Trade – Investment

From January 1st, 2019, most India Association of Industries yarns and fabrics imported from India will be exempted from tax in accordance with the India-ASEAN Trade agreement, said the India Association of Industries.

Enterprises of Dubai look to further boost investment opportunities in various fields in Vietnam in order to intensify cooperation, investment and economic development between the two sides.

The Vietnam Post Corporation (VNPost) has obtained the target set for the phase from 2016-2020 two years ahead of schedule with a revenue of USD1 billion in 2018, a year-on-year rise of 25% and profits totaled nearly VND422 billion, up 40% against 2017.

The Vietnam National Shipping Lines (Vinalines) surpassed all its production and business targets set for 2018, with its maritime transport output reaching 24.3 million tonnes of goods, and total revenue hitting VND13.85 trillion (USD592.8 million).

Deputy Prime Minister Trinh Dinh Dung chaired a consultation conference on foreign investment attraction and orientations in the northern province of Vinh Phuc on December 21st, during which he affirmed that attracting foreign investment is a consistent policy of the Vietnamese Party and State.

GDP growth rate is likely to reach a decade high of 6.9 - 7 percent in 2018 and maintain the pace of 7 percent next year, according to the National Financial Supervision Committee (NFSC).

Vietnam is set to be one of the top remittance receivers in the world in 2018 with an estimated sum of USD15.9 billion, deputy head of the State Committee for Overseas Vietnamese Affairs Luong Thanh Nghi said at a press conference in Hanoi on December 20th.

The Republic of Korea’s imports from Vietnam in the Jan-Nov period rose sharply by 22% to USD18.1 billion due to the increasing demand for display and electronic components made in Korean factories in Vietnam, said the country’s Ministry of Trade, Industry and Energy.

A Ho Chi Minh city leader has expressed his hope that Japanese businesses will continue to see the city as an attractive investment destination that brings interests to both sides.

(CPV) - The Binh Son Refining and Petrochemical JSC has been honored as the best financial management company in the oil and gas service sector in 2018 by the Vietnam Chamber of Commerce and Industry.

Vietnam’s Gross Domestic Product (GDP) is predicted to grow about 6.9-7.1% in 2019, according to the latest forecast of the Ministry of Planning and Investment’s National Center for Socio-economic Information and Forecast (NCIF).

Bloomberg has honored Vietjet Air CEO and President Nguyen Thi Phuong Thao among Top 50 global leaders in 2018. This is the first time Vietnam has a representative winning this renown of the famous business news.

Quy Nhon port in the central province of Binh Dinh on December 16th received the 8 millionth ton of cargo in 2018, the highest-ever volume for the port.

The Vietnam National Oil and Gas Group (PetroVietnam) on December 18th, 2018, organised a ceremony to announce the appointment of the General Director of the Binh Son Refining and Petrochemical JSC (BSR) at the headquarters of the BSR.

An article published by US magazine Forbes has recently considered Vietnam as the hottest investment destination in Asia.

The operation of State-owned enterprises (SoEs) will be performed in an online management system according to the standards of the Organisation for Economic Co-operation and Development starting in January 2019.

The garment-textile sector has grossed over USD36 billion in export turnover this year, up 16.01 percent against the previous year, heard a conference in Hanoi on December 14th.

Google is researching the procedures for opening a representative office in Vietnam to ensure that its compliance with local regulations is in line with its international commitments, Senior Vice President Ken Walker has said.

(CPV) - ADB and Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV), the country’s largest commercial bank by assets, signed a USD300 million loan agreement on December 12th 2018 to support the growth and productivity of small and medium-sized enterprises (SMEs) in Viet Nam.

Tan Cang - Cai Mep International Terminal (TCIT) has reached 1,500,000 TEUs throughput in 2018.

On December 8th, 2018, the Binh Son Refining and Petrochemical Joint Stock Company (BSR) joined the run “For environment – For health 2018” in Hanoi.

Vietnamese wood and furniture firms need to improve their designs, distribution and brands to enable Vietnam to become a global furniture hub, a conference heard in Ho Chi Minh city on December 7th.

A coffee processing factory expected to become the biggest of its kind Vietnam when fully operational was put into operation in Nhon Trach 3 Industrial Park, the southern province of Dong Nai, on December 8th.

A meeting was held in Hanoi on December 8th to introduce cooperation opportunities between Vietnam’s small- and medium-size enterprises (SMEs) and PUM Netherlands senior experts - a volunteer organisation committed to the sustainable development of SMEs in developing countries and emerging markets.

Vietnam earned about USD8 billion from exporting seafood in the Jan-Nov period of 2018, a year-on-year rise of nearly 5%, reported the Ministry of Agriculture and Rural Development.

(CPV) - The EU is now one of the two most important partners of Vietnam in trade and investment, as well as one of the key markets of Vietnam’s agricultural products, especially seafood and coffee.

Leipzig city has become the first German locality to open a representative office in Vietnam, contributing to strengthening trade and investment partnership between the city and Vietnam and connecting businesses of the two nations, according to the German Business Association in Vietnam.

The Vietnam National Oil and Gas Group (PetroVietnam) has reported an oil and gas production output of 22.1 million tonnes in the first 11 months of 2018, surpassing its target by 5.4 percent and fulfilling 96.8 percent of its yearly plan.

Vietjet Air CEO and President Nguyen Thi Phuong Thao has been recognised as one of the 100 most powerful women in the world by Forbes.

Nearly 40 representatives from pepper associations of the US, China and some European and African countries together with domestic and foreign pepper purchasers, made a fact-finding visit on December 5th in the southern province of Ba Ria - Vung Tau.