Trade – Investment

The Vietnam – Singapore Industrial Park Joint Company (VSIP) and the Trade Office at the Vietnamese Embassy in Malaysia have organized a workshop to introduce investment opportunities in Vietnam in Malaysia’s capital Kuala Lumpur.

The consumer price index of Vietnam fell slightly by 0.09 percent in July, the General Statistics Office (GSO) announced on July 29th.

The Binh Duong Customs Department has announced that it has defined two key tasks to collect import and export taxes of VND12.9 trillion (roughly USD562 million) as assigned by the Ministry of Finance for this year.

The central city of Da Nang has officially put into operation the second stage of Tien Sa port after two years of construction, bringing its total capacity to 12 million tonnes of cargo per year.

Eight outstanding works of the country were honoured during a programme entitled “Vietnam Glory”, which was held by the Vietnam General Confederation of Labour (VGCL) in Hanoi on Jully 28th, as part of the activities to mark the 89th founding anniversary of the Vietnam Trade Union (July 28th, 1929-2018) and to welcome the 12th Vietnam Trade Union Congress.

The northern province of Vinh Phuc promoted its potential and called for investment at a conference held in Gyeonggi province of the Republic of Korea (RoK) on July 27th.

Experts forecast that the Vietnamese economy will grow by more than 6.8 percent in the last half of this year at the Forbes Vietnam Business Forum 2018 held in Ho Chi Minh City on July 26th.

Vietnam has surpassed Malaysia to become the biggest trade partner of China in ASEAN, Hu Suojin, Trade Counsellor of the Chinese Embassy in Vietnam, said at a press conference in Hanoi on July 26th.

The Hanoi city People’s Committee has issued Decision approving the scheme of a vending machine network at public places by 2020.

Deputy Prime Minister (PM) Trinh Dinh Dung has issued an announcement pushing the progress of Long Thanh Airport.

More than 100 enterprises from China’s Zhejiang province will bring their machinery products, electrical appliances, textiles and household products to Vietnam to join the Zhejiang Export Fair in Ho Chi Minh city.

Total newly-registered, increased and contributed capital to purchase shares by foreign investors reached USD22.94 billion in the first seven months of the year, a 4.6% rise over a year earlier, reported the Ministry of Planning and Investment’s Foreign Investment Agency.

More than 2,000 CBU (Completely Built Up) autos were registered for shipping to Vietnam from July 13th to 19th, a two-fold increase from the previous week, according to the General Department of Customs.

(CPV) - The 2018 South Central Coast seafood, forestry and agricultural products fair will be held from August 1st to 6th in Binh Dinh province.

(CPV) - A fair on One Commune One Product (OCOP) and hi-tech agriculture in the Northern midland and mountainous region will be held from August 31st to September 6th in Thai Nguyen.

(CPV) - Petrovietnam Petrochemical and Textile Fiber JSC (PVTex), An Phat Holdings JSC (APH) and An Son Textile Fiber JSC, on July 24th signed an agreement to process DTY fiber of Dinh Vu Polyester Fibre Plant.

(CPV) - The Binh Son Refining and Petrochemical JSC (BSR) on July 24th signed a memorandum of agreement with Japan Cooperation Centre Petroleum (JCCP) to improve refinery competitiveness in Vietnam.

The 10th M&A Vietnam Forum 2018 will take place in Ho Chi Minh city on August 8th to analyse and assess merger and acquisition (M&A) opportunities and trends in Vietnam in the new era.

The northern coastal road which runs through Quang Ninh, Hai Phong, Thai Binh, Nam Dinh and Ninh Binh localities has a total length of 408 kilometers, according to the Ministry of Transport’s Department of Planning and Investment.

Over the past 20 years, Vietnam has become one of the “bright spots” of industrial production in Southeast Asia from a purely agricultural country, according to a recent report by Jones Lang Lasalle (JLL), a leading US corporation in providing services about real estate management and investment.

The Ministry of Industry and Trade (MoIT) has issued a decision approving the list of prestigious exporters from 2017.

Enterprises need to take actions in order to innovate themselves, towards stronger development amid difficulties, said Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) Vu Tien Loc.

Vietnam will see great momentum for stronger export growth in the second half of 2018, with its export-import turnover estimated to reach the USD500 billion benchmark by 2019.

Cargo volume through the seaport system recorded positive growth with 254.8 million tons, a year-on-year rise of 17%, of which container cargo reached 8.7 million TEUs, a 28% rise over a year earlier, fulfilling 57% of the year’s plan, according to Vietnam Maritime Administration (VMA).

Total litchi volume consumed in the 2018 crop reached 215,800 tons at an average price of VND16,000 a kilogram, grossing a revenue of VND5.75 trillion, according to the Bac Giang Department of Industry and Trade.

The Vietnam Cashew Association (Vinacas) has suggested the State should ask banks to provide USD800 million for importing 500,000 tons of raw cashew for the processing demand in the coming time.

Deputy Prime Minister Vuong Dinh Hue has asked ministries and sectors to promptly issue documents guiding the implementation of the “One Commune, One Product” (OCOP) programme, while calling for financial and credit organisations to support it.

(CPV) – The Binh Son Refining and Petrochemical JSC has organized the first shareholders’ meeting to approve important contents with the participation of 132 shareholders, equivalent to more than 2.9 million shares, accounting for 93.98% of total shares voting at the event.

Deputy Prime Minister Trinh Dinh Dung has approved Bamboo Airways’ investment project at Phu Cat airport in the south central province of Binh Dinh.

Twenty-one socio-economic projects in Hanoi are likely to lag behind schedule in 2020, reported Director of the municipal Department of Planning and Investment Nguyen Manh Quyen in a meeting on July 10th between Hanoi’s leaders and heads of districts.