Trade – Investment

(CPV) - As part of the visit to the US, Vietnamese Prime Minister Nguyen Xuan Phuc and US Commerce Secretary Wilbur Ross recognized the signings MoU and JDA agreements with GE to support new gas and wind-power generation projects in Vietnam.

(CPV) - GE, global wind and solar company Mainstream Renewable Power and local Vietnamese partner the Phu Cuong group on May 31st (US time) formalized a USD2 billion joint development agreement to develop, build and operate the 800MW Phu Cuong wind farm in Soc Trang province.

The results of Business Climate Index (BCI) for the first quarter of 2017, recently released by European Chamber of Commerce (EuroCham) in Vietnam, showed positive prospects about business environment in the country.

(CPV) - A Vietnamese delegation, led by Deputy Minister of Industry and Trade Tran Quoc Khanh, has joined the Thailand Rice Convention 2017 in Bangkok from May 28th to 30th, with the participation of about 1,500 participants from 40 countries and territories.

(CPV) - Vietnam had 10,954 enterprises established in May 2017 with a total registered capital of VND119.2 trillion, up 9.3% in number of enterprises and up 17.8% in capital on year, reported the General Statistics Office (GSO).

The Consumer Price Index (CPI) in May 2017 dropped 0.53% from a year earlier, reported the General Statistics Office (GSO).

Ho Chi Minh city’s budget collection reached more than VND147.46 trillion from the start of 2017, a year-on-year rise of 18.4% and 42.39% of the year’s estimate.

(CPV) - The Ministry of Agriculture and Rural Development and the Delegation of the European Union to Vietnam (EU) on May 30th co-hosted a seminar, titled "Vietnam - EU Free Trade Agreement: Opportunities and challenges for agricultural sector", in Buon Me Thuot city, Dak Lak province.

(CPV) - For the very first time, a Vietnamese Start-up company will list on the world’s second largest stock exchange (NASDAQ), marking the first step toward promoting the industrial revolution 4.0 by the Government.

Fruit and vegetable exports earned an estimated USD1.38 billion in the first five months of 2017, up 38 percent from the same period last year.

China has agreed in principle to open its market for Vietnamese pork, said Mr. Tran Thanh Nam, Deputy Head of Ministry of Agriculture and Rural Development’s Department of Livestock Husbandry.

(CPV) - The World Bank has approved USD72.52 million in additional financing from the IDA scale-up facility to support investments in infrastructure in Da Nang, an emerging city in central Vietnam.

The remainder of the petrol price stabilization fund at the end of the first quarter of 2017 is more than VND2.8 trillion, according to the Ministry of Finance.

More and more Japanese firms want to expand investment in Vietnam, Chairman of the Japan External Trade Organisation (JETRO) Hiroyuki Ishige has said.

The Seoul Semiconductor Co., Ltd from the Republic of Korea (RoK) on May 27th inaugurated a plant in the northern province of Ha Nam.

Prime Minister Nguyen Xuan Phuc has issued a decision on the establishment and operational regulations of a high technology agriculture area specialised in shrimp development in the Mekong Delta province of Bac Lieu.

Mekong Delta enterprises were updated on the latest trends of e-commerce at a forum held in Can Tho on May 26th, and engaged in networking to seek sales opportunities and partnerships.

The Republic of Korea (RoK) was the largest among 91 countries and territories investing in Vietnam in the first five months of 2017, with total foreign direct investment (FDI) of USD4.41 billion, 36.4 percent of total FDI in the period.

Total newly-registered and increased capital, and capital contributions and share purchase, reached USD12.13 billion in the first five months of the year, a year-on-year rise of 10.4%, reported the Ministry of Planning and Investment’s Foreign Investment Agency.

(CPV) - The 13th international exhibition on automobile, motorcycle, electric bike and supporting industries (Saigon Autotech and Accessories 2017) on May 25th opened at Saigon Exhibition and Convention Centre, in Ho Chi Minh city.

Vietnam now sees 15 processors exporting tuna products to more than 138 countries and territories worldwide, with an exploited volume of nearly 92,200 tons a year, reported the Ministry of Agricultural and Rural Development.

(CPV) - A seminar to promote trade with South American markets was held in Hanoi on May 24th by Ministry of Industry and Trade’s Department of Trade Promotion in Hanoi.

More than 200 enterprises in Ho Chi Minh city on May 24th had a dialogue with functional organs about a capital assistance policy for business community.

A Memorandum of Understanding (MoU) on rice trade between the Vietnamese and Bangladeshi Governments was signed on May 23rd, in Hanoi.

The Government leader has recognized Trang Bom district in the southeastern province of Dong Nai as a new-style rural area in 2016.

(CPV) - ADB's Trade Finance Program (TFP) and two Vietnamese banks — An Binh Joint-Stock Bank (ABBANK) and Tien Phong Commercial Joint-Stock Bank (TPBank) — on May 24th 2017 signed agreements enabling the program to provide guarantees of up to USD50 million annually to support trade finance in Viet Nam.

National Assembly deputies debated the draft bill on supporting small and medium-sized enterprises (SMEs) during the ongoing third meeting on May 23rd.

The Ministry of Industry and Trade (MoIT) and the Thai Ministry of Commerce jointly organised a workshop to promote trade and investment cooperation between Vietnam and Thailand in Hanoi on May 23rd.

Ministers and vice ministers from Australia, Brunei Darussalam, Canada, Chile, Japan, Mexico, New Zealand, Malaysia, Peru, Singapore and Vietnam met in Hanoi on May 21st to discuss the Trans-Pacific Partnership (TPP) Agreement on the margins of the 23rd Meeting of the Asia-Pacific Economic Cooperation (APEC) Ministers Responsible for Trade (MRT 23).

The Ministry of Industry and Trade (MoIT), in coordination with the Ministry of Agriculture and Rural Development, is working with Australia’s relevant agencies towards the early lift of Australia’s ban on the import of shrimp and uncooked shelled shrimp.