Trade – Investment

Localities need to take stronger actions to counter the European Commission’s illegal, unreported, and unregulated fishing (IUU) yellow card warning, said Deputy Minister of Agriculture and Rural Development Phung Duc Tien.

The volume of cement for domestic consumption and exports maintained stable growth in April 2019, estimated at about 35.45 million tons, a year-on-year rise of 8%, according to the Ministry of Construction’s Department of Construction Materials.

March saw record exports of telephones of all kinds and accessories with a value of USD5.38 billion, a 2.3% rise from the previous month and a 74.7% increase compared to the same period last year, according to the General Department of Customs.

A meeting to connect businesses of Vietnam and Oman was co-organized by the Vietnam Chamber of Commerce and Industry (VCCI) and Embassy of Oman on April 22nd, in Hanoi.

An inauguration ceremony was held for the Vinh Tan international seaport in Vinh Tan commune, Tuy Phong district, the southern province of Binh Thuan on April 20th.

The Dung Quat oil refinery, based in the central province of Quang Ngai, exceeded its designed capacity by 7 percent in the first quarter of 2019, helping it gain over VND606 billion (USD26 million) in post-tax profit during the period.

The project of renovating and upgrading the Nha Trang - Sai Gon railway section will begin from April 2020 and be completed in 2021.

Vietnam’s export of tuna to China rocketed by 771 percent in the first two months of this year, making the market the fifth largest importer of Vietnamese tuna after the US, the EU, Israel and the ASEAN, said the Vietnam Association of Seafood Exporters and Producers (VASEP).

A seminar was held in Hanoi on April 19th to review Vietnam’s macro-economic development in the first quarter and update macro-economic prospect for 2019.

A meeting to connect Japanese partners with northern central localities of Vietnam will be held on April 26th in Nghe An.

The Mekong Delta province of Dong Thap has become the first locality in Vietnam to export mangoes to the US.

The Thua Thien-Hue provincial People’s Committee on April 17th announced it has worked with relevant units and foreign experts to develop Hue smart media city.

Vietnam’s export value to Japan in the first quarter of 2019 reached USD4.62 billion, a year-on-year rise of 6.68%, according to the latest statistics of the General Department of Customs.

The double taxation avoidance agreement between Vietnam and Cambodia has officially come into effect, reported the General Department of Taxation of Vietnam.

A two-day seminar discussing the role of State-owned enterprise (SOEs) reform in socio-economic development opened in Hanoi on April 17th, as part of the Vietnam-Cuba friendly cooperation framework.

The Czech Republic - Vietnam Business Forum was held in Prague on April 17th within the framework of Prime Minister Nguyen Xuan Phuc’s ongoing visit to the European country, drawing representatives of more than 100 enterprises and investors of both sides.

A One Commune One Product (OCOP) International Trade Fair and Lifestyle Vietnam 2019 - Handicraft and Gift International Trade Fair opened at the Saigon Exhibition and Convention Centre in Ho Chi Minh city on April 17th.

Vietnamese automaker VinFast announced on April 16th that the firm will officially put its automobile manufacturing factory into operation in June this year, three month earlier than the initial schedule.

The Government of Canada is offering an open policy which applies preferential tariffs on commodities imported from Vietnam.

Construction work started on the operations centre of the Dong Hai 1 wind power plant, first phase, in Long Dien commune, Dong Hai district, the Mekong Delta province of Bac Lieu, on April 15th.

The southernmost province of Ca Mau is expanding the farming area of acacia trees which offer high income for farmers.

Vietnam’s exports to member countries of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) are expected to increase strongly through 2030, reaching 25 percent of the nation’s total exports, according to the Ministry of Industry and Trade (MOIT).

Vietnam and the US reiterated their commitments to deepening cooperation in energy security during their second energy security dialogue in Washington D.C on April 12th.

Vietnamese enterprises need to take advantage of tariff reductions under the Comprehensive and Progressive Agreement for Trans Pacific Partnership (CPTPP) to increase exports to Australia.

A delegation from the Netherlands expressed their wish to cooperate with Ba Ria-Vung Tau to develop wind power during a working session with the southern province’s officials on April 12th.

The State Audit Office of Vietnam (SAV) and the Canadian Audit and Accountability Foundation (CAAF) signed a memorandum of understanding (MoU) on cooperation within the framework of a working visit to Canada from April 7th to 12th by a delegation from the SAV and the National Assembly’s Finance-Budget Committee.

Volume of exported rice in the first quarter of 2019 reached an estimated 1.43 million tons, valued at USD593 million, down 3.5% in volume and down 20.2% in value compared to the same period last year, reported the Ministry of Agriculture and Rural Development.

As many as 31 shrimp exporters of Vietnam to the US have been exempted from anti-dumping tariffs, according to the Vietnam Association of Seafood Exporters and Producers (VASEP) on April 10th.

Vietnam’s textile and garment export value in the first quarter of 2019 reached nearly USD8.7 billion, a year-on-year rise of 11.31%, reported the Vietnam National Textile and Garment Group (Vinatex).

(CPV) - A Memorandum of Understanding (MoU) for cooperation in developing Da Nang into a smart city by 2020 was signed between ABB and Da Nang Department of Information and Communications on April 10th.