Trade – Investment

Prime Minister (PM) Nguyen Xuan Phuc has instructed building plans for socio-economic development and the state budget estimate in 2018.

Prime Minister Nguyen Xuan Phuc has expressed his desire that Germany, as the largest economy and an influential member of the European Union (EU), would help attract global resources into Vietnam, particularly in mechanical engineering, automation, vocational training and tertiary education.

Aside from focusing on solutions for socio-economic development and speeding up the progress of key projects, Da Nang pays special attention to solutions ensuring the successful organization of APEC meeting.

Vietnam aims to export 4 million tonnes of rice in 2030 under a 2017-2020 rice export development strategy with a vision to 2030 recently approved by Prime Minister Nguyen Xuan Phuc.

(CPV) - The International Precision Engineering, Machine Tools and Metalworking Exhibition - MTA Vietnam 2017 opened on July 4th at Saigon Exhibition & Convention Center, Ho Chi Minh city.

The Japanese Government has agreed to officially import Vietnamese chicken meat and processed poultry meat.

Ho Chi Minh city’s export turnover reached an estimated USD17 billion in the first half of 2017, a year-on-year rise of 17.4%.

The first batch of one tonne of Luc Ngan “thieu” lychees was exported to Thailand by the Central Group (Thailand) and Hanoi-based Phong Son Tiem Limited Company, according to the Department of Industry and Trade of Bac Giang province.

The market management departments of 19 provinces and cities in the south in the first half of the year discovered more than 11,420 violations of smuggling, trade fraud and counterfeiting, a year-on-year increase of 4 percent, according to the Ho Chi Minh city Market Management Department.

The agriculture sector will have to make greater efforts to fulfil three major targets set for this year with responsibility given to leaders of each units.

The northern port city of Hai Phong has been named among top 10 attractive investment destinations nationwide, said Secretary of the city Party Committee Le Van Thanh.

The Bosch Group, a leading global supplier of technology and services, will invest an additional USD47 million in Bosch Gasoline Systems in southern Dong Nai province to meet the market demand and pursue its business target.

China’s Everbright International began the construction of an energy-from-waste (EfW) incinerator, the first of its kind in Vietnam, in the Mekong Delta city of Can Tho on June 30th.

The Consumer Price Index (CPI) in June dropped 0.17% from the previous month, bringing the index for the first six months of the year rising 4.15% over a year earlier, reported General Statistics Office (GSO).

(CPV) - Export turnover of agricultural, forestry and seafood products in June reached USD2.79 billion, bringing the figure for the first six months of the year to USD17.1 billion, a year-on-year rise of 13.1%, reported the Ministry of Agriculture and Rural Development.

Vietnam’s gross domestic product (GDP) grew by an estimated 5.73 percent in the first half of this year, Director of the General Statistics Office (GSO) told a press conference in Hanoi on June 29th.

On June 29th, the Central Power Corporation (EVNCPC) put the 110kV line from the 500kV Da Nang substation to the 110kV Lien Tri substation into operation.

The Plant Protection Department has coordinated with Hanoi Irradiation Centre to irradiate 3.5 tons of green elephant-mango of Son La province to ship to Australia for the first time.

(CPV) - Fruit and vegetable export turnover in June reached an estimated USD283 million, bringing the total value of the commodity for the first six months of the year to USD1.7 billion, a year-on-year rise of 44.6%, according to the Ministry of Agriculture and Rural Development.

Vietnam had 10,742 enterprises formed in June 2017, with a total registered capital of VND110.562 trillion, according to the Ministry of Planning and Investment.

Total newly-registered and increased capital, and capital contributions and share purchase, reached USD19.22 billion in the first half of 2017, a year-on-year rise of 54.8%, reported the Ministry of Planning and Investment’s Foreign Investment Agency.

Vietnam earned about USD97.78 billion from exports in the first half of the year, up 18.9% over a year earlier, reported the General Department of Customs.

(CPV) - The 10th International Exhibition On Electrical Technology and Equipment (Vietnam ETE 2017) and the 7th International Exhibition On Products, Technologies Of Energy Saving and Green Power (EnertecExpo 2017) will be held from July 19th to 22nd, at Saigon Exhibition and Convention Center, Ho Chi Minh city.

The Da Nang Power One-member Limited Liability Company has successfully completed the commissioning and put into operation the T2- 63 MVA transformer in 110kV Lien Tri substation.

(CPV) - Bilateral trade exchange between Vietnam - Brazil in the first half of the year reached about USD1.73 billion, a year-on- year rise of 16%, according to the Vietnam's Department of Commercial Affairs in Brazil.

(CPV) - The Australian-Government funded Vietnam Economic Forum (VEF) 2017 was opened by Prime Minister Nguyen Xuan Phuc on June 27th.

Hanoi presented decisions approving investment proposals and investment licences for 48 projects with total registered capital of over VND74 trillion (about USD3.249 billion) on June 25th at the conference themed “Hanoi 2017 – Investment and Development Cooperation”.

As many as 39,451 tonnes of litchi have been sold in the northern province of Bac Giang, equivalent to around 40 percent of the total production, said a local official on June 23rd.

Ho Chi Minh city’s sixth agricultural products fair will be held from June 29th from July 3rd at Go Vap flower village park, Le Van Tho street, Ho Chi Minh city.

Deputy Prime Minister (PM) Pham Binh Minh, Chairman of the National Committee on APEC 2017, has signed a Decision on changing the committee's personnel.