Trade – Investment

A Vietnamese delegation led by Minister of Planning and Investment Nguyen Chi Dung is attending the fourth Eastern Economic Forum (EEF) held in the Russian city of Vladivostok.

The Lao Government and Viet Phuong Group (VPG) of Vietnam on September 11th signed a contract for exploiting and processing bauxite ore and building an alumina factory in Sekong province of Laos.

(CPV) - A delegation of the National Assembly (NA) Committee for Economics Affairs, led by its Vice Chairman Nguyen Duc Kien, has recently worked with the Binh Son Refining and Petrochemical (BSR) JSC.

(CPV) - The Binh Son Refining and Petrochemical (BSR) JSC has coordinated with the Vietnam Petroleum Association to organize the 30th anniversary of exploiting the first ton of deep well commercial oil (September 6th, 1988).

Vietnam has the potential to boost its exports of star anise and cinnamon, but needs supportive policies from the Government, the Lang Son Star Anise Association has said.

Property developer Vingroup has been honoured by Forbes magazine in its list of Asia’s top 50 enterprises (Asia’s Fab 50 2018) for its rapid growth, vision and high performance for many years.

Total budget collection in the January-August period was estimated at VND871.8 trillion (USD37.3 billion), or 66.1 percent of the yearly estimates, an increase of 13.8 percent year on year, according to the Finance Ministry.Of the figure, domestic revenues were estimated at VND695.8 trillion, up 14.8 percent from the same period last year, and meting 63.3 percent of the yearly estimates.

The 16th meeting of the Council for Promoting Tourism in Asia (CPTA 16) officially kicked off in Hanoi capital city on September 6th.

(CPV) - The first Initial Public Offering (IPO) of the Binh Son Refining and Petrochemical (BSR) Joint Stock Company not only helped the Vietnam Oil and Gas Group (PetroVietnam) succeed in privatizing its three leading enterprises, but also create momentum for the enterprises to develop sustainably in the near future.

The World Economic Forum on ASEAN (WEF ASEAN) will receive more than 1,000 delegates, including high-ranking government representatives and executives of regional and world-leading corporations.

The US Trade and Development Agency (USTDA) will provide technical assistance for Vietnam to carry out a research project on developing an energy storage system under an agreement signed with the Electricity of Vietnam (EVN) in Hanoi on September 5th.

A strategic cooperation deal was signed between Vietnam’s Tan Long Group and six Danish companies in Hanoi on September 5th to apply Denmark’s advanced technologies in local rice and pig production projects.

The Wagan Joint Venture, GHN Group and Masters Depot have coordinated with Tin Thanh Group to visit and work at the Dung Quat Oil Refinery Plant to explore cooperation and investment opportunities for upgrade and expansion of the plant in the second phase.

The entire Da Nang – Quang Ngai Expressway was open to traffic on September 2nd, helping to cut down the distance among economic hubs of the central key economic region.

The delegation of the Army Academy, led by Colonel, Dr. Tran Sinh Huy, Deputy Head of Faculty of Party work and political affairs, has visited and worked at the Dung Quat Oil Refinery Plant.

More than USD1.38 billion in foreign direct investment (FDI) was poured into the northern port city of Hai Phong during January-August, a year-on-year increase of 99.34 percent.

Prime Minister Nguyen Xuan Phuc advised the northern province of Quang Ninh to give the priority to urban development while meeting provincial leaders on September 1st.

The Binh Son Refining and Petrochemical (BSR) JSC should strictly obey legal regulations on environmental protection to make more achievements, deserving to be the pioneer of the Vietnam Oil and Gas Group.

Japanese casual clothing retailer UNIQLO unveiled its plans to open its first store in Vietnam during the fall of 2019, marking its further expansion in Southeast Asia.

A festival featuring the “thanh tra pomelo”, a specialty of the central province of Thua Thien-Hue, opened in Hue city on August 31st to promote the trademark of the product as well as tourism in the former royal capital city.

The official opening of bilateral border gates Chi Ma (Vietnam) – Ai Dian (China) is scheduled to be held on September 10th.

The liquidity of Binh Son Refining and Petrochemical JSC also rises to the top of the Unlisted Public Company Market (UPCoM) with nearly 7 million shares traded after half an hour, valued at VND213 billion.

The World Economic Forum on ASEAN (WEF ASEAN) 2018, which is scheduled to take place in Hanoi from September 11th to 13th, will present attendees with new business opportunities in Vietnam.

The Da Nang-Quang Ngai expressway will open for traffic on the National Day, September 2nd, said the investor, Vietnam Expressway Corporation (VEC) after inspecting the whole route on August 30th.

As many as 11,655 enterprises were formed in August with a total registered capital of VND107.6 trillion, up 3.5% in number of enterprise and down 11.9% in capital from the previous month, according to General Statistics Office (GSO).

The Consumer Price Index (CPI) in August increased by 0.45% from the previous month, in which 10 out of 11 commodity groups and services recorded price rise, according to General Statistics Office (GSO).

The Ho Chi Minh city Investment and Trade Promotion Center (ITPC) in association with the Lao Consulate General has organized a seminar to help Vietnamese exporters better understand investment opportunities in the market.

As of August 20th, disbursement of FDI projects hit USD11.25 billion, a year-on-year rise of 9.2%, according to the Ministry of Planning and Investment’s Foreign Investment Agency.

The Vietnam Oil and Gas Group (PetroVietnam) has signed Decision presenting certificates of merit to Binh Son Refining and Petrochemical JSC for its excellent performance in privatization work.

(CPV) - Deputy Prime Minister Trinh Dinh Dung has approved the adjustment of the overall scheme for the Southeast Nghe An Economic Zone (EZ).