Trade – Investment

The Dung Quat Oil Refinery Plant - Binh Son Refining and Petrochemical JSC (BSR) has been urged to focus on corporate communications.

The Vietnamese banking development strategy till 2025 with vision to 2030 has been approved by the Prime Minister under Decision No.986/QD-TTg.

Vietnam earned USD109 million from exporting 67,000 tonnes of tea in the first seven months of 2018, a year-on-year decrease of 12.9 percent in volume.

(CPV) - The third Nguyen Duc Canh awards, given by the Vietnam General Confederation of Labor, have been recently presented to 70 typical workers nationwide for their excellent ideas, technological solutions and inventions.

(CPV) - As many as 319 foreign loan agreements were signed in the 2011-2016 period with a total value of USD33.643 billion, 59% higher than the 2006-2010 period, according to Nguyen Duc Hai, Chairman of the NA Committee for Finance and Budget and Head of the NA Standing Committee’s Supervisory Delegation.

(CPV) - The Binh Son Refining and Petrochemical (BSR) JSC ranked 33rd on the list of the 1,000 biggest tax payers in Vietnam in 2017, recently announced by the Ministry of Finance’s General Department of Taxation.

(CPV) - The Vietnam Posts and Telecommunications Group (VNPT) and Maritime Bank will contribute capital to expand and develop business activities, well exploit the potential of markets and strength in traditional business fields of each other.

A budget of VND15 trillion (about USD643.2 million) will be spent on 14 urgent transport projects during the 2016-2020 period under the Standing Committee of 14th National Assembly’s Resolution No.566/NQ-UBTVQH14.

Standing Vice Chairman of the Ho Chi Minh city People’s Committee Le Thanh Liem on August 7th received Uchida Shigenobu, Head of the delegation of the Youth Department of the Japan Chamber of Commerce and Industry, who are on a visit to the city.

Revenue to the State budget totaled VND775 trillion (over USD32.2 billion) in the first seven months of this year, equivalent to 58.7 percent of the yearly estimate and up 13.4 percent year-on-year, said the Ministry of Finance on August 7th.

Permanent Deputy Prime Minister Truong Hoa Binh has urged the northern mountainous province of Tuyen Quang to further promote infrastructure development, personnel training and administrative reform in order to attract more big and strategic investors to the locality.

Vietnam’s seafood export value in the first seven months of 2018 was estimated at USD4.63 billion, up 6.3 percent over the same period last year, according to the Ministry of Agriculture and Rural Development (MARD).

The 1,000 biggest tax payers in Vietnam in 2017 contributed more than VND110 trillion (USD4.72 billion) to the State budget, increasing 8.45 percent from the previous year, and accounting for 63 percent of total tax contributions.

Ho Chi Minh City’s Department of Industry and Trade met with more than 50 experts, researchers and business leaders at a meeting on August 3rd to discuss solutions to develop the city’s main products in the trading and services sector.

Vietnam’s rice exports in the first seven months of this year brought home USD2 billion, rising 32 percent against the same period last year.

The Japan External Trade Organization (Jetro) on August 2nd organized a connection program for Vietnamese and Japanese agriculture, seafood and food enterprises in order to help them to find trade partners and expand markets.

(CPV) - The Party Committee of Binh Son Refining and Petrochemical JSC (BSR) has organized a conference to study, thoroughly grasp and implement the Resolution of the 7th meeting of the 12th Party Central Committee (PCC).

FDI attraction in Binh Duong reached an estimated USD5.78 billion from 2016 to now, 82.6% of the five-year plan for 2016-2020. With this impetus, the southern province is expected to achieve and exceed USD7 billion for the period.

Export turnover of agricultural, forestry and seafood products reached an estimated USD2.85 billion in July 2018, bringing the figure for the first 7 months of the year to USD22.2 billion, a year-on-year rise of 7.8%, according to the Ministry of Agriculture and Rural Development.

The Mekong Delta city of Can Tho will hold an investment promotion conference on August 10th, inviting investors for 54 projects worth nearly VND124 trillion (more than USD5.3 billion).

Driving forces for Vietnam’s economic growth need to be maintained not only in 2018, but also in the years to come, Prime Minister Nguyen Xuan Phuc said at the Government’s regular meeting on August 1st.

Hanoi’s Consumer Price Index (CPI) in July increased by 0.19% from the previous month, and 3.61% from the same period last year, according to the city Statistics Office.

The seventh phase of the Vietnam - Japan Joint Initiative was launched in Hanoi on July 31st, covering some matters left by the previous phase and new contents.

The country has had 75,793 newly-established enterprises with a total registered capital of more than VND771 trillion in the Jan-July period, a 3.9% rise in number of enterprises and a 11.6% increase in registered capital compared to the same period last year, according to General Statistics Office.

The Forbes Magazine has honored Vietjet Aviation Joint Stock Company (HOSE code: VJC) as one of the Vietnam’s 50 best listed companies in 2018.

The southern province of Tien Giang will host an investment promotion conference on August 9th to speed up socio-economic development and show its determination and commitment to domestic and foreign companies and investors.

The trade balance maintained a surplus of USD3.1 billion in the first seven months of the year, of which the domestic economic sector suffered a trade gap of USD15.1 billion and the foreign-invested area (including crude oil) earned a trade surplus of USD18.2 billion, according to the General Statistics Office.

(CPV) – An investment and tourism promotion conference into Lao’s Sekong has been held in Tam Ky city, the central province of Quang Nam, on July 26th.

A Letter of Intent has been signed between the Vietnam General Department of Customs and the UK Border Force in order to train and improve the capacity of Vietnam’s customs staff, especially the customs control force at ports and airports.

More than 200 enterprises from Taiwan (China) and 100 domestic firms participated in Taiwan (China) Expo and an international fair about agricultural machinery, equipment and after-harvest technology recently held in Ho Chi Minh city.