Trade – Investment

Ho Chi Minh city organised a conference in Osaka city on April 13th to promote its investment and tourism partnership with the Kansai region of Japan.

The Ministry of Transport has proposed an investment plan for the first phase of the North - South highway, running about 684 kilometers with a total capital of VND140.116 trillion, in which VND55 trillion is supported by the State.

The 9th international trade show on food, hospitality, restaurant and beverage (Food and Hotel Vietnam 2017) will be held from April 25th-27th at Ho Chi Minh city-based Saigon Exhibition & Convention Centre, said the organizers at a press conference on April 12th.

Ho Chi Minh city expects to have more than 180,000 square meters of new office supply on the market in 2017, of which more than half will be concentrated in the central business district, according to Cushman & Wakefield Vietnam’s first quarter report on the city’s office market.

The Animal and Plant Health Inspection Service (APHIS) of the US Department of Agriculture authorized imports of fresh star apple fruit from Vietnam into the country from January 19th, 2017.

Promoting anti-corruption and creating a healthy and transparent business environment will improve productivity as well as enhance competitive capacity, prestige and position of enterprises.

(CPV) - “Now in Season 2017” is a global campaign to promote Australian fresh fruits during peak seasons.

As of December 31st, 2016, Vietnam had 477,808 ongoing enterprises, a 8% increase from the previous year, reported the General Statistics Office (GSO) in a press conference on April 11th.

In the first three months of 2017, the capital withdrawal of state-owned enterprises (SOEs) was valued at VND3.072 trillion (about USD153.3 million), collecting VND14.236 trillion (about USD627 million), reported the Ministry of Finance in a press conference on April 10th.

Budget revenues were estimated at VND280.9 trillion (about USD12.37 billion) in the first quarter of this year, up 15.2 percent compared to the same period in 2016 and meeting 23.2 percent of the annual estimate, the Ministry of Finance (MoF) said on April 10th.

The Tan Cang Cai Mep – Thi Vai port in the southern province of Ba Ria – Vung Tau successfully received a 160,000 tonne container ship on April 10th.

Over the first three months of the year, Ho Chi Minh (HCM) city granted investment licenses to 141 FDI projects with a total capital of more than USD133 million, and 42 ongoing projects with an increased capital of USD89.6 million, according to the city Department of Planning and Investment.

(CPV) – Total sales of the automobile market in March reached nearly 27,000 units, a 52% rise from the previous month, according to statistics of the Vietnam Automobile Manufacturers Association (VAMA).

The Hanoi Trade Corporation (Hapro) participated in the 14th International Halal Showcase (MIHAS 2017) in the capital city Kuala Lumpur of Malaysia from April 5th to 8th.

Hanoi expects to have 40,000 new enterprises in 2017, with about 30-35 percent of them operating in the innovation and creativity fields.

With 183 valid projects worth USD2.85 billion by the end of December 2016, Vietnam continues to be among the top five foreign investors in Cambodia.

(CPV) - At the recent 96th China Food & Drinks Fair (Chengdu, China), Ms. Le Hoang Diep Thao, CEO of TNI Corporation, said that there is a great potential for Vietnamese coffee to conquer Chinese consumers as they are fond of enjoying King Coffee 3in1, King Coffee Groumet Blend, and King Coffee Inspire Blend.

Hanoi plans to have about 40,000 newly-established enterprises in 2017, in which about 30-35% will be creative enterprises; forming a service area to support start-up business.

(CPV) – Coffee export volume in the first quarter of 2017 reached an estimated 449,000 tons, valued at USD1 billion, down 5.4% in volume but up 25.6% in value over a year earlier, according to the Ministry of Agriculture and Rural Development.

(CPV) – On April 4th, the People’s Committees of Ho Chi Minh (HCM) city and Tien Giang province organized a conference to partially sum up the cooperative program for socio-economic development between the two localities in the 2009-2016 period, and cooperative orientations for the 2017-2020 period.

An official has attributed low foreign direct investment (FDI) in the Mekong Delta over the past years to poor infrastructure.

The Vietnam National Oil and Gas Group (PetroVietnam) surpassed its business targets by 4 to 16 percent in the first three months of the year, especially in oil exploitation.

The fifth Ho Chi Minh city Agricultural Breed Exhibition-Fair will be held on June 2017 at the city Biotechnology Center in District 12.

Prime Minister (PM) Nguyen Xuan Phuc has issued Decision 404/QD-TTg dated March 31st, 2017, providing more than 6,900 tons of rice from national reserves for eight provinces to support hunger relief during the 2017 between-crop period.

Solutions to help coffee production adapt to climate change was the focus of discussion at a workshop held in the Central Highlands province of Gia Lai on March 31st.

The industrial production index (IIP) in the first quarter of this year increased by 4.1% over the same period of last year which was much lower than the same period in previous years, according to the General Statistics Office (GSO).

The central city of Da Nang hosted a seminar on March 31st to promote its economic and agricultural cooperation with Shandong province of China.

Fiscal and monetary policies have been on the right track since early this year, members of the National Advisory Council on Fiscal and Monetary Policies confirmed at their quarterly meeting recently held in Hanoi.

The United States continues placing anti-dumping duties against imports of frozen “tra” and “basa” fish fillets from Vietnam, ranging from USD0.69 – USD2.39 per kilo.

The Vietnam State Audit will host the 14th congress of the Asian Organisation of Supreme Audit Institutions (ASOSAI) in September 2018, with major events held in four days, heard a press conference in Hanoi on March 31st.