Trade – Investment

Prime Minister (PM) Nguyen Xuan Phuc has approved a target program to assist ODA reciprocal capital to localities during the 2016-2020 period.

Prime Minister (PM) Nguyen Xuan Phuc has approved the project increasing the competitiveness of Vietnam’s export commodities by 2020, toward 2030.

(CPV) - The 21st VietFood, Beverage and Professional Packing Machines (VietFood & Beverage - ProPack) opened at Saigon Exhibition and Convention Centre, Ho Chi Minh city, on August 9th.

The State Capital Investment Corporation (SCIC) will sell 48.33 million shares or 3.33 percent of its stake in the Vietnam Dairy Products JSC (Vinamilk) in October, SCIC Chairman Nguyen Duc Chi said.

The Mekong Delta province of Hau Giang held a workshop in Gwangju city, the Republic of Korea (RoK) on August 4th to call for the Northeast Asian country’s investment in the fields it is prioristing.

The country’s total retail sales and services revenue reached VND2.24 quadrillion (USD98.6 billion) in the first seven months of this year, a year on year increase of 10 percent.

Commodity export turnover in July reached an estimated USD115.2 billion, a year-on-year rise of 18.7%, according to the General Statistics Office.

In the first seven months of 2017, total disbursement of State budget capital for public investment in Ho Chi Minh (HCM) city fulfilled 50.5% of the capital plan assigned for the whole year, said the city Department of Planning and Investment on August 3rd.

In the first half of the year, tuna export was valued at USD271 million, a year-on-year rise of 21%, according to the Vietnam Association of Seafood Exporters and Processors (VASEP).

The Vietnam Association of Seafood Exporters and Processors (VASEP) has forecast seafood export value will probably reach USD8 billion in 2017, based on the positive growth in the first seven months of the year.

In the first seven months of the year, Ho Chi Minh city saw 22,972 enterprises licensing for new establishment with a total registered capital of VND297.14 trillion.

(CPV) - The British Council, Hanoi Grapevine and Creative Lab by UP have presented a report launch and discussion on the role of creative hubs in Vietnam as a key factor for developing a thriving creative economy in the nation.

Prime Minister Nguyen Xuan Phuc has decided to establish Thai Binh Economic Zone (EZ) in the northern province of Thai Binh.

The Savannakhet - Ho Chi Minh (HCM) city friendship exhibition fair was organized in Savannakhet province from July 27th to 30th to mark the 40th anniversary of signing the Vietnam - Laos Treaty of Amity and Cooperation.

The Consumer Price Index (CPI) in July increased 0.11% from the previous month, reported General Statistics Office.

Domestic companies have not taken full advantage of the incentives offered by preferential tariff policies for Vietnamese firms to sell products to the Republic of Korea, according to the deputy director-general of the Asia-Pacific Market Department under the Ministry of Industry and Trade (MoIT).

Australia and New Zealand have huge potential for Vietnamese products like farm produce, aquatic products, coffee, cashew, computers, telephones and garments, said Nguyen Phuc Nam, deputy director of the Department of Asia-Pacific Market under the Ministry of Industry and Trade at a conference held in Hanoi on July 28th.

Japanese and Vietnamese enterprises in the areas of agriculture, fisheries and food gathered at a meeting in Hanoi on July 28th, with the aim of seeking partners and business opportunities.

Ho Chi Minh city housed a total of 196,500 firms as of December 31st, 2016, of which 160,560 were operating.

The Ministry of Industry and Trade (MoIT) has forecast that Vietnam’s exports to the US will hit USD40 billion this year, according to the Industry and Trade newspaper.

The southern province of Long An aims to develop a dragon fruit area of 2,000 ha in 2017-2020, using high-technologies.

Ho Chi Minh city collected VND188 trillion to state budget through business activities from start of the year, fulfilling over 50% of the year’s plan.

Vietnam’s export turnover of aquatic products was estimated at USD727 million in July, raising the total in the first seven months of this year to USD4.3 billion, up 17.5 percent year-on-year, reported the Ministry of Agriculture and Rural Development.

As of July 20th, foreign investors in Vietnam have so far this year registered investment worth nearly USD22 billion, up 52 percent from the same period last year.

(CPV) - Mediplast plastic joint stock company (MEDIPLAST) on July 27th inaugurated its factory (phase 1) at Dai Dong Industrial Zone in Northern Bac Ninh province.

The Vietnam Farm and Food Expo 2017 and Agritech Vietnam 2017 opened at Sai Gon Exhibition and Convention Centre in Ho Chi Minh (HCM) city on July 26th.

On July 26th, the third APEC Business Advisory Council (ABAC) meeting officially opened its plenary session in Toronto, Canada to promote cooperation and economic and trade links in APEC.

Vietnam’s annual international exhibition on pharmaceuticals and medical supplies (Vietnam Medi-Pharm Expo 2017) will take place Saigon Exhibition & Convention Centre, No.799 Nguyen Van Linh Street, District 7, Ho Chi Minh City, from August 17th to 19th.

(CPV) - The Ho Chi Minh city People’s Committee and Lotte Group from the Republic of Korea on July 25th agreed to build a multifunctional finance-trade-service centre (ECO - SMART CITY) in the 2a functional zone of Thu Thiem new urban area.

Four Vietnamese traders have won a contract to ship 175,000 tons of rice to the Philippines as the country opened bids for importing 250,000 tons of 25% broken rice on July 25th, said Mr. Huynh The Nang, President of the Vietnam Food Association.