Trade – Investment

The Cam Pha Port & Logistics Company and Cua Ong Coal Sorting Company under the Vietnam National Coal-Mineral Industries Group (Vinacomin) loaded the first tonnes of coal onto two vessels – the first New Year footers in Cam Phan port, the northern province of Quang Ninh on February 16th (the first day of the Lunar New Year).

In the circumstances of advantageous consumption, the rapid development in breeding, fishing and processing are foundations for hope that the fishery sector will not only fulfill its export target, but also create a new milestone in 2018.

In a policy turnaround, the Government has said it is determined to assist food and beverage importers and producers by reducing inspection times, costs and criteria, opting for businesses to make self declarations instead of being constantly watch-dogged by officials.

The island district of Phu Quoc in the Mekong Delta province of Kien Giang aims to produce at least 1,200 tonnes of pepper in 2018.

Accelerating agricultural restructuring towards large-scale and high-tech production became critical for the sector, which involves 70 percent of the country’s population but contributes just below 20 percent of the country’s gross domestic product (GDP).

(CPV) - Representatives from Vietnam’s Ministry of National Defense, Myanmar’s Ministry of Communications and Information Technology, and other agencies recently gathered at Kempinski Hotel in the capital Nay Pyi Taw to hold the First Call Announcement of Telecom International Myanmar Company Limited (Mytel).

(CPV) - State budget revenue in January 2018 reached VND114.2 trillion (around USD5.02 billion), equivalent to 8.7% of the year’s estimate, and up 5.2% from the same period last year.

To better prepare for Tet (Vietnamese Lunar New Year), the biggest holiday of the year, the State Bank of Vietnam (SBV) and authorities where industrial zones locate have taken several solutions to deal with ATM overload.

Vietnam’s coffee exports are expected to rise in 2018 thanks to projected annual increases of 7.1 percent for domestic yield and 1.3 percent for global consumption in 2017-2018 crop.

A delegation from the Agerina technology group of the Republic of Korea (RoK) on February 9th met with officials of the northern mountainous province of Cao Bang to seek cooperation opportunities in agriculture development with the locality.

Domestic commercial banks on February 8th continued devaluing the USD against the Vietnamese dong for the second consecutive session, despite a rise of the greenback in the global market.

(CPV) - The Ministry of Transport and the Australian Government on February 9th signed an agreement to launch Aus4Transport, a new USD24 million program to support the development of transport projects in Vietnam.

The Ministry of Agriculture and Rural Development (MARD) coordinated with the Ministry of Industry and Trade (MoIT) to organise a trade counsellors’ meeting in Hanoi on February 8th, discussing ways to enhance the export of agricultural products.

As the Vietnamese lunar New Year festival approaches, on February 8th, the Ho Chi Minh city People’s Committee held a meeting with foreign representative offices in the city for reinforcing cooperative friendships.

As the Vietnamese economy is forecast to continue its high growth in 2018, more Japanese firms are likely to invest in the country, said Hironobu Kitagawa, chief representative of Japanese External Trade Organisation (JETRO) in Hanoi.

Vietnam is a magnet for investments from the Netherlands, said Chairman of the Dutch Business Association in Vietnam Edo Offerhaus.

(CPV) - From February 6th-7th, Hanoi and Ho Chi Minh city were selected as the destinations for the Dutch Minister for Foreign Trade and Development Cooperation Ms. Sigrid Kaag since her appointment on last October 26th, which shows the importance the Government of the Netherlands places on its relations with Vietnam.

(CPV) - The US Embassy in Hanoi on February 5th celebrated the opening of the new US Department of Agriculture's (USDA) animal and plant health inspection service (APHIS) office in Vietnam.

Some Vietnamese banks have made meaningful progress in the resolution of legacy problem assets, a positive credit for the sector, Moody’s said on February 5th.

Representatives from Vietnam and the Republic of Korea (RoK) have discussed measures to foster bilateral trade ties, towards a target of USD100 billion in two-way trade by 2020.

Prime Minister Nguyen Xuan Phuc has required every sector to build quarterly growth scenario completed with specific plans, solutions and task assignment, to submit to him before the Lunar New Year (February 16th, 2018).

The prices of all petrol and oil will be kept unchanged in the latest regular adjustment of petrol and oil prices on February 3rd.

The central province of Thua Thien-Hue aims to attract about 10-15 foreign direct investment (FDI) projects with total registered capital of nearly USD400 million in 2018.

The Hanoi Stock Exchange (HNX) raised nearly VND19.36 trillion (USD849 million) through 12 Government bonds auctions in January, up 63.3 percent over the previous month.

Deputy Prime Minister Vuong Dinh Hue has asked for a breakthrough in improving the health of businesses, especially State-owned enterprises (SOEs) in 2018.

More than 5,000 products at Co.opmart, Co.opXtra and Co.op Food supermarkets nationwide will be discounted in order to serve the consumption and shopping demand during the Lunar New Year (Tet).

The Hanoi People’s Committee has ratified a project developing key industrial products of the city by 2020, towards 2025.

Vietnam saw nearly 11,000 enterprises registering for new establishment in the first month of the year, with a total capital of VND98.3 trillion, up 20.6% in number of enterprises and up 8.9% in capital over a year earlier, according to the General Statistics Office.

Vietnam’s total commodity export and import value reached an estimated USD38.3 billion in January 2018, a year-on-year rise of 39.9%, according to statistics of the General Department of Customs.

As many as 640 enterprises qualified for the certification of high-quality Vietnamese goods in 2018, announced the High-quality Vietnamese Product Business Association on January 30th.