Trade – Investment

Two-way trade between Vietnam and Australia surged by 58.9 percent year on year in the first month of 2018 to reach USD595 million, according to statistics of the Vietnam Customs.

Vice Chairman of the People’s Committee of Ho Chi Minh city Tran Vinh Tuyen hosted a reception on March 7th for a French business delegation to discuss investment opportunities in urban transport in the city.

(CPV) - Business France Vietnam will support nine French livestock breeding companies at the 7th ILDEX Vietnam international tradeshow in Ho Chi Minh city from March 14th to March 16th, 2018.

(CPV) - The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), also known as TPP11, will yield robust economic gains for Vietnam, says a new World Bank report, released on March 9th as Vietnam and 10 other countries sign the document.

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CP TPP) was officially inked at a ceremony chaired by Chilean President Micelle Bachelet in Santiago de Chile on March 8th.

Vietnam launched a stall at the 43rd International Food and Beverage Exhibition (Foodex 2018) that opened in the Japanese prefecture of Chiba on March 6th.

Ho Chi Minh city’s Consumer Price Index (CPI) in February increased 0.34% from the previous month and 2.41% over a year earlier, according to the city Statistics Office.

Vietnam may export 6.5 million tonnes of rice in 2018, according to Deputy Minister of Agriculture and Rural Development Ha Cong Tuan.

(CPV) - The World Bank and Vietnam’s Ministry of Industry and Trade on March 5th co-launched a USD158 million project to support the efforts of industrial enterprises to adopt energy-efficiency technologies and practices.

The Vietnam-Italy Steel JSC (VIS) plans to lift the cap of foreign ownership in the company from the current limit of 49 percent.

Illegal fishing in foreign waters by Vietnamese boats has declined considerably as a result of drastic efforts to fight illegal, unreported and unregulated (IUU) fishing, said an official of the Ministry of Agriculture and Rural Development (MARD).

Mobile network providers will cut mobile call rates by 20 percent from May 1st, according to a circular issued by the Ministry of Information and Communications in December 2017.

Nearly 18,703 enterprises were formed in Vietnam in the first two months of this year, with a total registered capital of more than VND197.3 trillion (USD8.66 billion).

Deputy Prime Minister Trinh Dinh Dung has recently signed a decision approving adjustments to the master plan on air transport development till 2020 with vision to 2030.

Vietnam granted investment licences to 411 new projects of foreign investors as of February 20th, with a total registered capital of USD1.39 billion which is equivalent to 68.6 percent of the figure for the same period last year.

Fishermen in localities of the central coastal province of Thua Thien - Hue on February 27th launched the first fishing season in the Lunar New Year of 2018.

A memorandum of understanding (MoU) on the construction of a HPP (high pressure processing) technology food manufacturing and processing plant in Vietnam was signed between Minh Hung group, Canada’s MHEnviron group and US's JBT corporation’s Avure Technologies on February 27th.

The 2018 Trade Counsellor Conference was held in Ho Chi Minh city on February 26th to help localities, enterprises and foreign counsellors seek solutions to boost export turnover for Vietnamese products.

(CPV) - The European Commission and the Ministry of Industry and Trade on February 27th kicked off the technical assistance EU - Vietnam Energy Facility, enhancing the implementation of the EUR180 million-EU's energy sector policy support program.

(CPV) - All 10 districts and city in the Central Highlands province of Kon Tum have launched construction of new-style rural areas for the Lunar New Year 2018.

(CPV) - Prime Minister Nguyen Xuan Phuc has adopted the policy frame for the compensation, support and resettlement of the project building a coastal road in Hai Phong city and Thai Binh province.

Prime Minister Nguyen Xuan Phuc gave the order to start construction on the Long Son Petrochemicals (LSP) Complex – the first of its kind in Vietnam – at a ceremony on February 24th in the southern province of Ba Ria-Vung Tau.

The International Trade Centre (ITC) will continue working with Vietnam to improve the competitiveness of its enterprises during their integration into international trade, affirmed ITC Executive Director Arancha González.

Foreign investors registered to invest nearly 1.25 billion USD in Vietnam in January, which will include funding for new projects, in addition to existing projects and buying stakes in projects, which will equal 75.9 percent, compared to the same period last year.

Vietnam’s squid and octopus exports to the US reached USD9.7 million last year, up 94.7 percent from 2016, reported the Vietnam Association of Seafood Exporters and Producers (VASEP).

In the early morning of February 22nd, hundreds of fishing ships of Quang Ngai province caught dozens of tons of anchovy after a night of fishing offshore, bringing high income for fishermen.

Viglacera Corporation on February 22nd started construction of a power project and a wastewater treatment facility at the Dong Van IV Industrial Park in the northern province of Ha Nam.

Up to 1,560 tonnes of dragon fruits underwent customs clearance for export to China via the Lao Cai international border gate on February 17th-18th (the second and third day of the Lunar New Year).

Exports of plastics are expected to grow by 12-15 percent this year, according to the Vietnam Plastics Association (VPA).

Nature has particularly bounteous in the Mekong Delta province of Hau Giang, providing water loaded with minerals that is home to the most delicious thac lac fish (clown knife fish) compared with other regions in the country. The flesh is fragrant, firm and crisp-skinned.