Trade – Investment

Vietnam and the Middle East hold potential to boost trade and investment, as heard the Vietnam – Middle East trade forum held in Ho Chi Minh City on May 11th.

National flag carrier Vietnam Airlines aims to serve more than 24.3 million passengers and earn consolidated net profit of over USD97 trillion (USD4.27 billion) in 2018.

The Vietnam Cooperative Alliance will organize a trade promotion fair (Coop-Expo 2018) from May 18th to 20th in order to intensify connection between supply and demand and attract more investment in the cooperative economy nationwide.

(CPV) - An additional 10 enterprises was recognized for meeting the standards of high-quality Vietnamese goods for integration at a conference to seek opportunities in the period of market connection and integration, held on May 10th in Hanoi.

(CPV) - Roundtable discussions on fostering efficient operation and management of public transport and sharing successful experience of Sweden in emerging countries were co-organized by the Embassy of Sweden, Swedish Trade and Invest Council, and Hanoi People’s Committee on May 7th.

Singapore’s Gemadept and Sao Do Group put Nam Dinh Vu port (the first stage) into operation in Nam Dinh Vu industrial park in the northern port city of Hai Phong on May 7th.

Representatives from the Ministry of Finance and the Kuwait Fund on May 7th signed a loan agreement worth USD13.325 million for launching multi-target development project for ethnic minority-inhabited areas in poor communes of Xin Man district, northern mountainous Ha Giang province.

(CPV) - With the assistance of the Quang Ninh Port Joint Stock Company in Cai Lan port, US Department of Agriculture and US Grains Council representatives have welcomed the first direct shipment of US corn to Vietnam.

The European Union (EU) will help Vietnam to ensure electricity access in rural, mountainous and island areas via the EUR108 million Energy Sector Policy Support Programme using its non-refundable aid.

Vietnam earned USD1.1 billion from exporting 2.16 million tonnes of rice in the first four months of 2018, up 35.7 percent in value and 21.7 percent in volume.

The 2018 Vietnam Cafe Show opened on May 3rd at Saigon Exhibition and Convention Center, Ho Chi Minh city, with the participation of 100 exhibitors from 12 countries.

More than USD8 billion of foreign direct investment (FDI) capital was registered for investment in Vietnam in the first four months of this year, equivalent to 76.1% of the same period in 2017, according to an announcement by the Foreign Investment Agency (FIA), under the Ministry of Planning and Investment.

The Government of the Republic of Korea (RoK) will provide a non-refundable aid package worth USD5.5 million to help Vietnam carry out a project on upgrading and developing the national investment information system for 2018 - 2021.

The World Economic Forum on ASEAN (WEF ASEAN) 2018 is scheduled to take place in Hanoi from September 11th - 13th, featuring entrepreneurship and the fourth industrial revolution (Industry 4.0).

As many of 100 renowned domestic and international cafe brands are taking part in the Vietnam Cafe Show 2018, which opened in Ho Chi Minh city on May 3rd.

A programme to promote culture exchange and trade-tourism cooperation between the Mekong Delta province of Dong Thap and the Xin Zhu district of Taiwan (China) took place in Cao Lanh city on April 29th.

Deputy Prime Minister Vuong Dinh Hue has agreed with the proposal of the Ministry of Finance to exempt three airlines from import tax.

Vietnam’s consumer price index (CPI) in April went up 0.08 percent monthly and 2.75 percent annually, pushing up the four-month figure by 2.8 percent year-on-year, reported the General Statistics Office (GSO) on April 29th.

Exports of agro-forestry-fishery products in the first four months of the years were estimated at USD12.3 billion, a year-on-year surge of 11.9 percent, according to the Ministry of Agriculture and Rural Development.

Vietnam was listed among the world’s top 10 recipients of remittances in 2017, according to the latest report of the World Bank.

Vietnam recorded a trade surplus of USD3.1 billion as of April 15th, 2018, according to the latest statistics of the General Department of Vietnam Customs.

The northern province of Vinh Phuc has granted investment licenses to two projects from the Republic of Korea (RoK), raising the total capital from RoK firms to over USD1.36 billion.

The Vietnam Airlines Corporation earned nearly VND1.46 trillion (USD64.3 million) in pre-tax profit in the first three months of the year, 6.2 percent higher its set plan.

Automechanika Ho Chi Minh city, the leading international business platform for the automotive service sector in Vietnam, on April 25th opened at Saigon Exhibition and Convention Center.

Prime Minister (PM) Nguyen Xuan Phuc agreed to permit PetroVietnam Power Corporation (PV Power) to invest in Nhon Trach 3 and Nhon Trach 4 thermo-power plants.

The Can Giuoc-Can Gio ferry was inaugurated in the Mekong Delta province of Long An, on April 21st.

The construction of the flyover along the Belt Road No.2, connecting Vinh Tuy bridge to Nga Tu So interchange was kicked off on April 22nd in Hanoi.

(CPV) - A seminar to seek development orientations for Vietnam’s refining and petrochemical industry has been held by the Vietnam Oil and Gas Association at Binh Son Refining and PetroChemical Joint Stock Company (BSR).

A conference to connect supply and demand of farm products and seek solutions to develop sustainable agricultural products of Hanoi in 2018 has been held by the city Department of Industry and Trade.

The Da Nang People’s Committee and FPT Joint Stock Company have signed a Memorandum of Understanding on cooperating to develop the central hub into a smart city during the 2018-2020 period.