Trade – Investment

The State Securities Commission has approved Vinaconex’s request to lock its ceiling foreign ownership ratio at zero percent, saying the move complies with regulations.

The Binh Son Refining and Petrochemical (BSR) JSC, manager of Dung Quat Oil Refinery Plant, has shared its maintenance and repair experiences in a workshop recently held in Hanoi.

As the Africa - Middle East region is increasing its look-east policy and attaches great importance to cooperating with Vietnam, the country should master its partners’ information and policies for boosting cooperation.

As many as seven leading wine businesses from Argentina’s Mendoza province on November 15th met with 29 Vietnamese wine producers and distributors in Hanoi, as part of activities to increase and expand Vietnam - Argentina bilateral trade exchanges.

The Vietnam Malaysia Business Association (VMBIZ) and the Malaysia-Vietnam Commerce Chamber (MVCC) signed a memorandum of understanding in Kuala Lumpur on November 14th, which is expected to create a new impulse for business partnership and economic-trade ties between the two countries.

The Ministry of Industry and Trade, in association with the Vietnamese Embassy in Singapore and Singapore-based supermarket chain FairPrice, launched the Vietnamese Goods Week from November 13th to 25th.

The northern province of Quang Ninh has celebrated the 50th anniversary of Uncle Ho’s meeting with delegates, workers and officials of the coal industry (November 15th, 1968) and honored outstanding individuals.

The Ho Chi Minh city Department of Industry and Trade has announced it fulfilled plan of supplying essential food and foodstuff for Lunar New Year (Tet) 2019.

Investment chances in Vietnam, especially once the EU-Vietnam Free Trade Agreement (EVFTA) takes effect, were introduced to Italian entrepreneurs at a workshop in Rome on November 9th.

Developing eco-industrial parks would help Vietnam attract foreign direct investment and promote sustainable growth.

Prime Minister Nguyen Xuan Phuc has agreed in principle the granting of an air transportation business licence to Bamboo Airways of Viet Bamboo Airlines Company, owned by property developer FLC Group.

Head of the Communist Party of Vietnam Central Committee (CPVCC)’s Economic Commission Nguyen Van Binh received Assistant US Trade Representative for Services and Investment Daniel Bahar in Hanoi on November 8th, asking the US side to increase dialogues in a bid to promptly handle trade barriers.

European companies have shown their optimism about their business activities in Vietnam in both the third and fourth quarters, as seen in the Business Climate Index (BCI) released by the European Chamber of Commerce in Vietnam (EuroCham) on November 6th.

The Vietnam Trade Fair 2018 opened at the Koh Pich Convention and Exhibition Centre in Phnom Penh, Cambodia, on November 7th, with expectations to help boost trade between the two countries.

The third Vietnam Rice Festival will be held in Tan An city, in the Mekong River Delta province of Long An, from December 18th to 24th, as heard at a press conference held in Ho Chi Minh city on November 6th.

Vietnam shipped abroad 264,000 tonnes of rice in October this year for USD136 million, pushing the total figures so far this year to 5.2 million tonnes worth USD2.6 billion, up 1.7 and 14.1 percent year-on-year.

A Vietnam trade promotion office, the second of its kind in China, was inaugurated in Hangzhou city in the eastern province of Zhejiang on November 5th.

(CPV) - The Record of Discussion for “Capacity building on improving fairness and transparency of Vietnamese equity market” project was inked in Hanoi on November 5th, 2018.

The Vietnam – China International Fair 2018 officially opened on November 2nd at the Trade Centre of the northern border province of Lang Son under the theme of “Connectivity, Cooperation for Joint Development”.

The agro-fishery-forestry sector earned USD32.6 billion from exports during the January-October period, up 8.1 percent year-on-year, according to the Agro Processing Market Development Authority (AgroTrade) under the Ministry of Agriculture and Rural Development.

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has become the first commercial bank of Vietnam to set up a representative office in the US.

(CPV) - Export value of major forestry products reached an estimated USD7.61 billion, a 16.12% rise over a year earlier; including USD7.23 billion of wood and wooden products exports, reported the Vietnam Administration of Forestry under Ministry of Agriculture and Rural Development.

More than 109,600 enterprises were formed in Jan-Oct 2018 with a total registered capital of VND1.11 quadrillion, up 4.3% in number of enterprises and 9.2% in capital compared to the same period last year, according to General Statistics Office.

The Consumer Price Index (CPI) in October inched up 0.33% from the previous month, said the General Statistics Office on October 29th.

Commodity export turnover is estimated to reach USD200.27 billion in Jan-Oct 2018, a 14.2% rise over a year earlier, according to the General Statistics Office (GSO).

Total newly-registered and added capital, capital contributions, and share purchases of foreign investors reached USD27.9 billion in Jan-Oct 2018, a slight decrease of 1.2% from a year earlier.

The Binh Son Refining and Petrochemical (BSR) JSC has organized a conference sharing maintenance and repair experiences among oil and gas processing plants.

The Government leader has assigned the Minister of Industry and Trade to report to the Government for Nghi Son Oil Refinery Plant and the upgrade and expansion of Dung Quat Oil Refinery Plant at the sixth session of the 14th National Assembly (NA).

Vietnam’s commodity export value to the US reached more than USD35 billion in Jan-Sep 2018, increasing by 13.2% (USD4.08 billion) over a year earlier and accounting for 19.5% of the country’s total to the market.

VP Bank Finance Company Limited (FE CREDIT), one of the largest credit card issuers in Vietnam, scored a hat-trick of gongs at the 5th Annual Cards and Electronic Payments International (CEPI) Asia Awards 2018.