Trade – Investment

A ceremony to announce the export of lotus roots to the Japanese market through official channels was held in Thap Muoi district, the Mekong Delta province of Dong Thap, on May 7.

Wood and wood product exports are estimated to reach 4.8 billion USD in the first four months of the year, up 23.7% over the same period last year.

The Vietnam National Coal-Mineral Industries Holding Corporation Limited (Vinacomin) said it gained nearly 8.5 trillion VND (2.24 billion USD) in revenue in the first four months of this year, a year-on-year increase of 4%.

Foreign and domestic investment in the southern province of Ba Ria - Vung Tau stood at almost 1.63 billion USD and over 25.93 trillion VND (1 billion USD) during the first four months of 2024, surging 7.2-fold from a year earlier.

Experts and representatives from organisations shared their views on Vietnamese semiconductor human resources in the global supply chain at a conference in Hanoi on May 4.

Vietnam has been applying itself to making institutional, infrastructure, and manpower improvements in efforts to attract more foreign investment, especially in such big industries as electronics and semiconductor, said Deputy Minister of Planning and Investment Do Thanh Trung.

Visakan Biotechnology Investment and Development Joint Stock Company (Visakan) under Hung Nhon Group on May 2 held a ceremony in the northern province of Bac Ninh marking its export of the first batch of veterinary medicine to the Islamic (Halal) market.

Vietnam’s foreign direct investment (FDI) in the first four months is estimated at 6.28 billion USD, a year-on-year rise of 7.4%, marking the highest four-month realized FDI capital over the past 5 years, according to the General Statistics Office (GSO).

Import and export turnover of goods reached 238.88 billion USD in the first four months of 2024, a year-on-year rise of 15.2%, according to the General Statistics Office (GSO).

Total state budget revenue in Hanoi in the first four months of 2024 is estimated at 198.1 trillion VND, equivalent to 48.5% of the year’s estimate and up by 6.4% over the same period last year.

Vietnam's import-export revenue reached 238.88 billion USD in the first four months of this year, with trade surplus reaching 8.4 billion USD, higher than the 7.66 billion USD recorded in the same period last year, according to the General Statistics Office (GSO).

The total foreign direct investment (FDI) disbursed in Vietnam in the first four months of this year is estimated to reach 6.28 billion USD, up 7.4% year on year, the highest four-month amount in the past five years, reported the General Statistics Office (GSO).

Since the national reunification on April 30, 1975, Vietnam has obtained admirable economic achievements and is now on its way to become the 20th largest economy in the world.

Vietnam’s agro-forestry-fishery exports to the Republic of Korea (RoK) have surged thanks to the bilateral Free Trade Agreement (VKFTA), topping 2 billion USD annually during 2016 - 2023, and the Northeast Asian country is forecast to remain an attractive market in the coming time.

Vietnam maintained its third position in the number of investment deals and regained the third place in terms of total investment in startups in Southeast Asia.

With positive results recorded so far, Vietnam can exceed its target of 7.6 million tonnes in rice export volume set for 2024, Nguyen Ngoc Nam, Chairman of the Vietnam Food Association, said at a conference in the Mekong Delta city of Can Tho on April 26.

Leaders of Vietnam’s southern Long An province and Japan’s Okayama city engaged in a dialogue on April 26 to discuss cooperation between the two localities.

Better investment climate, with simplified administrative producers and special incentives, has helped improve investor confidence, thus catalysing investments from a wider pook of both domestic and international investors for socio-economic development.

Vietnamese airlines are expected to operate 9,000 flights on domestic routes to meet the travel demand during the upcoming National Reunification Day (April 30) and May Day (May 1) holidays, according to the Airports Corporation of Vietnam (ACV).

The 78.5km Cam Lam - Vinh Hao Expressway, one of the three sub-projects of the North - South Expressway project’s eastern wing, officially opened to traffic on April 26.

Among 15 countries that are competing fiercely to export seafood to Singapore, Vietnam has risen to become one of the five largest seafood exporters to the market.

(CPV) - National Australia Bank (NAB) opened its new office in the heart of Ho Chi Minh City on 25 April 2024.

The 2024 Vietnam E-commerce Index Report was announced by the Vietnam E-Commerce Association within the framework of Vietnam Online Business Forum (VOBF) taking place in Hanoi on April 25.

(CPV) - Eight Australian Mining Equipment, Technology and Service (METS) companies are joining Mining Vietnam 2024, supported by the Australian Trade and Investment Commission (Austrade), to promote sustainable mining cooperation between Australia and Vietnam.

Lao Cai’s import and export turnover in April increased by 60% from the same period last year, according to statistics from the provincial Department of Industry and Trade.

The Ministry of Culture, Sports and Tourism has just issued Decision QD-BVHTTDL recognizing Moc Chau Tourist Area in the northwestern province of Son La as a national tourist area.

In the first quarter of 2024, Vietnam’s pangasius exports to the UAE market reached more than 7 million USD, up 67% year on year.

With a population of more than 100 million people, Vietnam is becoming an attractive market for cosmetics manufacturers and distributors.

Cai Mep Port in Phu My town, Ba Ria - Vung Tau province has been ranked among the 30 largest container ports in the world for the first time, based on throughput, according to the latest announcement by consulting firm Alphaliner.

(CPV) - The Central Institute for Economic Management (CIEM) is conducting research on creative economic development, basic concepts of the creative economy, the main development trends of the creative economy in the region and the world, learning about the experiences of some countries, for comparison with the current situation in Vietnam and proposal of policy recommendations.