Investment’s Foreign Investment Agency.

Vietnam’s trade balance of goods in September 2019 saw an estimated surplus of USD500 million, bringing the figure for the Jan-Sep period to more than USD5.8 billion, a year-on-year decrease of 9.6%, according to statistics of the General Department of Customs.

Vietnam’s GDP expanded 6.98 percent in the January-September period, the highest nine-month growth rate over the past nine years, said General Director of the General Statistics Office (GSO) Nguyen Bich Lam on September 28th.

The consumer price index (CPI) in September rose 0.32 percent over the previous month, said General Director of the General Statistics Office (GSO) Nguyen Bich Lam.

(CPV) - The goods supply and demand connection conference between Ho Chi Minh city and 45 provinces and cities in 2019-2020 attracted the participation of 2,341 businesses operating in various fields.

An online conference to promote Vietnam-China trade and introduce the 2019 Guangzhou Fair (Canton Fair) was co-organized by the Vietnam Chamber of Commerce and Industry (VCCI) and the Ministry of Trade of China in Hanoi, on September 26th.