Trade – Investment

The US’s recent ruling to impose unprecedentedly high import duties on frozen Tra fish fillets from Vietnam shows a level of unfairness and is not in line with the usual antidumping law provisions, said Secretary General of the Vietnam Association of Seafood Exporters and Producers (VASEP) Truong Dinh Hoe.

Small and medium-sized enterprises (SMEs) will benefit from support policies of the State in areas such as information support, consultancy, human resources development, start-ups, participation in sectoral connection and value chain.

In the first two months of 2018, the country imported 1,349 tons of beef from the US, worth USD8.9 million and 948 tons from Australia, worth USD6.6 million, according to General Department of Customs.

The detailed plan of a concentrated aquaculture area in Nhon Trach district for the 2017-2020 period, with an orientation to 2030, has been approved by the Dong Nai provincial People’s Committee.

The Hanoi industrial clusters development scheme until 2020, with consideration to 2030, has received the approval of the city People’s Committee.

The Vietnamese engineering sector aims to engage deeper in global value chain and specialised industries that use advanced technologies to make quality products, under a strategy to develop the sector by 2025 with vision toward 2035 recently approved by the Prime Minister.

(CPV) - E5 petrol product of the Binh Son Refining and Petrochemical Company Limited (BSR) has been honoured among the Top 10 Vietnamese product brands.

Vietnam Expo 2018, themed “Enhancing regional and global economic links”, will take place from April 11th to 14th at Hanoi International Exhibition Center, No.91 Tran Hung Dao, according to Ministry of Industry and Trade.

(CPV) - The first Vietnam Agri-business show (Agri Machinery & Tech Vietnam 2018) opened on March 14th, at Sai Gon Exhibition and Convention Center, Ho Chi Minh city.

Many Singaporean firms are interested in investing in the food industry, agriculture, and dining services in Vietnam as they forecast that these sectors will thrive in the near future amidst broader ASEAN integration.

Prime Minister Nguyen Xuan Phuc has urged Australian companies to invest in the potential market of Vietnam at the Vietnam-Australia Business Forum in Sydney on March 16th, which was held during the Vietnamese PM’s official visit to Australia.

An ASEAN-Australia Special Business Conference was organised on March 16th in Sydney, New South Wales, within the framework of the on-going ASEAN-Australia Special Summit.

Ho Chi Minh city wants to receive further assistance from the Japan International Cooperation Agency (JICA) in a number of key infrastructure projects, said Chairman of the municipal People’s Committee Nguyen Thanh Phong.

Prime Minister Nguyen Xuan Phuc expressed his delights over the increasing role of the Vietnamese Business Association in Australia (VBAA) in the host nation as well as its significant contributions to promoting bilateral economic ties.

Secretary of the Ho Chi Minh City Party Committee Nguyen Thien Nhan expressed his wish that the International Monetary Fund (IMF) will continue support for the city in addressing issues arising from the urban development.

The European Chamber of Commerce in Vietnam (EuroCham) released the 10th edition of the Whitebook in Hanoi on March 15th.

Ministries, sectors and localities should improve the efficiency of communications campaigns to encourage people to buy more locally-made products as a way to show their support for the domestic manufacturing industry.

Some 90% of European companies in Vietnam now intend to maintain or increase investment in 2018, according to the European Chamber of Commerce in Vietnam (EuroCham).

The central province of Quang Ngai on March 14th launched Vietnamese Consumer Rights Day 2018, themed “Healthy Business - Sustainable Consumption”.

The HCM city Department of Industry and Trade joined hands with the city Export Processing and Industrial Zone Authority and the management board of the Saigon Hi-tech Park to connect support industry suppliers at a festival in Ho Chi Minh city on March 14th.

The Hanoi Stock Exchange (HNX) has announced the parent company Hanoi Trading Corporation (Hapro) is going for an initial public offering that will be scheduled on March 30th.

(CPV) - Latest figures, published by the Tanzania Communications Regulatory Authority (TCRA), show that with over 3.8 million subscribers, the Vietnam Military-run Industry and Telecommunications Group’s Halotel’s market share reached a double-digit level of 10%, up from 9% in 2017.

The People’s Committee of the southern province of Binh Duong on March 12th granted investment certificates to 19 projects.

(CPV) - AEON MALL Co., Ltd on March 11th kicked off its 5th mall in Vietnam at Duong Noi ward, Ha Dong district. It is the 2nd one in Hanoi city after AEON MALL Long Bien.

Deputy Prime Minister Vuong Dinh Hue has attended a groundbreaking ceremony for the WHA Hemaraj Nghe An Industrial Zone project in the central province.

Total revenue of the State budget reached VND215.76 trillion (USD9.47 billion) in the first two months of 2018, equivalent to 16.1 percent of the yearly estimate and up 12.7 percent year-on-year, said the Ministry of Finance.

The newly-signed Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), of which Vietnam and Chile are members, is expected to be a new push for the economic, trade and investment cooperation between the two nations, said Vietnamese Ambassador to Chile Nguyen Ngoc Son.

Demand for industrial land around the country is expected to increase thanks to significant growth in terms of both industrial production and FDI.

Micro-, small- and medium-sized enterprises (MSMEs) account for nearly 97 percent of the total number of businesses in Ho Chi Minh City, with more than 90 percent of newly-established ones every year belonging to this category.

Vietnam’s total export value was estimated at 33.62 billion USD by the end of February, a year-on-year increase of 22.9 percent, revealed the General Department of Customs.