Trade – Investment

The total capital scheduled for new-style rural areas building program in Hanoi districts and town in 2017 is nearly VND6.744 trillion, according to the city Party Committee’s steering board for Program 02.

Vietnam exported 14.7 million tons of cement and clinker in 2016, valued at USD561 million, according to preliminary statistics by the General Department of Customs.

The Ministry of Industry and Trade has issued a Decision approving 199 projects for the national trade promotion program with a total budget of VND93 billion.

The Ho Chi Minh city Department of Transport on February 8th launched construction for two flyovers with combined investment of VND746 billion (USD33 million) at two traffic congestion hotspots, one of which connects with Tan Son Nhat International Airport.

In January 2017, Vietnam lured 175 new FDI projects with a total capital of USD1.244 billion, a year-on-year rise of 23%, reported the Ministry of Planning and Investment’s Foreign Investment Agency.

State budget collection in January reached an estimated VND97.4 trillion, 8% of the year’s estimate or a year-on-year rise of 3.9%, said the Ministry of Finance (MoF) on February 7th.

Vietnam saw 8,990 enterprises registering for new establishment in January 2017 with a capital of VND90.3 trillion, up 8.1% in number of enterprises and up 52.3% in capital over a year earlier, reported the General Statistics Office (GSO).

Deputy Prime Minister Trinh Dinh Dung urged relevant sides to speed up urban railway projects during a field trip to project sites on February 4th.

The Vietnamese beauty market saw stable growth last year, with a year-on-year increase of 4 percent, and is expected to thrive in the years to come.

Minister of Industry and Trade (MoIT) Tran Tuan Anh said the ministry planned to establish a trade defence department to safeguard the interests of businesses in the context of global integration.

With over 5,000 hectares of agricultural production land producing key exports such as rubber, coffee and pepper, the Central Highlands province of Gia Lai holds great potential in carrying out hi-tech agricultural production.

Vietnam hopes to increase the exchange of economic information with South Africa and enhance closer connectivity between businesses of the two countries, stated Vietnamese Ambassador to South Africa Vu Van Dung.

Building trademarks for maritime products is crucial for Vietnam to exploit sea resources in an effective and sustainable way, making Vietnam a strong country in terms of maritime economy.

Vietnam hosts this year Asia Pacific Economic Cooperation forum following its first hosting of the event 11 years ago. APEC 2017 marks Vietnam’s new achievements in international integration.

Algeria is currently the fourth biggest export market of Vietnam in Africa, following South Africa, Ghana, and Egypt.

In 2017, the Ministry of Agricultural and Rural Development (MARD) focuses on agricultural restructuring in combination with building new-style rural areas and climate change adaptation in the integration context.

(CPV) - 2016 is chosen as the year of start-up business. A large number of enterprises started their business with big investment and achieved success in various fields.

Prime Minister (PM) Nguyen Xuan Phuc has concluded his visit to the World Economic Forum (WEF) 2017 annual meeting in Davos, Switzerland, from January 17th to 20th at the invitation of WEF President Klaus Schwab.

Vinamilk, Vietnam’s largest milk producer, has been intensifying efforts to expand its market share in Bangladesh.

The export turnover of agriculture, forestry and aquaculture in January is estimated at USD2.54 billion, a year-on-year decrease of 1.4 percent, according to the Ministry of Agriculture and Rural Development.

The Prime Minister has approved a program on developing the supporting industry which is expected to meet 45 percent of the demand of domestic production by 2020 and 65 percent by 2025.

Prime Minister (PM) Nguyen Xuan Phuc has assigned the Ministry of Finance to supply 1,700 tons of rice from the national reserve to Quang Binh and Soc Trang provinces to aid local people during the upcoming Lunar New Year (Tet).

Impacts of the fourth industrial revolution on governments, businesses and people were highlighted by Prime Minister Nguyen Xuan Phuc when he attended a session as part of the World Economic Forum Annual Meeting in Davos, Switzerland.

The Ministry of Industry and Trade’s Competitive Management Department launched a programme in Hanoi on January 20th encouraging businesses to take actions to protect consumer rights.

Aquatic exports are likely to increase 5 percent from last year to USD7.4 billion in 2017, despite difficulties in overseas markets and fiercer competition, the Vietnam Association of Seafood Exporters and Producers (VASEP) said.

Ho Chi Minh (HCM) city and Hanoi have been named among the top 10 fastest changing cities around the world, according to the survey by the World Economic Forum (WEF).

The Vietnam Fruit and Vegetables Association has said Japan agreed to allow Vietnamese fresh dragon fruit to be exported to the market.

Prime Minister (PM) Nguyen Xuan Phuc has agreed to add Can Tho hi-tech park to the overall hi-tech park development scheme by 2020, with an orientation to 2030.

The General Department of Vietnam Customs (Vietnam Customs) plans to organise many activities within the framework of the APEC Committee on Trade and Investment (CTI) in 2017.

Although 2017 still sees many difficulties, Vietnam’s seafood export value is likely to reach USD7.4 billion, a year-on-year rise of 6%, according to the Vietnam Association of Seafood Exporters and Processors (VASEP).