Trade – Investment

A smart city project worth more than USD4 billion invested by the Sumitomo - BRG joint venture is expected to commence in Hanoi in the first quarter of 2018.

The 15th Vietnam International Trade Fair (Vietnam Expo 2017) and Vietnam Hardware & Hand Tools Expo 2017 opened on December 6th at the Saigon Exhibition and Convention Centre, Ho Chi Minh city.

Vietnam Expo 2017 will be held by the Trade Promotion Agency under the Ministry of Industry and Trade, Vietnamese Embassy in Myanmar and Myanmar’s Ministry of Trade at Tatmadaw Hall, Yangon, Myanmar, on December 14th-17th.

Vietnam’s 100 most sustainable businesses 2017 were announced at a ceremony in Hanoi on December 6th.

The Premier of Ontario (Canada) Kathleen Wynne announced six new agreements between organisations from Vietnam and Ontario, including five in education, during a trade promotion event on December 6th as part of Ontario’s 2017 Business Mission to Vietnam.

(CPV) - Vietnam retail banking forum 2017 co-organized by Vietnam Banks Association and IDG ASEAN takes place on December 5th-6th in Hanoi under the theme “The future of retail banking & payment in the fourth industrial revolution”.

(CPV) - The Vietnam national flag carrier Vietnam Airlines on December 5th organised a ceremony to welcome the 200 millionth passenger at Ho Chi Minh city-based Tan Son Nhat International Airport.

The US Department of Agriculture’s Animal and Plant Health Inspection Service (APHIS) has given permission to fresh mango fruit imports from Vietnam to the US, which will be effective from December 29th.

Eight Vietnamese grassroots projects in the fields of education, health and infrastructure development received about USD642,000 in grants from the Japanese government on December 1st.

Chairman of the Ho Chi Minh city People's Committee Nguyen Thanh Phong received Mr. Shim Won Hwan, Director General of Samsung Vietnam, on November 30th.

A seminar to improve export and service capacity for micro, small and medium-sized enterprises (MSMEs) was held on November 29th-30th on the sidelines of the Asia-Pacific Economic Cooperation (APEC) forum.

The Vietnam Railway Corporation’s Railway Transport and Trade JSC (Ratraco) on November 30th launched the first container train to China from Yen Vien station in Hanoi.

Vietnam’s stock exchange development is forecast to overtake the Philippines in 2017, stated an article carried by the US financial news agency Bloomberg.

The 15th Vietnam International Trade Fair (Vietnam Expo 2017) will take place at the Saigon Exhibition and Convention Centre in Ho Chi Minh city on December 6th-9th.

(CPV) - The first-ever Fintech Challenge Viet Nam was official launched on November 28th 2017 in Ha Noi at the State Bank of Viet Nam (SBV).

Vietnam has set up a project to promote high-quality Vietnamese coffee backed by about VND170 billion VND (USD7.5 million).

(CPV) - The Binh Duong People’s Committee and the Netherlands Consulate General in Ho Chi Minh city co-organized the second Smart City Summit Binh Duong 2017 from November 25th - 27th.

The amount of overseas remittance flows into Ho Chi Minh city reached USD3.9 billion in the first 11 months of the year and the figure is forecast to rise sharply in the rest of the year, said Nguyen Hoang Minh, Deputy Director of the State Bank of Vietnam in the city.

The Government leader has decided to recognize Nghia Hung district in the northern province of Nam Dinh as a new-style rural area.

Total foreign direct investment (FDI) in Vietnam reached an estimated USD33.09 billion in the January-November period, a year-on-year rise of 82.8%, according to the Ministry of Planning and Investment’s Foreign Investment Agency.

The Ho Chi Minh city People’s Committee on November 26th launched a plan to transform the southern metropolis into a smart city in the 2017-2020 period, with a vision to 2025.

A ground-breaking ceremony for a USD19-million-production area funded by investors from Taiwan (China) took place in the Bau Bang Industrial Park of southern Binh Duong province on November 24th.

E-commerce platforms are trying to emulate the famous Black Friday sale in the US with a massive advertising campaign announcing attractive discounts.

Financial technology (fintech) should be used to strengthen regional integration and promote inclusive and sustainable development, speakers said at the 47th ASEAN Banking Council Meeting in Da Nang on November 24th.

The Water Resources Directorate (WRD) plans to repair some 700 reservoirs at high risk of bursting by 2030, an official has said.

Vietnam’s key agricultural products were introduced in Ukraine during the Food Expo 2017 that opened in Kiev on November 23rd.

The Food Transparency Association (FTA) has made its debut in Ho Chi Minh city with 59 members being individuals, farm owners, co-operatives, agricultural start-ups, manufacturers, retailers, raw materials suppliers and service providers.

The Ministry of Agriculture and Rural Development has approved a framework project to develop Vietnam’s high-quality coffee with a total expected expense of about VND170 billion.

The eighth conference on economic corridor cooperation between Lao Cai, Hanoi, Hai Phong, Quang Ninh (Vietnam) and Yunnan (China) opened in the northern port city of Hai Phong on November 22nd.

Producers and distributors in Ho Chi Minh city prepared more than VND17.8 trillion to produce, stockpile and supply goods for the Lunar New Year (Tet) 2018; an increase of VND743 billion (4.1%) from Tet last year.