Trade – Investment

Blue growth, or growth of the sea-based economy in an effective and sustainable manner, is important to Vietnam’s economy as the sea plays a crucial role in both economic and security terms for the country.

Vietnam gained 84 points for the second quarter of 2018 in the Business Climate Index (BCI), up 6 points from the previous quarter, according to new data from the BCI survey released by the European Chamber of Commerce in Vietnam (EuroCham) on October 4th.

Seafood export value in the first nine month of the year was estimated at USD6.4 billion, a year-on-year increase of 7.2 percent, according to the Department of Farm Produce Processing and Market Development under the Ministry of Agriculture and Rural Development (MARD).

The attraction and use of foreign direct investment (FDI) in the past 30 years have proven that the door-opening policy of the Party and State of Vietnam is a correct choice in line with the development trend of the era and the country’s situation, Minister of Planning and Investment Nguyen Chi Dung said.

Vietnam and New Zealand on October 4th agreed to continue facilitating trade and investment between the two countries and providing broader access for agricultural products to each other’s market.

Authorities of the Mekong Delta city of Can Tho held a working session with Indonesian Consul General in Ho Chi Minh city Hanif Salim on October 4th to discuss the prospect of multifaceted cooperation in the near future.

As many as 26 commodities earned export turnover of more than USD1 billion in the first 9 months of the year, making up 90.3% of the total. Of this, five commodities bagged over USD10 billion, accounting for 58.2%.

The northern province of Quang Ninh has an additional 1,876 newly-established enterprises in the first nine months of the year, with a total registered capital of over VND18.9 trillion, up 6.6% in number of enterprises and up over 146% in capital from the same period last year.

A delegation of the Hanoi University of Science and Technology, Rostock University and Likat Institute has visited and worked with the Binh Son Refining and Petrochemical (BSR) JSC.

Vietnam’s aquatic products are forecast to bring home USD9 billion from exports in 2018, up 7 percent from the previous year, said the Vietnam Association of Seafood Exporters and Producers (VASEP).

Leading destinations for the flow of foreign direct investment (FDI) such as Ho Chi Minh city, Dong Nai, Binh Duong and Ba Ria-Vung Tau provinces, have been shifting their focus to investment quality after 30 years attracting foreign capital.

Vinfast Manufacturing and Trading Company Limited, a subsidiary of Vietnamese conglomerate Vingroup, unveiled two of its new car models at the 120th Paris Motor Show on October 2nd.

Export value of vegetables and fruits in September 2018 reached an estimated USD380 million, bringing the figure for the first nine months of the year to USD3.1 billion, a year-on-year rise of 17.1%, according to the Ministry of Agriculture and Rural Development.

The Vietnamese Government commits to building a more favourable and competitive investment environment towards international standards and in accordance with commitments to high standards the country has made in new-generation free trade agreements (FTAs), said Prime Minister Nguyen Xuan Phuc on October 4th.

The steam-power workshop of Dung Quat Bio Ethanol Plant was re-operated successfully, said Mr. Pham Van Vuong, Director of the Central Petroleum and Bio-fuel JSC (BSR-BF), on October 1st.

The Committee for Management of State Capital (CMSC), known as the “super committee”, made its debut in Hanoi on September 30th in the witness of Prime Minister Nguyen Xuan Phuc.

More than 96,600 new enterprises were founded in the first nine months of 2018 with a total registered capital of VND963.4 trillion (USD41.3 billion), representing year-on-year rises of 2.8 percent and 6.7 percent, respectively.

The delegation of Binh Son Refining and Petrochemical (BSR) JSC, led by Mr. Tran Tan Chuc, deputy head of the maintenance and repair department, has joined an international conference on automation in Thailand.

Vietnamese agricultural products was promoted at the 13th edition of Annapoorna World of Food which took place at Bombay Exhibition Centre, Mumbai city in India’s western state of Maharashtra on September 27th – 29th.

The GDP growth rate for the January-September period was 6.98 percent, the highest for the same period over the past eight years, the General Statistics Office announced on September 28th.

(CPV) - A seminar to promote the consumption of dragon fruit, a major product of the southern province of Binh Thuan, has been held in New Delhi, India.

The Middle East and Africa are promising markets for Vietnamese exports, heard at a seminar in Ho Chi Minh City on September 27th.

Total newly-registered, increased capital and capital contributions, share purchases of foreign investors reached USD25.37 billion in the first nine months of the year, a year-on-year rise of 99.6%, according to Ministry of Planning and Investment’s Foreign Investment Agency (FIA).

(CPV) - Export value of forestry products reached USD6.64 billion in the first 9 months of the year, 73.77% of the year’s plan or up 14% over a year earlier, according to Vietnam Administration of Forestry.

(CPV) - The second international exhibition on real estate, architecture and interior decoration (Vietbuild 2) opened at Saigon Exhibition and Convention Center, Ho Chi Minh city, on September 26th.

The Dung Quat Bio Ethanol Plant will officially re-operate in the middle of October 2018 after three years of suspension, said Mr. Pham Van Vuong, Director of Central Petroleum and Bio-fuel JSC.

(CPV) - According to Viettel Global, Mytel - Viettel’s brand in Myanmar, reached the milestone of three million customers three months after its launch.

(CPV) - The Embassy of the US has donated a scanner worth nearly USD200,000 to the General Department of Customs of Vietnam in order to increase control of goods imported into Vietnam by air.

Prime Minister (PM) Nguyen Xuan Phuc has asked Kon Tum and Quang Nam provinces, related ministries and branches to intensify the development of the Ngoc Linh ginseng plantation and processing industry.

As of September 15th, Vietnam had three groups of export commodities earning more than USD20 billion in turnover each, up two groups from the same period last year.