Trade – Investment

The prices of oil and petrol were kept unchanged following the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance on July 7th.

Trung Nam Solar Power JSC, a member of Trung Nam Group, on July 7th kicked off construction of a VND5 trillion (USD216.5 million) solar power plant in Thuan Bac district, the south-central coastal province of Ninh Thuan.

(CPV) - ESMO from the Republic of Korea has started its first wiring harness factory in Vietnam namely ESMO VINA in Gia Phu industrial cluster, Gia Vien district, Ninh Binh province.

The Mekong Delta province of An Giang earned over USD388.3 million from its exports in the first half of this year, up 10.5 percent year on year, said Director of the municipal Department of Industry and Trade Vo Nguyen Nam.

An investment promotion workshop was held in Singapore on July 6th to introduce the strengths, policies, and opportunities of the central province of Quang Binh to Singaporean investors.

The State Treasury of Vietnam has recently raised VND2.81 trillion (USD123.7 million) via an auction of Government bonds (G-bonds) held by the Hanoi Stock Exchange (HNX).

Vietnam’s fishing sector will employ drastic solutions to deal with the European Commission (EC)’s warning of illegal, unreported, and unregulated (IUU) fishing during the second half of this year, said an official of the Ministry of Agriculture and Rural Development (MARD).

Vietnam’s rice export turnover to Malaysia reached nearly USD122.4 million in the first five months of the year, a year-on-year rise of 177%, according to the latest statistics.

A seminar highlighting economic cooperation between Lombardy region of Italy and Vietnamese cities and provinces took place in Milan city on June 29th.

Export value of aquatic products was estimated at USD732 million in June, bringing the figure for the first half of the year to USD3.94 billion, up 10.5 percent annually, according to the Ministry of Agriculture and Rural Development.

Vietnam’s gross domestic product (GDP) expanded 7.08 percent in the first half of the year, marking the highest rate since 2010, fueled by robust expansion of the industrial and construction sector and service sector, according to the General Statistics Office (GSO).

Nearly 100 businesses of Vietnam and Laos gathered at a conference in Vientiane on June 29th to seek partnership opportunities, an activity within the framework of the Laos-Vietnam Trade Fair 2018.

About 87,000 tons of Thieu litchi harvested in Bac Giang province have been exported to 30 countries from the start of this year’s crop, reported the Ministry of Agriculture and Rural Development.

As of June 20th, Vietnam has had 1,366 newly-licensed projects with a total registered capital of USD11.8 billion, 99.7% of the same period last year, reported the Ministry of Planning and Investment’s Foreign Investment Agency.

(CPV) - The most remarkable start-up event in Central Vietnam, the 3rd International Start-up Conference and Exhibition in Da Nang - SURF 2018 with its final big day on June 29th has welcomed more than 2,000 turns of local and international visitors, and 73 booths.

Airbus on June 27th signed two agreements with the University of Science and Technology of Hanoi (USTH) to assist the establishment of new international aviation degree programs at its Department of Space and Aeronautics.

The World Economic Forum on ASEAN 2018 (WEF ASEAN 2018) will be held from September 11th to 13th in Hanoi with the participation of leaders of ASEAN, regional and international organizations.

The US Department of Agriculture is finalizing final procedures to import fresh mangoes from Vietnam. This result comes after the efforts of both sides for more than half of a year to reach the agreement about the principles of opening their product markets.

FDI capital in real estate tends to increase in recent years, said the Ho Chi Minh city Real Estate Association in a report about the reality and solutions to develop the market in the 2016-2020 period.

The scheme for the development of Ho Chi Minh city’s trade sector by 2025, with an orientation for 2030, has been announced by the city Department of Industry and Trade.

The Vietnam National Shipping Lines (Vinalines) has announced that the privatization plan of its parent company has received approval of Prime Minister (PM) Nguyen Xuan Phuc.

(CPV) - The Australian Embassy in Hanoi will open applications for the Australian Government’s Direct Aid Program (DAP) grant round 2018-2019 on July 1st, for projects covering Northern localities and Thua Thien-Hue province.

Mavin Group has become the first business in Vietnam to officially export fresh pork to a foreign market when the first batch was shipped to Myanmar, a success of not only the company but also the country’s animal farming sector.

Deputy Prime Minister Trinh Dinh Dung has asked ministries, especially the Ministry of Transport (MoT), to speed up preparations to ensure all sections in phase I of the North-South Expressway will be completed in 2021.

Experts proposed a number of measures to improve the quality of growth and competitiveness of the economy in Ho Chi Minh City at a seminar on June 23rd.

The southern province of Dong Nai attracted USD902 million in foreign direct investment (FDI) in the first six months of the year, accounting for over 90 percent of the yearly plan and up 48 percent from the same time in 2017.

The southernmost province of Ca Mau is working to turn its famous Ca Mau Cape tourism area into the largest key economic area in the province by 2025.

Hanoi and Ho Chi Minh City were presented with the best marketing campaign award at the closing session of the eighth Tourism Promotion Organisation for Asian-Pacific Cities (TPO) Forum on June 22nd.

UnionPay International (UPI), a subsidiary of China UnionPay, said on June 21st that it has signed a cooperation agreement on payment by QR code with Vietnam Payment Solution Joint Stock Company (VNPAY) - the biggest QR code payment firm in Vietnam.

Creating a transparent business environment will make the central province of Thua Thien-Hue become an attractive destination for foreign direct investments (FDI), heard a conference held in the locality on June 22nd.