Trade – Investment

Overseas remittances to Ho Chi Minh city through credit institutions by the end of March 2018 reached USD1.12 billion, a 4.5% rise from the same period last year, said the State Bank of Vietnam’s branch in the southern hub.

The northern province of Vinh Phuc has called for investments in support industries for automobile, motorbike and electronic production, said Nguyen Van Tri, Chairman of the provincial People’s Committee.

The opening of a national booth of Cuba at Vietnam Expo 2018, to be held in Hanoi from April 11th-14th, will be a good chance for Vietnamese and Cuban businesses to facilitate their partnership and tap into the economic cooperation potential between the two countries.

The Vietnamese Ministry of Agriculture and Rural Development (MARD) will urge the US to promptly conduct a field study of Vietnam’s tra fish market, said an official.

Vietnam gained USD934 million from fruit and vegetable exports in the first quarter of 2018, up 33.4 percent from the same period last year with China, Japan and the United States remaining top importers.

(CPV) - The 4th International Mining and Minerals Recovery Exhibition (Mining Vietnam 2018) will be held from April 18th to 20th at International Exhibition Convention, No.91 Tran Hung Dao street, Hanoi.

In 2018, Saigon Union of Trading Co-operatives (Saigon Co.op) strives to achieve a 10% rise in revenue from the previous year, and will expand and develop new business network to better serve customers.

Standing Deputy Chairman of Ho Chi Minh city People’s Committee Le Thanh Liem recently signed a Decision carrying out two market stabilization programs for 2018 and Lunar New Year 2019.

(CPV) - Binh Son Refining and Petrochemical Company Limited (BSR) continuously developed production, business and achieved positive results in 2017.

The Central Highlands province of Dak Nong has approved in principle a solar power project, worth VND1.1 trillion (USD48.4 million), in Truc Son commune, Cu Jut district, the provincial People’s Committee announced on April 4th.

The Vietnam Posts and Telecommunications Group (VNPT) on April 2nd announced decisions on organization and personnel under the restructuring plan for the 2018-2020 period.

The Vietnam Dairy Products Joint Stock Company (Vinamilk) targeted a revenue of VND55.5 trillion (USD2.46 billion) and a post-tax profit of VND10.75 trillion (USD477 million) this year, up 8.5 percent and 4.6 percent, respectively.

The construction of a solar power plant with a capacity of 50 MW kicked off in Phuoc Dinh commune of Thuan Nam district, the south central province of Ninh Thuan, on March 31st.

(CPV) – Vietjet Air has been named in the "Vietnam’s Top 100 Best Places to Work in 2017” survey for four consecutive years.

Ho Chi Minh city attracted USD1.28 billion of foreign direct investment (FDI) capital in the first three months of the year, a 3.8 fold increase over a year earlier, said Mr. Su Ngoc Anh, Director of the city Department of Planning and Investment, in a press conference on March 29th.

Ho Chi Minh City reeled in USD1.28 billion in foreign direct investment (FDI) in the January-March period, 3.8 times higher than that the same period of 2017, via newly-licensed and added investments and share purchase.

GDP (Gross Domestic Products) in the first three months of 2018 achieved an estimated growth of 7.38% against the same period last year, the highest rate of the first quarter within the last 10 years.

After rising sharply to 0.73% in February (Tet month), the Consumer Price Index (CPI) dropped to 0.27% in March, reported General Statistics Office (GSO).

Vietnam’s commodity export and import turnover reached an estimated USD38.8 billion in March, up 36.8% from the previous month, reported General Department of Customs.

Total newly-registered, increased and contributed capital to buy shares reached an estimated USD5.8 billion in the first quarter of 2018, 75.2% of the same period last year, according to Ministry of Planning and Investment’s Foreign Investment Agency.

Vietnam saw 8,082 enterprises established in March 2018 with a total registered capital of more than VND81.156 trillion, a 2.8% rise in number of enterprises but a 18% decrease in capital, according to the Ministry of Planning and Investment.

(CPV) - The Guangxi management agency has requested that fruits imported from Vietnam to China through border gates in Guangxi be traceable to their source, according to the Asia-Africa Market Department under Ministry of Industry and Trade.

The FLC Group on March 26th signed a Memorandum of Understanding (MoU) with Airbus to buy up to 24 A321neo aircraft for Bamboo Airways.

(CPV) - A seminar to discuss achievements and experiences learned from the Nordic socio-economic model has been co-organized by Embassies of Denmark, Finland, Norway and Sweden and Ho Chi Minh National Academy of Politics.

The State Bank of Vietnam (SBV) and the Republic of Korea (RoK)’s Financial Services Commission (FSC) has signed a memorandum of understanding on cooperation in the field of financial innovation in Hanoi.

(CPV) - A new WB study titled “The challenge of agricultural pollution: Evidence from China, Vietnam, and the Philippines” highlights the incidence, drivers and significant consequences of agricultural pollution in these countries.

Chairman of the Hanoi People’s Committee Nguyen Duc Chung has assured Japanese businesses that the capital city of Vietnam will be an attractive and successful investment, business and tourism destination for them.

Deputy Prime Minister Vuong Dinh Hue stated that Vietnam attaches importance to economic ties with the Republic of Korea (RoK) during a meeting with his Korean counterpart Kim Dong-yeon in Hanoi on March 23rd.

A report by the Korea International Trade Association (KITA) said Vietnam would overtake the US to become Korea’s second largest export market by 2020 thanks to the implementation of a bilateral free trade agreement (FTA).

(CPV) - The 13th international exhibition on processing and packaging (ProPak Vietnam 2018) and the 7th international exhibition on technology, machinery and materials for plastics and rubber (Plastics & Rubber Vietnam 2018) opened in Ho Chi Minh city on March 20th.