Trade – Investment

The Military Industry and Telecoms Group (Viettel), FPT Corporation, Vietnam Posts and Telecommunications Group (VNPT) are among the top 10 reputable technology companies of 2024, which were freshly unveiled by the Vietnam Report JSC on June 21.

The State Bank of Vietnam (SBV) organized an online conference to promote credit growth on June 19.

With the existing five undersea fiber optic cable lines, by 2030, at least 10 new undersea fiber optic cable lines will be put into operation, bringing the total number of Vietnam’s undersea fiber optic cable lines to 15, with minimum capacity of 350 TeraBytes Per Second (Tbps).

Industrial production of the northern province of Bac Ninh in the second quarter of 2024 has significantly improved, with the added value of the entire industrial sector estimated to increase by 9.89%.

Vietnamese agricultural product exports to Russia increased by 48.7% in the first five months of 2024, of which coffee, seafood, cashew nuts and vegetables are the products most imported by the market.

After 10 years of implementing Directive 40-CT/TW, tens of thousands of poor households and other policy beneficiaries in disadvantaged areas and ethnic minority areas have been facilitated to develop production, increase income, stabilize life, contributing significantly to the goal of sustainable poverty reduction and successful construction of new rural areas in many localities.

Khanh Hoa Bird’s Nest Company’s products have been exported to nearly 30 countries and territories, with a cumulative export value reaching millions of USD.

A set of lychee-shaped stickers with many different funny expressions in Thai language helps introduce the unique flavor of Vietnamese lychees to Thai consumers.

(CPV) - For Russia, Vietnam has always been an important partner in Southeast Asia. Vietnam is the first and only country in the region to have a free trade agreement with the Eurasian Economic Union. Currently, the Russian Government is trying to solve existing problems in transportation and logistics to increase trade turnover with Vietnam.

President of the Vietnam Farmers’ Union (VFU) Luong Quoc Doan led a delegation from the association to pay a working visit to Cuba from June 8 to 14 at the invitation of the Cuban National Association of Small Farmers (ANAP).

Petrovietnam managed to achieve high growth across all financial indicators despite negative impacts caused by dropping crude oil prices on its production and business activities in May.

Prime Minister Pham Minh Chinh requested that State-owned enterprises (SOEs) play the pioneering role in innovation, application and mastery of science and technology in the Industry 4.0, and in international integration and effective foreign investment while meeting with executives from over 150 major SOEs on June 15.

Prime Minister Pham Minh Chinh on June 15 required restructuring in terms of organisation, administration, finance, and input materials at enterprises in the construction materials industry towards their sustainable development.

The Da Nang Port Joint Stock Company has started operating a new container yard on 37,000sq.m after two years of construction at its Tien Sa Port, providing space for 110,000 TEUs (twenty-foot equivalent units) and increasing capacity at the port.

Tu Ky district in the northern province of Hai Duong recently held a festival to introduce and honor the value of local organic rice being grown in sand worm fields. This is another effort to enhance the value of these products, expand their market, and promote the potential for eco-tourism development in the province.

Vietnam exported 11,176 tonnes of cinnamon, worth for 31.1 million USD in May, up 75% in volume and 63% in value month-on-month.

Customers accept new levels of apartment prices in Hanoi after surging in the past months, according to OneHousing, a site trading property products and other real-estate-related services.

Chairman of the Hanoi People’s Committee Tran Sy Thanh has just signed a plan to complete the targets of the Resolution of the 17th Hanoi Party Congress.

Vietnam is the second largest supplier of canned tuna for the US market, accounting for 16% of the country’s total import volume, after Thailand.

The Ministry of Transport has proposed the Prime Minister that the State-owned Airports Corporation of Vietnam (ACV) be in charge of drawing up plans for the next phase of the Long Thanh International Airport project.

Sustainable development has become an inevitable trend so enterprises need to build and disclose information about the issue to increase their value and optimise the benefits of sustainable business, experts said.

Vietnam has transformed itself to emerge as a major global production hub capable of supplying a wide range of products at competitive prices and with improving quality, Deputy Minister of Industry and Trade Phan Thi Thang said at the Export Forum on Connecting International Supply Chains in Ho Chi Minh City on June 6.

The fifth mango festival will be organized on June 8 and 9 in Yen Chau district, in the northern mountainous province of Lai Chau.

Seafood export turnover reached 3.6 billion USD in the first 5 months of 2024, up 6.5% over the same period in 2023, according to the Vietnam Association of Seafood Exporters and Producers.

Vietnam shipped 1.44 million tonnes of rice to the Philippines between January 1 and May 23, accounting for 72.9% of the latter’s total rice imports and making Vietnam the largest rice exporter to the island state, according to the Vietnam Trade Office in the Philippines.

(CPV) - Vietnam's durian exports to China increased by 655% and even those to Thailand increased by 82% over the same period last year.

The Canada - Vietnam Chamber of Commerce recently held a conference in Montreal city to introduce medical researches and the medical technology companies planning to access the Vietnamese market.

Prime Minister Pham Minh Chinh attended the signing ceremony of a credit contract worth 1.8 billion USD for the component project 3 of the Long Thanh international airport investment and construction project's Phase I invested by the Airports Corporation of Vietnam (ACV) in Hanoi on June 1.

The State Bank of Vietnam (SBV) has demanded credit institutions to deliver a system-wide credit growth target of 5-6% by the end of the second quarter this year, and reduce lending rates by 1-2%.

(CPV) - From 2022, because there are no longer poor districts or particularly difficult communes, the northern province of Ninh Binh is no longer on the list of localities that benefit from the central budget in the national target program on sustainable poverty reduction.