Trade – Investment

The Vietnam National Oil and Gas Group (PVN) has exported 355 million tonnes of crude oil, worth USD145 billion, since the shipment of its first barrel from Bach Ho field in April 1987.

The Hanoi People’s Committee has issued decisions establishing Truong An, Di Trach, Lai Yen and La Phu industrial clusters in Hoai Duc district.

The 2017 Export Forum, themed “Recognizing market and managing risks in export”, will be held in Ho Chi Minh city on August 8th.

Prime Minister (PM) Nguyen Xuan Phuc has issued Decision 32/2017/QD-TTg amending the operating regulation of Chu Lai Open Economic Zone (EZ) in the central coastal province of Quang Nam, promulgated with Decision 24/2010/QD-TTg dated March 3rd, 2010.

The Government has assigned the Ministry of Industry and Trade (MoIT) to build a development roadmap for a competitive coal market as there are new coal suppliers.

Vietnam exported nearly 2.66 million tonnes of rice in the first half this year with free-on-board value of USD1.65 billion, reported the Vietnam Food Association.

Vietnam posted a credit growth rate of 9.06 percent as of June 30 compared to the end of last year, which did not pressure interest rates, Governor of the State Bank of Vietnam (SBV) Le Minh Hung said on July 21st.

The third APEC Senior Officials' Meeting, known as SOM 3, will be held from August 18th to 30th, in Ho Chi Minh city.

On July 20th, Vietnam Investment Review announced the Vietnam M&A (Merger and Acquisition) Forum 2017, scheduled to take place on August 10th, at GEM centre, Ho Chi Minh city.

The 10th International Exhibition on Electrical Technology & Equipment (Vietnam ETE 2017) and the 7th International Exhibition on Products, Technologies of Energy Saving & Green Power (EnertecExpo 2017) opened at Saigon Exhibition and Convention Centre, Ho Chi Minh city, on July 19th.

The Investment and Trade Promotion Center of Ho Chi Minh (HCM) city on July 19th organized a conference to promote trade, investment and tourism in three Lao provinces: Savannakhet, Khammouane and Bolikhamxay.

The Mekong Delta city of Can Tho will organize 15 meetings, seminars and conferences among the activities of APEC 2017 hosted by Vietnam, from August 21st to 25th.

The Airports Corporation of Vietnam (ACV) will invest some VND12 trillion in increasing the operational capacity of three airports: Cat Bi, Phu Bai and Chu Lai.

The northern province of Quang Ninh has received the approval of Prime Minister (PM) Nguyen Xuan Phuc to set up a master scheme for socio-economic development and re-establish the general scheme of building Van Don economic zone into a special administrative - economic unit.

As of June, export processing and industrial zones in Ho Chi Minh city had attracted USD384 million in investment this year, a year-on-year increase of 39.36%, the Ho Chi Minh city Export Processing and Industrial Zones Authority (HEPZA) has reported.

The Hanoi People’s Committee has issued decisions establishing four new industrial clusters in Quoc Oai, Hoai Duc, Dong Anh and Thach That districts.

The State Bank of Vietnam (SBV) has allowed the Bank for Foreign Trade of Vietnam (Vietcombank) to establish a 100 percent owned subsidiary bank in Laos.

(CPV) - In the first six months of 2017, pre-tax profit of Viettel’s overseas markets reached nearly VND1,000 billion (around USD41.2 million), an increase of 155.7% compared to the same period last year.

Export processing zones and industrial parks in Ho Chi Minh city attracted about USD384 million in investment in the first six months of 2017, up 39 percent year on year, including nearly USD160 million of foreign investment, a rise of 24 percent.

The central province of Thua Thien-Hue recorded a gross domestic product (GDP) growth rate of 7.44 percent in the first half of 2017, much higher than the figure of 5.8 percent in the same period last year.

The State will divest its capital in the Saigon Beer, Alcohol and Beverage Corporation (Sabeco) and the Hanoi Beer Alcohol and Beverage Joint Stock Corporation (Habeco) through open tenders.

(CPV) - The sustainable coffee development project of the Central Highlands province of Dak Lak by 2020, with an orientation to 2030, has been approved by the provincial People’s Council.

The Ho Chi Minh city Department of Agriculture and Rural Development has received approval to pilot a fair for safe agricultural products at Le Van Tam park, District 1.

The fourth conference on financial infrastructure development network (FIDN), themed “Financial Infrastructure Reforms”, has been held in Hoi An city, the central province of Quang Nam.

Prime Minister (PM) Nguyen Xuan Phuc has commissioned the Nam Dinh People’s Committee to conduct procedures for investment in the coastal road through the province.

Over the past six months, Dung Quat economic zone and industrial zones in the central province of Quang Ngai have licensed investment in eight projects with a total registered capital of USD2.81 billion.

(CPV) - The nation’s business community now has a one-stop shop to get information on import-export regulations and procedures, thanks to the newly-launched Vietnam Trade Information Portal (VTIP).

(CPV) – The UN Development Programme (UNDP) in Viet Nam and HATCH! VENTURES announced on July 12th 2017 the SDG Challenge 2017 - a competition and acceleration program to encourage young people to develop and innovate business solutions to achieve the Sustainable Development Goals (SDGs).

On July 10th-11th, the 7th APEC forum on Financial Inclusion took place in Hoi An city, the central coastal province of Quang Nam.

Vietnam had more than 134,200 cars sell in the first half of the year, down 1% from a year earlier, according to the latest report of the Vietnam Automobile Manufacturers Association (VAMA).