Trade – Investment

A workshop to discuss the construction of Ho Chi Minh city into a regional and international financial center was held on July 17th by its People’s Committee.

A business forum between Vietnam and Latvia has been organized in Hanoi in order to enhance cooperation between enterprises.

The Vietnam Chamber of Commerce and Industry (VCCI) and Singapore Business Federation (SBF) have signed a cooperative deal establishing the Vietnam-Singapore Business Council in order to boost bilateral cooperation on trade, investment, and tourism.

The Vinh Tan international sea port in the southern province of Binh Thuan on July 17th received cargo vessel Spring Hummer of Belize, which was the first foreign ship to dock at the port.

The Swiss Agency for Development and Cooperation (SDC) will provide non-refundable aid word CHF365,000 (nearly USD369,000) for the project Remote Sensing-based Information and Insurance for Crops in Emerging Economies - third phase (RIICE 3).

Vietnam is an important trade partner and a strategic destination of businesses from the Republic of Korea (RoK), experts said at a workshop held in Ho Chi Minh city on July 16th.

Vietnam’s tra fish exports to Southeast Asian countries were worth USD87.3 million in the first five months of the year, a year-on-year increase of 14.6 percent, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Fifty-one investors have been selected in the preliminary bidding for seven public-private partnership (PPP) projects for the North-South Expressway.

(CPV) - The 21st International Leather and Shoes Exhibition attracted nearly 700 domestic and foreign producers, and suppliers from 32 countries and territories such as China, India, the Republic of Korea, Pakistan, Brazil and more.

Low-cost airline Vietjet Air is among 50 Vietnamese companies winning the ‘Best companies to work for in Asia’ award presented by Asia's leading human resource magazine - HR Asia Magazine.

The Japanese-based conglomerate Kyocera group considers Vietnam as one of its two most important production hubs in Asia and plans to expand its operation in the market, affirmed Yasunobu Sanda who oversees the company Japanese and Asian sections.

About VND745.4 trillion (USD32 billion) was collected for the State budget in the first half of 2019, equivalent to 52.8 percent of the year’s target and up 13.2 percent year on year, according to the Ministry of Finance (MoF).

Five Vietnamese companies are among the 300 largest and fastest-growing businesses in Asia, according to Nikkei Asia Review's exclusive ranking.

Vietnam’s export turnover from leather products and footwear is estimated to hit USD21.5 billion in 2019, a year-on-year rise of 10 percent, said the Vietnam Leather, Footwear and Handbag Association (LEFASO).

Economists have forecast that the Vietnamese economy could grow by 6.86 percent this year, higher than the 6.6 – 6.8 percent set by the National Assembly.

The Department for Economic Zones Management under the Ministry of Planning and Investment (MPI), and the Swiss Federal Department of Economic Affairs, Education and Research have signed a cooperation deal on eco-industrial park (EIP) development in Vietnam.

A trade facilitation programme worth over USD21.7 million funded by the United States Agency for International Development (USAID) was launched in Hanoi on July 10th.

Vietnamese producers of natural and environmentally friendly gift and handicraft products are exhibiting their wares at a fair that opened in Singapore on July 10th.

The first edition of the White Book on Vietnamese Businesses was launched at a ceremony in Hanoi on July 10th.

Seafood exports to the EU, the US and Japan will see satisfactory results in the second half of the year, especially shrimp, after the EU-Vietnam Free Trade Agreement (EVFTA) takes effect, said the Vietnam Association of Seafood Exporters and Producers (VASEP).

The Dong Dang International Railway Station in Cao Loc district, the northern border province of Lang Son, was recognized as a tourist site in a ceremony held on July 8th.

The Nam Lanh-Muong Po auxiliary border gates connecting the northwestern mountainous province of Son La’s Sop Cop district with Muong Son district of Laos’ Houaphanh province were inaugurated on July 9th.

Industrial zones (IZ) and economic zones (EZ) absorbed about 340 foreign-invested projects in the first half of the year with newly-registered capital of about USD8.7 billion, according to the Ministry of Planning and Investment’s Economic Zones Management Department.

The southern province of Binh Duong attracted USD1.3 billion in foreign direct investment (FDI) in the first half of 2019, according to the provincial People’s Committee.

The Prime Minister has recently given green light to the project on strengthening State management over the circumvention of trade remedies, and fraudulent acts of origins.

The forestry sector has been demanded to take measures to achieve the exports target of USD11 billion for this year.

Vietnam is likely to earn USD10 billion from exporting aquatic products in 2019, according to the Directorate of Fisheries under the Ministry of Agriculture and Rural Development.

More than 200 foreign firms attended a conference to promote investment in Vietnam in London on July 4th, which was chaired by Minister of Finance Dinh Tien Dung.

Chairman of the Ho Chi Minh City People’s Committee Nguyen Thanh Phong had a meeting on July 4th with Ambassador of the United Arab Emirates (UAE) to Vietnam Obaid Saeed Al Dhaheri to discuss cooperation opportunities between the two sides, especially in economy.

The Hanoi Stock Exchange (HNX) began on July 4th the trading of five-year Government bond futures contract, a new product in the derivatives market.