Trade – Investment

The Vietnam Association of Supporting Industries (VASI) was officially established in Hanoi on March 18th with a view to contributing to relevant policy planning and connecting domestic and foreign markets.

The Vietnam Chamber of Commerce and Industry’s Institute of Information and Technology for Business (VCCI-ITB) launched the Internet of Things Open Community for Vietnam (IOCV) in Hanoi on March 15th.

On March 15th, the Ministry of Agriculture and Rural Development (MARD) launched its Online Public Service Portal at https://dvc.mard.gov.vn.

On March 15th, the Vietbuild Hanoi 2017 (phase 1) International Exhibition opened at the National Exhibition Construction Centre in Nam Tu Liem district.

A meeting to summarize the Vietnamese prioritizing use of Vietnamese goods campaign in 2016 was held in Ho Chi Minh city, on March 16th.

The Vietnam Cooperative Alliance (VCA) will host the 10th Asia-Pacific Cooperative Ministers’ Conference from April 18th to 21st, in Hanoi.

The Vietnam Youth Federation’s Central Committee launched its Supporting Centre for Youth Startups in Hanoi on March 14th.

The Electricity of Vietnam Group (EVN) and Kon Tum provincial People’s Committee on March 14th signed a Memorandum of Understanding (MoU) to realize the Doc Soi - Pleiku 2 project, a 500kV transmission line.

The Vietnam Chamber of Commerce and Industry (VCCI) and the US Agency for International Development (USAID) on March 14th announced the Provincial Competitive Index (PCI) 2016, which sees central Da Nang city continuing topping for the seventh time and the fourth consecutive year.

The daily reference exchange rate for VND/USD was set at VND22,262 on March 13th, down VND1 from the end of last week.

From now until the end of June, Mobile World plans to launch 10-15 stores in neighbouring countries, according to the company’s official website.

Officials of the Government and the southern central province of Khanh Hoa looked into a plan on building the Special Administrative-Economic Zone (SAEZ) of Bac Van Phong (Northern Van Phong) on March 11th.

More Japanese investment in agriculture will create a new driving force for the sector’s growth in the future, held experts at the Vietnam-Japan forum on agriculture trade and cooperation in Ho Chi Minh City on March 10th.

The US Trade and Development Agency (USTDA) is willing to assist Ho Chi Minh City in becoming a smart city, USTDA Country Manager David Ross told Vice Chairman of the municipal People’s Committee Tran Vinh Tuyen on March 10th.

Reforms in taxation procedures have elicited increased satisfaction from enterprises over the last two years, but they continue to expect further simplification, a survey by the Vietnam Chamber of Commerce and Industry (VCCI) has found.

A program on sustainable rice production in Vietnam has been launched in Ho Chi Minh city by the Loc Troi group, IFC, a member of the World Bank Group, the International Rice Research Institute, and the Sustainable Rice Platform.

Vietnam’s budget revenue was estimated to reach VND185.8 trillion (USD8.17 billion) in the first two months of 2017, equivalent to 15.3% of the year’s plan and up 15.8% compared to the same period of last year, according to the Ministry of Finance.

About 10,000 local residents and tourists are expected to join the first Ngoc Linh Ginseng Festival – part of cultural events during the sixth Quang Nam Heritage Festival in Nam Tra My district on June 13th-16th.

As many as 234 domestic and foreign enterprises are showcasing their top-quality products at a coffee fair which opened in the Central Highlands province of Dak Lak on March 9th.

The central province of Nghe An aims to lure more than 100 investment projects with total registered capital of over VND30 trillion (USD1.3 billion) in 2017 and create about 13,000 jobs.

National Assembly Chairwoman Nguyen Thi Kim Ngan asked the Vietnam State Treasury (VST) to continue following orientations in its development strategy until 2020 with a vision to 2040 during a working session in Hanoi on March 3rd.

The first Asia-Pacific Economic Cooperation (APEC) Senior Officials Meeting (SOM1) and related meetings have successfully concluded with positive outcomes, laying a foundation for the next events from now to the year-end, said a high-ranking diplomat.

The Global Entrepreneurship Network (GEN) Vietnam has been officially launched by Vietnam Chamber of Commerce and Industry (VCCI) in order to share information and supporting tools for start-up business.

The country’s consumer price index (CPI) in February inched up 0.23 percent from last month and 5.02 percent year-on-year, the General Statistics Office (GSO) announced on February 28th.

Prime Minister Nguyen Xuan Phuc has signed Resolution 29 approving Agreement and Protocol for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income.

(CPV) - Export turnover of agricultural, forestry and seafood products reached an estimated USD1.9 billion in February 2017, bringing the figure for the first two months of the year to USD4.3 billion, a year-on-year rise of 1.4%, reported the Ministry of Agriculture and Rural Development.

The Nha Trang-based Vietcombank and Khanh Hoa-based Vietinbank have committed nearly VND3 trillion in credit to the first phase of the international passenger terminal of Cam Ranh international airport.

Samsung Display Vietnam officially received an investment licence on February 24th for its USD2.5 billion expansion project in Yen Phong Industrial Park, the northern province of Bac Ninh.

(CPV) - The APEC Finance and Central Bank Deputies’ Meeting (FCBDM) has continued the second day (February 24th 2017) of the 2-day agenda with the discussion on financial inclusion and other concerned business.

Vietnam welcomes and aims to create optimal conditions for investors, especially those with high technology and good management skills.