Trade – Investment

(CPV) - With just 24 hours to go, 22 software developers from APEC economies are racing to build new online tools to help small businesses grow. As participants in the 2017 APEC App Challenge, these talented coders are competing to build mobile or web applications that can help micro, small, and medium-sized enterprises, or MSMEs, begin exporting their products overseas.

Vietnam encourages investment in electricity projects due to increasing domestic demand, Deputy Prime Minister Trinh Dinh Dung told President and Chief Executive Officer (CEO) of the Korea Southern Power Company (KOSPO) Yoon Jong-keun during a reception in Hanoi on May 16th.

The Vietnam Dairy Products Joint Stock Company (Vinamilk) has reached a cooperative deal to provide milk to China, the world’s most populous market.

(CPV) - Negotiations on a Voluntary Partnership Agreement (VPA) on Forest Law Enforcement, Governance and Trade (FLEGT) have concluded by the EU and Vietnam, after nearly six years of negotiation.

Deputy Prime Minister and Minister of Foreign Affairs Pham Binh Minh has asked Moroccan Ambassador to Vietnam Azzeddine Farhane to promote linkages among businesses in the fields of trade, tourism, finance and banking.

The North-South Expressway is an important national project, which needs Government approval before submission to the Politburo and National Assembly, stated Deputy Prime Minister Truong Hoa Binh at a recent meeting on the project.

Chairwoman of the TH True Milk Group Thai Huong shared experience in establishing and developing her company into a prestigious brand name at the Global Summit of Women 2017 in Tokyo, Japan, on May 12th.

(CPV) - Aiming to effectively tap the potential and strengths, and to intensify rapid and sustainable socio-economic development, Thua Thien - Hue has announced the list of projects calling for investment in the province for the 2017-2018 period, with an orientation to 2020.

The Prime Minister (PM) has agreed to give supplementation to Ho Chi Minh city transport development scheme by 2020, with a vision after 2020.

(CPV) - On May 11th, a business forum on developing industrial model in combination with service urban area and investment opportunities in Northern Vietnam attracted the participation of numerous domestic and foreign enterprises and economic experts.

In the framework of the APEC 2017 Finance Ministers’ process, the 15th APEC Senior Finance Officials Meeting (SFOM) and related events will be held from May 16th to 19th, in Ninh Binh.

(CPV) - The State Bank of Vietnam and the Macroeconomic Reforms/Green Growth Program of the Vietnam - German cooperation on May 10th co-organised a conference titled “Promoting investment of private sector for green growth via banking system”.

(CPV) - The Eco-Products International Fair (EPIF) 2017 will be held from May 11th to 13th, at Ho Chi Minh city's Saigon Exhibition and Convention Centre.

The Ministry of Agriculture and Rural Development has given nod to a project worth VND102.2 billion (USD4.5 million) to improve the fisheries sector’s competitiveness.

The first Electronics – Information Communications Technology Fair & Exhibition 2017 will be organised in HCM City next week.

(CPV) - The World Bank has approved USD315 million in financing to improve water transport infrastructure in Northern Vietnam, and sanitation and transport services in coastal cities in central region.

Up to 2,000 domestic and international delegates are expected to register for attendance at events within the framework of the second APEC Senior Officials Meeting (SOM 2) and related meetings scheduled to take place in Hanoi and Ninh Binh province from May 9th-21st, heard a press briefing on May 5th.

Some VND142 billion (USD6.2 million) was raised through four auctions on the Hanoi Stock Exchange (HNX) of state-owned enterprises selling shares from businesses in their non-core areas in April.

Prime Minister Nguyen Xuan Phuc has wished Danish investors success in Vietnam, stressing that the Vietnamese Government is working hard to create the best possible investment and business environment for foreign firms.

Fruit and vegetable export value was estimated at USD1 billion in the first four months of the year, a 32.6% rise over a year earlier, reported the Ministry of Agriculture and Rural Development.

The Vietnam Motorcycle Show 2017 opened in Ho Chi Minh city on May 4th with big names in the industry from home and abroad attending.

The northern mountainous province Lao Cai border gate economic zone (EZ) will be built into a key driving-force economic area, according to a general scheme for the EZ by 2040, with a vision to 2050, recently ratified by Prime Minister.

Government bond capital investment for the 2017-2020 period, and 2017, will be assigned to two Ministries and 10 provinces to realize transport, irrigation projects and resettlement for Son La hydroelectricity project, according to a decision recently signed by Prime Minister Nguyen Xuan Phuc.

The national index of industrial production (IIP) was estimated to rise 7.4 percent in April, reported the General Statistics Office (GSO) on May 1st.

The Vietnam Glass and Ceramics for Construction Corporation (Viglacera)’s annual shareholder meeting recently highlighted the company’s plan to implement investment activities in Cuba.

Vietnam’s PetroVietnam Oil Corporation (PV OIL), is running profitably in Laos, earning an average revenue of over 100 million USD and contributing over USD20 million to the host country's budget a year.

The consumer price index (CPI) in April remained unchanged from the previous month, but up 4.3 percent against the same period last year, the General Statistics Office (GSO) announced on April 29th.

Vietnam earned an estimated USD604 million from the export of aquatic products in April, bringing the total figure of the year’s first four months to about USD2.1 billion, representing a year-on-year increase of 8.2 percent.

Industry and exports continued to be the leading driver for Ho Chi Minh city’s economic development, as they achieved impressive growth in the first four months of 2017.

World Bank (WB) preferential loans during the 2017 fiscal year will be used for sustainable development, infrastructure, improvement of tertiary education, and disaster recovery in the central region, said Deputy Prime Minister and Foreign Minister Pham Binh Minh.