Trade – Investment

Building a positive company culture is not only building a business brand and a national image, but an effective bridge for local enterprises to sustain development and integrate successfully into the global economy.

Secretary of the Ho Chi Minh city Party’s Committee Nguyen Thien Nhan on August 5th hosted a reception for German investors who visited to explore investment opportunities in the southern hub of Vietnam.

The northern mountainous province of Son La held a ceremony in Song Ma district on August 3rd to open the Song Ma Longan Festival and announce the export of 60 tonnes of longan to China and other countries.

Vietnamese beer along with traditional dishes and craft products have been on display at the 23rd International Berlin Beer Festival which began on August 2nd in the capital of Germany.

Foreign investors in the southern province of Dong Nai disbursed more than USD860 million in the first seven months of 2019, 7 percent higher than the yearly target.

The agro-forestry-fishery sector raked in USD3.55 billion from exports in July, raising the total value in the first seven months of this year to USD23.03 billion, up 2 percent year on year, the Ministry of Agriculture and Rural Development has reported.

The country had 79,300 newly-established businesses with a combined registered capital of VND999.4 trillion (USD42.97 billion) in January - July, representing year-on-year increases of 4.6 percent and 29.6 percent, respectively.

China approved investment projects and merger & acquisition deals worth USD2.45 billion in the first seven months of this year, ranking third among foreign investors in Vietnam, said a Chinese official.

Hanoi Gift Show 2019 will feature 650 booths of handicraft products, the municipal Department of Industry and Trade announced at a press conference on July 31st.

The Republic of Korea (RoK) has agreed to cooperate with Vietnam in sharing experience in mobilising private investments for infrastructure development.

(CPV) - The EU is now the second biggest export partner of Vietnam with major commodities being textiles and leather shoes, mobile phones, computers, and agricultural products.

Vietnam and Malaysia have signed an agreement on a five-year action program from 2015 to 2020 with the goal of bringing bilateral trade turnover to USD15 billion in 2020.

(CPV) - The Consumer Price Index (CPI) in July grew 0.18% from the previous month and the index in the Jan-July period rose by 2.61% from the same period last year, marking the lowest seven-month average over the past three years, according to the General Statistics Office (GSO).

Vietnamese enterprises received investment licences for 90 projects worth USD180.1 million in 30 countries and territories in the first seven months of this year, according to the Ministry of Planning and Investment.

Vietnam recorded a trade surplus of USD1.8 billion in the first seven months of the year, according to the General Statistic Office of Vietnam.

The Lotte Duty Free Company of the Republic of Korea on July 28th opened a duty-free store at the Noi Bai International Airport.

Vietnamese Ambassador to Russia Ngo Duc Manh on July 26th had a working session with First Governor of Russia’s Far Eastern region of Primorye Vera Shcherbina, discussing measures to promote collaboration in economy-trade between the Russian locality and Vietnamese businesses.

The State Treasury disbursed a total of VND107.7 billion (USD4.6 million) as investments in the first half of 2019, equivalent to only 29.7 percent of the set target.

Vietnam’s shipping fleet with more than 1,560 vessels and a total capacity of 7.8 million DWT is ranked fourth in ASEAN and 30th in the world, according to the United Nations Conference on Trade and Development (UNCTAD).

The value of merger and acquisition (M&A) deals in Vietnam is forecast to reach about USD6.7 billion in 2019, equivalent to 88.16% of last year, according to data released on July 23rd by the AVM Vietnam, a co-organizer of the Vietnam M&A Forum 2019.

The 10th Vietnam International Advertising Equipment and Technology Exhibition (VietAd 2019) is being attended by 150 exhibitors from 10 countries and territories.

(CPV) - The “Blue Swallow 2019” drive large-scale change by focusing on seeking and supporting business initiatives that address challenges in the areas of: Sustainable Agriculture, Environment and Climate Change, Sustainable Tourism, Women empowerment , and Inclusive Business.

Vietnam raked in USD221.47 million from exporting over 28,000 tonnes of cashew nut to China in the first half of this year, up 24.8 percent in value and 53.2 percent in volume year-on-year, according to the General Department of Customs.

Auditor General of the State Audit of Vietnam (SAV) Ho Duc Phoc had a meeting with Auditor General of the Chinese National Audit Office (CNAO) Hu Zejun on July 22nd in the framework of the 54th Asian Organisation of Supreme Audit Institutions (ASOSAI) Governing Board Meeting in Kuwait.

(CPV) - Total garment and textile export turnover in the first half of the year reached USD17.97 billion, a year-on-year rise of 8.61%, reported the Vietnam Textile and Apparel Association.

(CPV) - A memorandum of understanding (MoU) to carry out the smart ticket card system for public transport has been signed between the British Consulate General in Ho Chi Minh city and the city Department of Transport.

The northern mountainous province of Lao Cai will sign cooperative deals with 11 partners for a total capital of USD5.3 billion and grant eight investment decisions for projects.

Northern Son La province launched ‘Son La Longan and Safe Farm Produce Week 2019’ at Big C Thang Long, Hanoi, on July 19th./.

Ho Chi Minh City posted an economic growth rate of 7.86 percent year-on-year in the first half of the year to VND611.5 trillion (USD26.3 billion).

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has been named the best bank of Vietnam in 2019 by Euromoney.