Trade – Investment

The Government Office signed a memorandum of understanding on administrative reform cooperation with the UK’s Foreign and Commonwealth Office and Department for Business, Energy and Industrial Strategy in Hanoi on August 28th.

(CPV) - Samsung pledged to accompany the Ministry of Industry and Trade to support and train high-quality human resources for the supporting industries of Vietnam in the upcoming time.

The Vietnam Trade Office in Australia is working to help Vietnamese longan exporters to obtain an import licence from the Australian Government as soon as possible.

(CPV) - From the start of the year to August 15th, Vietnam's export and import turnover reached about USD311 billion, with trade surplus hitting nearly USD3 billion, according to preliminary statistics of the General Department of Customs.

The US Department of Commerce (DOC) on August 22nd released the final results of the 13th period of review (POR 13), officially imposing zero percent tariffs on 31 Vietnamese shrimp exporters.

US firms have inked three memorandum of understanding (MoU) on investment in hi-tech and information technology in the central city of Da Nang during a recent working trip to the US and Canada by Chairman of the municipal People’s Committee Huynh Duc Tho.

The Vietnam Startup Day 2019 is underway in Ho Chi Minh City from August 23rd – 24th, attracting nearly 200 projects and hundreds of domestic and foreign investors from the US, Canada, Australia, the UK, Singapore, the Republic of Korea, Thailand, Malaysia and Nepal.

General Secretary of the Communist Party of Vietnam Central Committee Nguyen Phu Trong has signed a resolution on orientations to perfect institutions and policies to enhance the quality and efficiency of foreign investment cooperation through 2030.

(CPV) - Japan’s JX Nippon Oil & Gas Exploration Corp (JX NOEX) wishes to continue investing in Vietnam for the long term, not only in oil and gas operation and exploitation, but also in various other fields, said President and CEO of the Corp Hiroshi Hosoi in a meeting with Vietnamese Deputy Prime Minister Trinh Dinh Dung on August 21st.

A conference to discuss important engagements in agriculture and things to note with EU - Vietnam Free Trade Agreement (EVFTA) was co-organized by the Ministry of Industry and Trade and Ministry of Agriculture and Rural Development on August 21st, in Ho Chi Minh city.

(CPV) - By the end of July 2019, Vietnam imported 86,969 CBU (completely built-up) autos of all kinds, a nearly 4.6 fold increase from the same period last year, according to the General Department of Customs.

Prime Minister Nguyen Xuan Phuc has signed a decision approving a list of 93 State-owned enterprises which will be equitised from now to the end of 2020.

(CPV) – Vietnam – Uruguay export and import turnover in 2018 totaled USD140 million, a year-on-year rise of 19%. Of this, Vietnam’s exports to Uruguay were valued at USD82 million, while import turnover reached USD58 million.

Prime Minister Nguyen Xuan Phuc received Philippe Le Houerou, CEO of the International Finance Corporation (IFC) – a member of the World Bank (WB) Group, in Hanoi on August 15th.

The food and beverage industry accounts for 15% of Vietnam’s GDP with an average growth rate of about 7% a year, according to the Ho Chi Minh city Food and Foodstuff Association.

The 11th Vietnam Manufacturing Exhibition and the 8th Vietnam-Japan Supporting Industries Exhibition opened in Hanoi on August 14th, showcasing latest technologies and modern machinery in the manufacturing and support industries.

A total of 42 businessmen have been licenced to export rice after the Government’s Decree 107 issued on August 15th last year on rice export took effect.

Vietnam’s export turnover of garment-textile and leather shoes during January-July grew 10.5 percent year-on-year to USD18.34 billion, said the Ministry of Industry and Trade (MoIT) said.

The Ministry of Industry and Trade would not adjust its import and export goals despite current difficulties.

Vietnam’s cement and clinker exports are well on track to fulfil the target set for the whole year with a positive turnover of nearly USD750 million seen in the first seven months, statistics from the General Department of Vietnam Customs showed.

The Government’s foreign debts have been declining sharply and under the Government’s control, Deputy Prime Minister Vuong Dinh Hue said while chairing a meeting with leaders of some ministries, sectors and the National Financial Supervisory Commission in Hanoi on August 9th.

(CPV) - Exported rice in July reached 651,000 tons, valued at USD285 million; bringing the volume for the Jan-July period to 4.01 million tons with a value of USD1.73 billion; up 2.1% in volume but down 14.3% in value, according to the Ministry of Agriculture and Rural Development.

Over 400 corporate executives, economists, financial and technological experts at home and abroad gathered at the Vietnam CEO Summit 2019 which took place in Hanoi on August 8th.

Vietnam resolutely prevents and strictly handles trade and origin frauds in the domestic market as well as export-import activities in a bid to protect legitimate interests of local businesses and consumers, Foreign Ministry spokesperson Le Thi Thu Hang said on August 8th.

(CPV) - Bun, pho; beverage; snacks; spices and fresh fruits are the Vietnamese products selected for the Vietnamese Goods Week in Thailand, scheduled from September 18th to 22nd.

The Mekong Delta absorbed 1,609 FDI projects with a total capital of USD22.3 billion in the first half of 2019, said Ms. Huynh Thien Trang, Deputy Director of VCCI in Can Tho, at a conference with importers from Singapore and other countries on August 6th.

(CPV) - From August 2019, Mytel’s customers (Viettel’s brand in Myanmar) are able to experience 4K VR and Video technology over 5G network.

Viettel Post and Hanoi Railway Transport Joint Stock Company have recently put a high-speed container train from the North to South into operation with a duration of only 40 hours, instead of 60-65 hours.

Imports of Vietnam’s commodities in the Jan-July period were valued at USD143.34 billion, a year-on-year rise of 8.3%, according to the General Statistics Office.

During the third Ngoc Linh Ginseng Festival in early August, local people in Nam Tra My district, the central province of Quang Nam, earned about VND10 billion, said the organizers.