Trade – Investment

Nearly 200 agricultural businesses from 20 cities and provinces nationwide are participating in a hi-tech agriculture fair in Ho Chi Minh city on June 21st-25th.

Vietnam and the Philippines boast substantial potential to step up their trade and investment cooperation, heard a workshop jointly held by the two countries’ ministries of industries and trade in Ho Chi Minh city on June 20th.

(CPV) - Mytel, the Viettel-owned mobile operator in Myanmar, has signed up more than a million subscribers in just 10 days since it officially began operations on June 9th.

Vietjet Air and the Hanoi People’s Committee have signed a Memorandum of Understanding for comprehensive cooperation at the recent “Hanoi 2018 - Cooperation in Investment and Development” conference.

Ho Chi Minh city’s commodity retail revenue in the first half of the year reaches an estimated VND328.5 trillion, making up 65.38% of the total commodity retail and service turnover, up 12.9% over a year earlier, reported the city Department of Industry and Trade.

(CPV) - In January 2018, the Binh Son Refining and Petrochemical Joint Stock Company (BSR) was successfully privatized. At the same time, the company also divested capital from a number of member units in order to concentrate all resources on production and business, towards sustainable development.

(CPV) - The 18th Vietnam International Agriculture Trade Fair (AgroViet 2018) will take place from June 28th to July 1st in the central city of Da Nang with the participation of 180 domestic and foreign enterprises.

The MSC Rosaria container ship, with a capacity of nearly 5,000 TEUs, has docked at SSIT International Port .

With a total FDI capital of USD5.915 billion in the first half of the year, Hanoi temporarily topped the country in FDI attraction for the first time in 30 years, said Chairman of the city People’s Committee Nguyen Duc Chung in “Hanoi 2018 - Investment and Development Cooperation” conference held on June 17th.

Reform of administrative procedures to facilitate origin certification granting, customs procedures and related process is recommended by experts in order to increase export to China, a potential market with considerable risks.

The Mekong Delta of southern Soc Trang province will host the 2018 Investment Promotion Meeting on June 19th with about 500 participants.

The Vietnam Posts and Telecommunications Group (VNPT) on June 12th officially launched an information technology subsidiary, with the short name VNPT-IT.

Quang Ninh province and the Czech town of Karlovy Vary on June 11th signed a Memorandum of Understanding (MoU) for cooperation in five potential fields: industry, tourism, health care, education-training and human resources.

A workshop to discuss the plan of Da Nang for 2030, with a vision to 2045, was held by the city People’s Committee on June 11th.

Vietnam imported 5.56 million tons of petrol and oil of all kinds in the first five months of 2018, valued at USD3.61 billion, a 35.3% rise over a year earlier, according to the Ministry of Industry and Trade.

The Government and the National Assembly Standing Committee have agreed to ask the legislature to delay the adoption of the draft Law on special administrative-economic units to have more time for research and completion.

(CPV) - AkzoNobel, headquartered in the Netherlands, is organising seminar titled "Smart city - Sustainable city" in Hanoi (June 8th) and Southern hub Ho Chi Minh city (June 21st), seeing the participation of local building owners, architects, and contractors.

High anti-dumping tariff and the US Seafood Import Monitoring Programme (SIMP) are now key barriers facing Vietnamese shrimp exporters.

(CPV) - The Vietnam National Oil and Gas Group (PetroVietnam) contributed VND40.8 trillion to the state budget by the end of May 2018, exceeding the month’s target by 32% and equaling 55% of the year’s target.

Quang Ninh had 1,041 newly-established enterprises in the first five months, with a total registered capital of VND8.963 trillion, a 20.4% rise in number of enterprises and a 142% increase in capital compared to the same period last year, according to provincial Department of Planning and Investment.

Prime Minister (PM) Nguyen Xuan Phuc has signed Directive 13/CT-TTg building the socio-economic development plan and state budget estimate for 2019.

(CPV) - Global Infrastructure Facility (GIF) under the World Bank on June 7th said that Vietnam Electricity (EVN) is one step closer to issuing USD bonds and strengthening its financing capacity, following an endorsement by Fitch Ratings of its credit profile.

The 15th Vietnam International Exhibition on Automobile & Transportation and Supporting Industry (Vietnam AutoExpo 2018) opened in Hanoi on June 6th.

The first Thanh Ha litchi festival will be organized in the northern province of Hai Duong on June 10th to promote the specialty fruit, major agricultural products and specific tourism products of the locality.

The Industrial production index (IPI) rose 9.7% in the first five months of 2018, much higher than the 6.6% recorded in the same period last year, according to the General Statistics Office (GSO).

(CPV) - Viettel Group has announced the business strategy for Mytel (its Myanmar company), which will begin operation on June 9th.

The Airports Corporation of Vietnam (ACV) on June 2nd signed a contract with a joint venture comprising of firms from Japan, France and Vietnam (JFV) for consultancy services and the feasibility study for the first phase of Long Thanh International Airport project.

Prime Minister Nguyen Xuan Phuc directed not increasing electricity prices this year, as one of measures to control inflation below 4 percent as assigned by the National Assembly, during a monthly government meeting in Hanoi on June 2nd.

The Consumer Price Index (CPI) in May increased 0.55% from the previous month, the highest monthly rise in six years since 2012, reported the General Statistics Office (GSO).

(CPV) - Export turnover of agriculture, forestry and fishery products reached an estimated USD3.2 billion in May, bringing the figure for the first five months to USD15.6 billion, a year-on-year rise of 9.9%, according to Ministry of Agriculture and Rural Development.