Trade – Investment

Vietnam’s consumer price index (CPI) in February rose by 0.8 percent over the previous month, and 2.64 percent year-on-year, the General Statistics Office (GSO) announced on February 28th.

The central province of Quang Nam, known for two world cultural heritages which are Hoi An and My Son Sanctuary, is home to mountains, hills, delta and sea.

As of February 26th, total newly-registered and increased capital, capital contributions and share purchases of foreign investors reached USD8.47 billion, a 2.5-fold increase over the same period last year, according to the Ministry of Planning and Investment’s Foreign Investment Agency.

(CPV) - The Australian Embassy in Vietnam has said that representatives of the Australian Table Grapes Association and a delegation from Australian Trade Agency (Austrade) will visit Vietnam from February 28th to March 1st.

Vietnam’s products will be showcased at an exhibition in Leipzig city of Germany’s Saxony state from February 23rd to March 3rd.

Mavin Group, a food joint venture between Australia and Vietnam, is aiming to export Vietnamese duck meat in the future, given the increasing demand for this product.

The wood and forestry export turnover for this year needs to surpass USD11 billion, Prime Minister Nguyen Xuan Phuc told the agriculture sector at a forum held in Hanoi on February 22nd.

Export growth of wooden products is expected to be maintained at double digits and reach USD10.5 billion in 2019, according to the judgment of Mr. Nguyen Ton Quyen, Vice Chairman of Vietnam Timber and Forest Product Association, at a seminar held on February 21st in Hanoi.

A conference on cooperation and investment and tourism promotion between Hanoi and Japan will be held on March 29th, according to Hanoi city People’s Committee’s office.

Two-way trade between Laos and Vietnam exceeded USD1 billion in 2018, up 13 percent annually and surpassing the set target, according to the Lao Laophatthana newspaper.

(CPV) - By meeting the requirements signed with the US, Vietnamese mango batches will soon be exported to this market.

The Mekong Delta province of Tra Vinh is resolved to revoke licences of delayed projects, while rolling out new measures to attract more investment in the locality.

A Singaporean company will invest in a textile project in the Vietnam-Singapore Industrial Park in central Nghe An province (VSIP Nghe An).

Export activities recorded encouraging figures in January, and more growth is on the way, according to the Ministry of Industry and Trade (MoIT).

Deputy Prime Minister Vuong Dinh Hue chaired a consultation conference in the southern province of Binh Duong on February 14th to discuss orientations towards refining mechanisms and policies on foreign direct investment (FDI) in the new context.

Prime Minister Nguyen Xuan Phuc highlighted a bright outlook for Vietnam’s economy while opening a stock trading session after the Lunar New Year holiday in Hanoi on February 12th.

(CPV) – “The two countries continued to work on the trade barriers that impede exports and imports. The work has resulted in Vietnam allowing for experts to inspect South African grapes and oranges in February 2019,” said Mr. Mpetjane Kgaogelo Lekgoro, South African Ambassador to Vietnam, in an interview with the Communist Party of Vietnam Online Newspaper.

Analysts believe banking credit growth will ease off next year, but since lending activities will mainly be focused on the economy, growth will not be affected.

(CPV) – “In 2018, the total trade between Indonesia and Viet Nam has reached USD8.6 billion, increased nearly 30% from last year. I am quite optimistic that we can achieve the target of USD10 billion of the bilateral trade volume by 2020,” said the Indonesian Ambassador to Vietnam H.E. Mr. Ibnu Hadi in an interview with the Communist Party of Vietnam Online Newspaper.

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has recently taken effect in Vietnam, which will bring about both opportunities and challenges for many fields, including agriculture.

Vietnam will continue to hasten efforts to improve the business climate in terms of quality to create favourable conditions for the private sector to play its role as a driver in promoting rapid and sustainable economic growth.

The fruit and vegetable sector aims to gross nearly USD4.2 billion in export turnover this year, according to the Department of Crop Production under the Ministry of Agriculture and Rural Development.

The Vietnam Textile and Apparel Association (VITAS) has set the industry’s export turnover target this year at USD40 billion, a 10.8 percent year-on-year increase from 2018.

The central province of Thua Thien-Hue strives to attract more capital in 2019 strives to attract 15 domestic and foreign projects worth USD400 million this year.

Vietnam’s commodities appeared in 200 countries in which 50 are specified as key markets last year. 2018 marked new milestones in export growth with many enterprises approaching and exploiting new costumers.

Deputy Prime Minister Vuong Dinh Hue has highlighted remarkable results of Vietnam's economic development in 2018 and made positive forecasts for the national economic growth in 2019 in an interview recently granted to the Vietnam News Agency.

Vietnam’s shrimp exports are expected to grow this year to a value of more than USD4 billion thanks to free trade agreements, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

In 2018, Vietnam’s total rice exports reached 6.15 million tonnes, with export turnover of USD3.15 billion. The industry saw a 5.7 percent increase in volume and a 19.6 percent increase in value compared to 2017.

The Prime Minister has recently issued Directive No. 03/CT-TTg on the implementation of the National Assembly Standing Committee’s Resolution No. 582/NQ-UBTVQH14 on a number of tasks and solutions to continue accelerating the implementation of policies and laws on management and use of foreign loans.

The Japan External Trade Organisation (JETRO) said with a young population, great potential and increasing trade growth, Vietnam is offering big opportunities for Japanese firms to expand their market.