Trade – Investment

Vietnamese catfish exports to several major markets recorded positive results in the third quarter of this year, with exports to the US market experiencing dramatic growth.

TTC Attapeu Cane Sugar Co. Ltd, a Vietnamese-invested firm based in Attapeu province of Laos, has entered strategic cooperation with British firm ED&F Man Sugar Ltd to sell organic sugar to Europe.

Over the past 16 years, foreign direct investment businesses, including world leading hi-tech companies such as Intel, Sanofi, Samsung, Schneider, Datalogic and Jabil, have poured USD5.4 billion to the Saigon Hi-tech Park (SHTP).

The General Department of Vietnam Customs (GDVC) will host the 13th Asia-Europe Meeting (ASEM) Customs Directors-General and Commissioners Meeting in October 2019.

The Ho Chi Minh city People’s Committee has issued decisions recognizing groups of key industrial and agricultural products in the 2018 - 2020 period.

The south central province of Binh Dinh has taken urgent actions to fight illegal, unreported and unregulated (IUU) fishing towards meeting requirements for the removal of the European Commission (EC)’s “yellow card”.

Prime Minister Nguyen Xuan Phuc has called on Danish businesses to be more active in contributing ideas to policy-making in Vietnam, while promoting their role in fostering the partnership between Vietnam and Denmark.

Prime Minister Nguyen Xuan Phuc has issued a decision approving the task of adjusting the master plan for the construction of Nhon Hoi Economic Zone in the south central province of Binh Dinh towards 2040, with an aim to make it a driving force for the locality’s growth.

Low-cost carrier Vietjet Air will begin code-sharing with Japan Airlines on some domestic and international flights from October 23rd.

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) opened its first overseas subsidiary in Vientiane, Laos, on October 19th.

The State Audit of Vietnam (SAV) will audit 25 State-owned enterprises and financial organisations in 2019. They include the State Bank of Vietnam, 21 economic groups and corporations and three banks and credit institutions.

In mid-October, the Dung Quat Bio Ethanol plant returns to operation after three years of suspension. The following photos document the work atmosphere of anticipation at the plant in the end of September 2018.

The country’s export turnover this year could reach USD239 billion, increasing 11.2 percent from last year, said Deputy Minister of Industry and Trade Do Thang Hai.

The Ministry of Agriculture and Rural Development is drafting a circular for the list of 15 national key agricultural products, including rice, coffee, rubber, cashew, pepper, tea, cassava and products from cassava, ginseng, fruits and vegetables, pig, beef, chicken, tra fish, shrimp (sugpo prawn, white leg shrimp and lobster), and wood and wooden products.

The Can Tho Investment and Trade Promotion, Fair and Exhibition on October 17th worked with the Vietnam Commercial Affairs in Singapore to organize a visit to Can Tho city for a delegation of Singaporean businesses, and hold the conference on Singapore’s trade and investment promotion in the city.

Deputy Prime Minister Vuong Dinh Hue has urged the Shinhan Card Co., Ltd. of the Republic of Korea (RoK) to develop an ecosystem for financial technology (fintech) firms in Vietnam in training workforce and applying scientific-technological advances.

Tra fish export value is expected to exceed USD2 billion this year, higher than the industry’s target, according to experts.

The “Vietnamese Goods Identification - Proud of Vietnamese Goods” programme 2018 will enter a new period of development, with focus on promoting connectivity between producers and distributors for product and market growth.

Food & Hotel 2018 – a food, beverage, hotel, restaurant, and bakery show – will take place in Hanoi from November 28th-30th, the Vietnam Hotel Association (VHA) announced at a press conference on October 12th.

A delegation of the Vietnam National Oil and Gas Group (PetroVietnam-PVN), led by Mr. Doan Linh, Head of the office of board of members, has worked with Binh Son Refining and Petrochemical (BSR) JSC about the development strategy of the company to 2020, with a vision to 2030.

Vietnam’s trade surplus reached more than USD6 billion in the first 9 months of the year, according to General Department of Customs on October 9th.

On the sideline of Prime Minister Nguyen Xuan Phuc's activities at the 10th Mekong - Japan summit, Nguyen Duc Chung, Deputy Secretary of the Hanoi Party Committee, Chairman of the city People’s Committee received leaders of Japanese groups such as Sumitomo, Taisei Rotec, Meiko and Aeon.

Prime Minister (PM) Nguyen Xuan Phuc has met Mr. Osamu Shinobe, Vice Chairman of ANA Holdings Inc., as part of his attendance at the 10th Mekong - Japan summit in Tokyo.

(CPV) - The cooperative agreement between Binh Son Refining and Petrochemical (BSR) JSC and Nghi Son Refining and Petrochemical Limited Liability Company (NSRP) is following the tradition of cooperating for many years, contributing to enhancing the coordination in management and optimization of production plan.

The business members of the European Chamber of Commerce in Vietnam (EuroCham) are optimistic about the Europe-Vietnam Free Trade Agreement (EVFTA)’s impacts on Vietnamese economy, with nearly 80 percent predicting a rosy future.

More than 150 government officials and business leaders from the UK and Vietnam will gather at the UK-Vietnam Business Forum to be held in London on October 9th.

Vietnam shipped nearly 5 million tonnes of rice abroad in the first nine months of this year, earning USD2.5 billion, up 8.5 percent in volume and 23.2 percent in value year-on-year, statistics show.

Standard Chartered Bank continues to expect Vietnam’s robust gross domestic product (GDP) growth of 7 percent in 2018, driven by strong FDI-supported electronics manufacturing and rising consumption.

Prime Minister Nguyen Xuan Phuc is leading a high-level delegation of Vietnam to attend the 10th Mekong-Japan Summit in Tokyo and visit Japan from October 8th-10th. The trip is hoped to help lift bilateral trade to USD60 billion in 2020.

The Binh Son Refining and Petrochemical (BSR) JSC has organized periodical popularization on chemical safety at Dung Quat Oil Refinery Plant.