Trade – Investment

Strengthening regional integration, promoting sustainable, innovative and inclusive growth, and enhancing the competitiveness edge of micro-, small- and medium-sized enterprises (MSMEs) are among the top priorities in 2017 of the Asia-Pacific Economic Cooperation (APEC) Business Advisory Council (ABAC).

The Department of Farm Produce Processing and Market Development made its debut at a ceremony held by the Ministry of Agriculture and Rural Development (MARD) in Hanoi on June 21st.

(CPV) - As a side-event of the launching of the Vietnam Energy Partnership Group in Hanoi on June 21st, the EU together with Germany, Belgium, Denmark, Finland, France, Ireland, Italy, Luxembourg, Slovakia, Spain, the UK and the Vietnamese Government inked a Joint Declaration on reinforced cooperation in the field of sustainable energy.

(CPV) - The Delegation of the European Union to Vietnam and the Ministry of Industry and Trade (MoIT) on June 21st launched the Vietnam Energy Partnership Group (VEPG).

The Prime Minister has approved a master plan on restructuring enterprises under the Electricity of Vietnam (EVN) in the period 2017-2020.

(CPV) - The Japan International Cooperation Agency (JICA) and the Ministry of Construction (MoC) on June 16th co-organized a training workshop in Hanoi on management of construction projects.

Vietnam and Indonesia boast huge potentials in energy collaboration, Indonesian Ambassador to Vietnam Ibnu Hadi highlighted at a conference held in Hanoi on June 16th.

From now to 2020, the Mekong Delta province of Ben Tre plans to set up 27 agricultural cooperatives which will partner with businesses to form value chains for eight key agricultural products.

Vietnamese rice prices have recently increased in both domestic and foreign markets due to high demand and limited supply.

Deputy head of the Steering Committee for Tay Nguyen (Central Highlands) Dieu Kre has called on businesses from the Republic of Korea (RoK) to invest in the region on the basis of potential and strength of each locality.

The World Bank-funded project “Vietnam Sustainable Agriculture Transformation” (VnSAT) has quality over quantity in farming since it started two years ago.

PetroVietnam Power Corporation (PV Power), a wholly-owned subsidiary of the state-owned energy giant PetroVietnam, said it will sell a 49 percent stake late this year with priority given to strategic investors.

Ho Chi Minh city will prioritize calling on investment under the Public-Private Partnership type from now to 2020.

The Ho Chi Minh city People’s Committee has established a managing board for investment in ODA projects in the locality, on the basis of merging some relevant agencies.

As of May 2017, Vietnam has had 2,720 communes recognized as new-style rural areas, accounting for 30.48% of the country’s total, up 4.36% (389 communes) compared to the same period last year, according to the Ministry of Agriculture and Rural Development.

Two-way trade between Vietnam and the European Union (EU) grew 16.2 percent year-on-year in the first five months of 2017, according to the Ministry of Industry and Trade.

Australian Anti-Dumping Commission has opened an anti-dumping investigation on wire rod in coil imports from Indonesia, the Republic of Korea, and Vietnam.

The northern province of Bac Giang organised a trade fair to promote lychee consumption in the Pingxiang city, Guangxi province, southwestern China, on June 9th.

The Ministry of Industry and Trade (MoIT) plans to tighten control on goods whose imports are discouraged and facilitate local manufacturing to reduce the country’s trade deficit.

(CPV) - PM Nguyen Xuan Phuc has agreed to add three more products: brackish water shrimp, high-quality coffee and ginseng, to the list of national products.

Ho Chi Minh city attracted USD1.37 billion of foreign direct investment (FDI) capital over the past five months, a year-on-year rise of 45.8%, according to the city Department of Planning and Investment.

Vietnam’s tuna export turnover reached USD216 million in the first five months of 2017, a year-on-year rise of 20 percent.

(CPV) - Ho Chi Minh city’s export turnover reached USD14 billion from the start of the year, a year-on-year rise of 17.1%, according to the city People’s Committee.

Vietnam has jumped 5 grades to sixth place on the 2017 Global Retail Development Index (GRDI), which is conducted annually and published by the US’s consulting firm A.T. Kearney.

As they are producing a bumper harvest, many farmers in Thanh Ha district, the northern province of Hai Duong, are earning hundreds of millions of VND in this early season.

The Ministry of Agriculture and Rural Development’s Department of Plant Protection has coordinated with Hanoi Irradiation Centre to irradiate the early ripening Thieu lychees of Hai Duong for export to Australia by air.

Prime Minister Nguyen Xuan Phuc asked for political determination and feasible measures to achieve growth target in each sector during the Government’s May meeting in Hanoi on June 3rd.

The State treasury has successfully raised VND5.9 trillion (USD260 million) for the State budget through an auction of Government bonds on the Hanoi Stock Exchange (HNX) on June 1st.

The southern province of Binh Duong held a workshop on June 1 in Paris, France to promote investment opportunities to French businesses.

Renowned US corporations like Uber, Coca-Cola, Exxon Mobil, Cargil and Pfizer are expanding their business in Vietnam, contributing to Vietnam’s export growth.