Trade – Investment

The Vietnamese economy maintained an average growth of nearly 6.5% per annum over the past 20 years, according to Australia and New Zealand Banking Group (ANZ).

The Government has approved an agreement between Vietnam and China’s Macau Special Administrative Region on the avoidance of double taxation and prevention of income tax evasion.

Geographic location and efforts in improving provincial competitiveness index (PCI), investing synchronous transport infrastructure, and renovating investment attraction are important advantages for Quang Ninh to continue attracting more investment to the locality, especially foreign direct investment (FDI), in the near future.

Sixty-eight businesspeople were honoured as excellent young startup entrepreneurs of 2018 at an award ceremony held in Hanoi on August 27th.

Hanoi’s Department of Industry and Trade has launched the Hanoi Promotion Month 2018 along with a program to vote for the most liked Vietnamese brands.

Vietnam has exported its fruits to high-standard markets in recent years, such as the US, the European Union and Japan, but increasing export volume is not an easy task.

Ethiopian authorities have affirmed that the country welcomes Vietnamese businesses to invest in trade and production and will give them attractive preferential policies.

The Ho Chi Minh city People’s Committee has issued a plan to improve its provincial competitiveness index (PCI) and continue to realize main tasks and solutions to ameliorate investment and business climate in 2018 and the following periods.

(CPV) - Vietnam Fisheries International Exhibition (Vietfish) 2018, hosted by Vietnam Association of Seafood Exporters and Producers (VASEP), opened on August 22nd-24th at Saigon Exhibition and Convention Center, Ho Chi Minh city.

(CPV) - The Vietnam National Oil and Gas Group (PetroVietnam) has finalized the privatization of PetroVietnam Power Corporation (PVPower), PetroVietnam Oil Corporation (PVOil) and Binh Son Refining and PetroChemical (BSR) One-member Limited Liability Company.

(CPV) – The Ministry of Finance’s State Securities Commission has approved the proposal of Binh Son Refining and Petrochemical JSC to become a public company.

After 30 years of foreign direct investment (FDI) attraction, the FDI sector has seen positive marks and made great contribution to Vietnam’s socio-economic development.

Forbes Vietnam held a ceremony on August 23rd to honor the 40 most valuable brands in Vietnam in 2018.

Trade turnover between Vietnam and India reached an estimated USD6.36 billion in Jan-July 2018, a 50.16% rise over a year earlier, said the General Department of Customs.

The Binh Son Petrochemical and Refining (BSR) JSC earned VND2.699 trillion of after-tax profit in the first half of the year, fulfilling 77.6% of the year’s plan.

(CPV) - The Vietnam Automobile Show 2018 will display 15 car brands from worldwide with a full range of segments from popular to luxury cars and sports cars.

2017 is a successful year of Nguyen Ngoc Thanh, supervisor for the operation of the Dung Quat Oil Refinery Plant, thanks to the achievements he has made.

(CPV) - In the remaining months of 2018, the Binh Son Refining and Petrochemical (BSR) JSC will focus on managing and operating the Dung Quat Oil Refinery Plant stably and effectively and be active in analyzing and assessing the market to timely respond to oil fluctuation prices.

About 2,000 trees of Ngoc Linh ginseng will be planted at the Hon Ba Nature Reserve in the central coastal province of Khanh Hoa under a scientific research project.

Vietnam’s agricultural and aquatic exports to China are likely to face higher quality requirements and stronger competition from other ASEAN exporters although China’s demand for these goods is still on the rise, heard a meeting on August 18th.

Suchel TBV S.A., a joint venture between Vietnam and Cuba, was approved by the Cuban Government to build a detergent plant in the Mariel Special Development Zone (ZEDM), according to the Cuban News Agency (ACN).

(CPV) - A seminar to discuss management, strategic issues and development policies of the Dung Quat Oil Refinery Plant has been organized by the Binh Son Refining and Petrochemical (BSR) JSC.

HCM City is working with several provinces to set up orchid supply chains and mitigate shortages there, especially during holidays when supply dwindles and prices shoot up.

Bilateral trade turnover between Vietnam and the Czech Republic in the first half of 2018 recorded an expansion of nearly 14 percent compared to the same period last year, marking a successively stable growth rate of over 10 percent per year since 2015.

The Prime Minister has decided to appoint Chairman of the Vietnam Chamber of Commerce and Industry Vu Tien Loc as Vice Chairman of the National Council on Sustainable Development and Competitiveness Improvement.

Secretary of the Ho Chi Minh city Party Committee Nguyen Thien Nhan on August 16th urged the Republic of Korea (RoK) SM Group to invest in the city’s latest innovative urban area, particularly in the spheres of transport, telecommunications, and housing for scientists.

Working groups under the public-private partnership (PPP) format for agriculture products should build an effective cooperation mechanism in order to develop the market, Deputy Minister of Agriculture and Rural Development Le Quoc Doanh said at an annual meeting of the group in Hanoi on August 16th.

(CPV) - Seven Vietnamese enterprises attended the “Vibrant Tamil Nadu 2018” international food fair which was held from August 12th to 15th, in India.

(CPV) - A conference to increase the consumption of LPG (Liquefied Petroleum Gas) of the Dung Quat Oil Refinery Plant has been organized by the Binh Son Refining and Petrochemical JSC in Thua Thien - Hue.

In realization of its social welfare activities, in late July, the Binh Son Refining and Petrochemical JSC (BSR) assisted the Ha Tinh provincial General Hospital with VND3 billion to buy medical equipment for better medical check-ups and treatment.