Trade – Investment

Vietnam had 11,027 newly-established enterprises in May with a total registered capital of VND104.8 trillion, down 24% in number of enterprises and 21.5% in capital from the previous month, according to the General Statistics Office.

The Vietnam Mediation Centre (VMC) was launched on May 29th by the Vietnam International Arbitration Centre (VIAC) under the support of the International Finance Corporation (IFC), a member of the World Bank (WB) Group.

The disbursement of foreign direct investment (FDI) in the first five months of 2018 was estimated at USD6.75 billion, up 9.8 percent year-on-year.

(CPV) - The Embassy of the Republic of Indonesia supported by Vietnam Federation of Civil Engineering Association (VFCA) held a business forum titled “Indonesia – Vietnam Cooperation on Construction and Property” on May 30th 2018 in Hanoi.

(CPV) - Viettel Military Industry and Telecoms Group to open a mobile network in Myanmar on June 9th, 2018, with the brand name of Mytel. This is Viettel’s 10th international market, and the one with the largest population (nearly 53 million people).

As many as 30 Vietnamese companies specializing in organic products are joining international trade exhibition for food and beverages, food technology and retail and franchise in Asia (Thaifex), held from May 29th to June 2nd in Thailand.

An investment promotion conference between People’s Committees of Gia Lai and Ho Chi Minh city was held on May 28th to realize cooperative deals for socio-economic development between the two localities in the 2017-2020 period.

(CPV) - The third international startup conference and exhibition in central Vietnam (SURF 2018) will be organized in Da Nang on June 29th with the participation of more than 2,000 startups.

Vietnam Software and IT Services Association (Vinasa) and Korea IT Cooperation Center (KICC) have officially launched the “K-Startup Grand Challenge 2018”.

(CPV) – The 14th international exhibition on automobiles, motorbikes, electric bicycles and supporting industries (Saigon Autotech & Accessories 2018) opened on May 24th, at Saigon Exhibition and Convention Center, Ho Chi Minh city.

(CPV) - The Cao Lanh “friendship” bridge and its inter-connecting roads opened on May 27th, directly benefiting more than five million people in the Mekong Delta region through improved access to markets and services.

Authorities in the Mekong Delta have tightened management of breeding areas for Tra fish as prices continue to rise.

The quality of Vietnam’s economic growth in 2011-2017 has improved in many aspects with high expansion of gross domestic product (GDP) and increasing labour productivity and incremental capital output ratio (ICOR).

(CPV) - Aiming to achieve the set targets of national program for building new-style rural areas in 2018, the Ministry of Agriculture and Rural Development has developed key tasks.

The Ministry of Industry and Trade’s Trade Remedies Authority of Vietnam said it has issued decisions exempting the application of official safeguard measures for steel germ and long steel products imported in Vietnam, with products and different exemptions for each enterprise.

The southern province of Binh Phuoc has built geographical indications in five aspects for cashew development, said at a meeting held by the provincial People’s Committee and the Ministry of Science and Technology on May 22nd.

The Vietnam Posts and Telecommunications Group (VNPT) and Can Tho People’s Committee have signed a cooperative deal to build the city into a smart urban area in the 2016-2025 period.

The Vietnam Cooperative Alliance and Institute of Vietnam Organic Agricultural Economics have announced a start-up program for young intellectuals and youth in rural areas.

(CPV) – The government leader has approved an adjustment to the overall scheme for socio-economic development in Dien Bien by 2020, with a vision to 2030.

(CPV) - An Australian energy delegation is gathering in Hanoi for the Vietnam - Australia Energy Roundtable 2018, organised by the Australian Government in partnership with Vietnam’s Ministry of Industry and Trade.

Wholesale supermarket MM Mega Market Vietnam has exported more than 100 tonnes of Vietnamese agricultural products to Thailand for selling through 700 Big C malls, where the two retailers share a parent.

The southern province of Dong Nai has been working with agencies on a project to turn Bien Hoa I Industrial Zone into a commercial and service centre.

The World Bank and Vietnam’s Ministry of Transport have launched the Vietnam Logistics Statistical System Project.

(CPV) - The scale of the digital economy is growing rapidly, occupying less than 4% of the global economy in 2016 but being expected to expand to 40% by 2020, a 10 fold increase.

The 18th International Agriculture Trade Fair (AgroViet 2018), hosted by the Ministry of Agriculture and Rural Development, will be held from June 28th to July 1st, in the central coastal city of Da Nang.

The State Treasury of Vietnam has mobilised over VND56 trillion (USD2.46 billion) through Government bond auctions in the Hanoi Stock Exchange since the beginning of this year.

(CPV) - The Ministry of Transport and the World Bank on May 15th hosted a workshop to launch the implementation of the Vietnam Logistics Statistical System Project and highlight the importance of strengthening the transport and logistics sectors to boost trade competitiveness.

Vietnam has been active in implementing nine recommendations related to the fight against illegal, unreported and unregulated (IUU) fishing of the European Commission (EC) to ensure responsible and sustainable fisheries, said Minister of Agriculture and Rural Development (MARD) Nguyen Xuan Cuong.

The 2018 Sen Village Festival and ceremony to recognize Nam Dan district as a new-style rural area will be held on the occasion of 128th anniversary of President Ho Chi Minh’s birth (May 19th).

A ceremony was held in the northern port city of Hai Phong on May 13th to launch the Hai Phong International Container Terminal (HITC) and welcome the first ship to the port.