Trade – Investment

The Truong Hai Auto Corporation (THACO) inaugurated a plant manufacturing cars for luxury European brands and debuted the Peugeot Traveller model in the central province of Quang Nam on May 5th.

Subsidiaries of the Vietnam National Coal and Mineral Industries Group (Vinacomin) churned out a total 14.86 million tonnes of crude coal in the first four months of 2019, a year-on-year rise of 11 percent, the group said on May 3rd.

The Ministry of Industry and Trade (MoIT) has worked out comprehensive solutions to expand and seek more export markets for Vietnam’s goods, towards fostering the country’s export, especially to member nations of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

The State Bank of Vietnam (SBV) bought USD8.35 billion from credit institutions between the beginning of this year and April 17 to build up the nation’s foreign reserve.

Vietnamese tra fish exporters are confident that their business will continue to thrive in the coming time despite facing anti-dumping duties and expansion of farming areas in many rival countries.

The Red River Delta province of Hai Duong is expected to harvest about 35,000-40,000 tonnes of litchi in 2019.

In the first three months of the year, exports of Vietnamese commodities to CPTPP countries increased by 22.5% from the same period last year, in which 90% were exported to Canada and Mexico.

(CPV) - The bilateral relation between Indonesia and Vietnam have increased significantly since the signing of the Strategic Partnership Agreement in 2013. The total volume of bilateral trade gained USD8.45 billion in 2018 respectively.

The industrial production index (IPI) for the first four months of this year increased by an estimated 9.2 percent year on year, according to the General Statistics Office (GSO).

Vietnam had more than 43,300 enterprises established in the first four months of the year with a total registered capital of over VND542 trillion, up 4.9% in number of enterprises and up 31.7% in capital compared to the same period last year, reported the General Statistics Office.

Consumer price index of Ho Chi Minh City increased by 0.36 percent in April compared with that of March and 4.25 percent year-on-year, the municipal Statistical Office revealed on April 30th.

Dabaco Group has announced that it is commissioning soon a plant to produce cooking oil in Tien Du district, the northern province of Bac Ninh, with a designed capacity of 1,000 tonnes of soya bean per day.

More than 20 famous coffee brands in Vietnam are being showcased at a coffee festival in the central city of Nha Trang, south central Khanh Hoa province.

Vietnam maintained a trade surplus of USD711 million in the first four months of this year, much lower than USD3.7 billion recorded in the same period in 2018.

Vietnam recorded a year-on-year rise of 2.71 percent in the consumer price index (CPI) between January and April of 2019, a three-year low in the period.

Many Vietnamese firms will have the opportunity to introduce their made-in-Vietnam products and services at the first international exhibition, called Global Expo 2019, which is scheduled to be held in September.

Improving investment climate via building a transparent administrative regime will be the focus of the southern province of Binh Duong to maintain its attractiveness to investors.

A cluster of three solar power plants with a combined capacity of 330MWp in Thuan Nam district, the south central province of Ninh Thuan, was put into operation and connected to the national grid on April 27th.

Minister of Industry and Trade Tran Tuan Anh has held a working session with head of China’s General Administration of Customs Ni Yuefeng to seek ways to boost bilateral trade ties in a more balanced and sustainable manner.

The Foreign Investment Agency said in the first four months of the year, Vietnamese firms invested nearly USD150 million in foreign markets.

Hanoi’s consumer price index (CPI) in April rose 0.24 percent from the previous month and 4.35 percent against the same time last year, reported the city Statistics Office.

The Civil Aviation Authority of Vietnam (CAAV) and France’s ADP Ingénierie company (ADPi) have signed a MoU (Memorandum of Understanding) for the detailed planning of expanding the Noi Bai International Airport.

Canada is now a promising market for Vietnamese goods as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is expected to open up this market for Vietnamese goods, heard a workshop in Hanoi on April 25th.

Economic and trade relations between Vietnam and China have been developing in a positive direction, as shown by the continuous increase of bilateral trade turnover between the two countries. Vietnam is fast becoming an attractive investment destination for Chinese enterprises.

(CPV) - The Vietnam Military-run Industry and Telecommunication Group (Viettel) has approximately 1 million more 4G subscribers in the first quarter of 2019, marking the fastest ever monthly growth rate.

Foreign direct investment (FDI) in the first four months of 2019 hit a new record high in value within the past four years, according to the latest report of the Ministry of Planning and Investment’s Foreign Investment Agency (FIA).

The 10th international exhibition on the plastic, printing and packaging industry (2019 Hanoi Plas Print Pack) opened at the Hanoi International Center of Exhibition in Hanoi on April 24th.

The Ministry of Industry and Trade (MoIT) will send a trade promotion delegation to South Africa to exhibit Vietnamese goods at retail and wholesale supermarkets from May 8th-16th, 2019.

Export turnover of agricultural, forestry and fishery products is expected to hit USD3.5 billion in April 2019, bringing the total figure for the first four months of the year to USD12.4 billion, according to the forecast of the Ministry of Agriculture and Rural Development (MARD).

With the effort and determination of the Governments and businesses of Vietnam and the Republic of Korea, the economic cooperation is expected to develop strongly in the near future with about USD100 billion in 2020.