Trade – Investment

As of mid-October, 14 APEC member economies have invested in the southern province of Dong Nai a total capital of over USD21.6 billion, the provincial Department of Investment and Planning has reported.

The central coastal city of Da Nang on November 1st opened traffic for a road tunnel at the intersection of Dien Bien Phu and Nguyen Tri Phuong streets to promptly welcome APEC 2017 Summit Week.

The Vietnam Rubber Group (VRG) has targeted annual sales of VND40 trillion (USD1.76 billion) after equitisation.

Exports of fruits and vegetables in October are estimated to reach USD209 million , raising total export value of the products to USD2.84 billion in the first 10 months of this year, up 41.2 percent over the same period of 2016.

StreamNet, a joint venture between Vietnam Posts and Telecommunications Group (VNPT) and Myanmar’s Elite Telecom Public Co., Ltd., was launched in Yangon on October 27th in the presence of Minister of Information and Communications Truong Minh Tuan.

The industrial production index rose by 17 percent year-on-year in October, pushing the ten-month increase by 8.7 percent, higher than a 7.3 percent rise from the same period last year and 7.9 percent growth recorded in nine months.

Prime Minister Nguyen Xuan Phuc urged the Saigon Hi-tech Park (SHTP) to develop itself into a Silicon Valley in the region during a ceremony marking its 15th founding anniversary in Ho Chi Minh city on October 29th.

The Consumer Price Index (CPI) in October gained 0.41 percent over September and 2.98 percent year-on-year, largely driven by impacts of storms and historic floods in northern and central Vietnam earlier this month.

The Ministry of Transport (MoT) has proposed to the Prime Minister four different plans to operate airfields in the future, aiming to narrow a yawning gap between the Airports Corporation of Vietnam (ACV)’s revenue and expenditures.

Vice Chairman of the Hanoi People’s Committee Nguyen Doan Toan had a meeting on October 27th with Belarus Deputy Minister for Industry Aleksandr Ogorodnhik on cooperation in public transportation and health care in Hanoi.

Minister, Chairman of the Government Office, Mai Tien Dung, has urged the Ministry of Agriculture and Rural Development (MARD) to simplify quality control procedures to facilitate imports and exports.

Vietnam is one of the most important economics, trade and investment partner of Argentina, Vice President of Argentina Gabriela Michetti told Vietnam’s Deputy Minister of Industry and Trade Do Thang Hai at a meeting in Buenos Aires on October 27th.

Vietnam totalled over 105,000 nationwide newly established companies in the first ten months of the year, a year-on-year increase of 14.6 percent, according to the Enterprise Development Agency under the Ministry of Planning and Investment.

Deputy Prime Minister Vuong Dinh Hue has signed a decision recognizing Hoai Duc district in Hanoi as a new-style rural area in 2017.

(CPV) - As of September 30th, the total assets of Bank for Investment and Development of Vietnam (BIDV) reached over VND1,125,908 billion, up 11.9% from the start of the year and up 8.42% year on year, according to a financial report released by the bank.

Vietnam totalled over 105,000 nationwide newly established companies in the first ten months of the year, a year-on-year increase of 14.6 percent, according to the Enterprise Development Agency under the Ministry of Planning and Investment.

About USD28.24 billion in foreign direct investment (FDI) was poured into Vietnam between January and October, up 37.4 percent year on year, said the Foreign Investment Agency under the Ministry of Planning and Investment.

(CPV) - The International Business Awards - Stevie Awards has announced in Barcelona (Spain) that Halotel, Viettel’s telecom company in Tanzania, won a silver award for the Fastest Growing Company of the Year in Europe, Middle East and Africa (EMEA).

One of the four contents that will be prioritized for financial cooperation in the agenda of APEC Summit 2017 is the issue of finance for infrastructure.

Vietnam and Russia are determined to raise their two-way trade to USD10 billion by 2020 to create a turning point in bilateral trade relations.

A Vietnamese delegation led by Acting Chairman of the National Financial Supervisory Commission (NFSC) Truong Van Phuoc has paid a working visit to Italy, aiming to strengthen bilateral cooperation in financial supervision.

The Lao Government and the Company of Economic Cooperation of Vietnam (COECCO) signed a contract in Vientiane on October 25th on iron ore mining and processing.

Ho Chi Minh city’s business climate and business development strategies were introduced at an Investment-Trade-Tourism Promotion conference in Sydney, Australia on October 25th.

The largest steel ship for fishing and logistic service in the central coastal region was launched in Da Nang on October 25th.

The international Vietnam Aquaculture Expo and Forum 2017 kicked off in the Mekong Delta city of Can Tho on October 25th, attracting over 70 domestic and foreign exhibitors.

Vietnam hasn’t had any free trade agreements (FTAs) with EU member countries, but with the importance of Vietnam-EU relations, a bilateral new-generation FTA is critical to promoting their economic ties.

As of the end of September, Vietnam’s 2017 trade with the US enjoyed a surplus of USD24.1 billion, equivalent to 78% of the country’s total export turnover to the market.

(CPV) - The Ho Chi Minh city Urban Railway Management Board on October 24th organized a ceremony for commencement of track-work construction of metro line 1 (Ben Thanh - Suoi Tien section).

The Ho Chi Minh city Computer Association (HCA) on October 24th worked with the Saigon Innovation Hub (SIHUB), universities and colleges in Ho Chi Minh city and Binh Duong province’s new Binh Duong city to review a program linking businesses with students, which encourages information, technology and communications-based innovation and start-ups.

The Egg Summit 2017 is being held in Hanoi for the first time from October 23rd to 25th, with the participation of 120 companies from 30 countries and territories.