Trade – Investment

Vietnam has successfully exported fresh longan fruit to strict markets such as the US,Japan, the Republic of Korea, the EU and Australia and met the food safety and hygiene.

Economic ties between African and Middle Eastern countries and Southeast Asia in general, Vietnam in particular is still constrained, said Deputy Prime Minister and Foreign Minister Pham Binh Minh at the two-day conference "Meet Ambassadors from the Middle East and Africa 2019" held by the Ministry of Foreign Affairs from September 9th to 10th in Hanoi.

The Binh Tien Imex Corp., Pte., Ltd (Biti’s) on September 7th launched its first official store in Phnom Penh, Cambodia, marking its official presence on the market.

Export revenue of aquatic products in August was estimated at USD833 million, bringing the result for the first eight months of this year to USD5.52 billion, a drop of 1.2 percent over the same period last year.

A conference to call investment in infrastructure of culture, sports, tourism and entertainment in Ho Chi Minh city and the Mekong Delta has been held in the southern hub.

Da Nang and the World Bank (WB) signed a memorandum of understanding on strategic connectivity in the 2019-2025 periodon September 6th in the central city.

Many small- and medium-sized enterprises (SMEs) in Japan’s Kanagawa prefecture want to invest in Vietnam, Governor Yuji Kuroiwa said at in investment promotion forum held in Yokohama on September 6th.

The second component of Phase 1 of the Duong River surface water plant was inaugurated in Hanoi on September 5th, capable of supplying 300,000 cubic metres of clean water for 3 million people in the capital.

On September 4th, MB Cambodia Bank, a subsidiary of Military Commercial Joint Stock Bank (MB), opened a new headquarters and a new branch in Cambodia’s capital Phnom Penh.

Vietnam encourages businesses from the Republic of Korea (RoK) to make investment in specialized industrial parks targeting Korean firms and Vietnamese small- and medium-sized enterprises.

Ho Chi Minh city received about USD3.45 billion in remittances sent back home by overseas Vietnamese in the first eight months of 2019, a year-on-year increase of 8 percent, according to the State Bank of Vietnam (SBV)’s HCM city Branch.

Forbes Asia has announced 200 best companies with revenue of more than USD1 billion in the Asia-Pacific, in which Vietnam has seven names, including Masan Group, The Gioi Di Dong (Mobile World), Sabeco, Vietjet Air, Vinamilk, Techcombank and Vingroup.

Vietnam posted a total export value of USD169.98 billion in the first eight months of this year. Of the export staples, five commodities registered an export value of over USD10 billion.

Mangoes have become the next Vietnamese fruit to be exported to Chile, following dragon fruit.

From September 1st, the European Union (EU) began strict phytosanitary inspections on agricultural imports, including those originating from Vietnam, according to the Plant Protection Department.

The 16th International Autotech & Accessories Show 2019, themed “Autotech – Automation”, will take place in Hanoi from September 4th – 7th with nearly 200 pavilions.

The industrial production index in the first eight months of 2019 saw good growth of 9.5 percent year on year, according to figures released by the General Statistics Office (GSO).

For this Mid-Autumn Festival, which falls on September 13th this year, many mooncake brands are increasing their output and varieties and focusing on environment-friendly packaging.

Vietnam enjoyed a trade surplus of USD1.7 billion in August, which brought the trade surplus for the January-August period to USD3.4 billion, according to the General Statistics Office (GSO).

Auditor General of the State Audit Office of Vietnam (SAV) Ho Duc Phoc on August 30th met with officials of the UN Development Programme (UNDP) in New York to exchange experience in auditing Sustainable Development Goals (SDGs) and discuss cooperation possibility.

Officials of the State Audit Office of Vietnam (SAV) and the World Bank (WB) have discussed cooperation in the fields of shared concern at a recent meeting that was part of the SAV delegation’s working visit to the US from August 27th to 30th.

Vietnamese businesses have invested nearly USD440 million abroad since the beginning of this year, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

Vietnam recorded USD22.63 billion of foreign direct investment (FDI) registered in the first eight months of 2019, equivalent to 92.9 percent of the figure in the same period last year, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

As many as 260 businesses joined the 2019 Guangdong (China) Import and Export Fair to seek cooperation opportunities on trade, investment and tourism, said Deputy Minister of Industry and Trade Do Thang Hai.

(CPV) - With consumer price index (CPI) in August rising by 0.28% from the previous month, the average index in the Jan-Aug period increased by 2.57% from the same period last year, the lowest rise seen in the last three years, according to the General Statistics Office (GSO).

(CPV) – Hanoi absorbed the most FDI capital in the Jan-Aug period with USD5.66 billion, accounting for 25% of the total, followed by Ho Chi Minh city with USD3.86 billion, making up 17%, according to the Ministry of Planning and Investment’s Foreign Investment Agency (FIA).

(CPV) - A loan agreement worth USD45 million to improve transport infrastructure in the central city of Da Nang was signed between the Ministry of Finance and the OPEC Fund for International Development (OFID) on August 28th.

Minister of Agriculture and Rural Development Nguyen Xuan Cuong had a meeting with Australian Senator and Minister for Agriculture Bridget McKenzie in Hanoi on August 29th, where they discussed measures to boost agricultural cooperation.

Agro-forestry-fishery export turnover reached USD26.58 billion in the Jan-August period, a year-on-year rise of 1.6%, in which 8 commodity groups earned value of more than USD1 billion, according to the Ministry of Agriculture and Rural Development.

With the aim of increasing trade promotion activities and expanding international trade relations, and promoting transactions between Vietnamese retailers and Russian manufacturers and suppliers, the Association of Vietnamese Retailers organized the Vietnam - Russia trade connection program.