Trade – Investment

The list of top 500 companies in Vietnam in 2016 was announced at a ceremony in Hanoi on January 19th.

Vietnam has suspended the import of peanuts (Arachis hypogaea), cassiatora linn (Cassia spp.), cocoa seeds (Theobroma cacao) and beans (Phaseolus spp.) from Indonesia.

The Vietnam Trade Promotion Centre for Agriculture is organizing its 2017 Spring Fair from January 18th to 25th, at the Exhibition Fair, Economic Transaction and Commercial Area, No 489 Hoang Quoc Viet Street, Hanoi.

The Ministry of Industry and Trade’s Asia-Pacific Market Department has said the rice trade deal between the Governments of Vietnam and Philippines was officially extended for the following period from December 31st, 2016 to December 31st, 2018.

The Hanoi Metropolitan Railway Management Board on January 17th signed a deal with a joint venture of French contractors to build a section of the urban metro connecting Nhon with the Hanoi station.

Nearly 200 Vietnamese enterprises are participating in the component supply chain used by three Samsung plants in Vietnam, including 20 tier-1 vendors and 178 tier-2 vendors.

Tuyen Quang and Ha Giang provinces have signed a cooperative program in five fields, including developing tourism, human resources, industry and trade and agriculture; building new-style rural areas; and linking transport.

The Australian Ministry of Agriculture and Water Resources has given the green light to the import of Vietnam’s dragon fruit on the condition that the fruit meets bio-security requirements.

Authorities of the northern province of Ha Nam met with over 100 foreign direct investment (FDI) businesses on January 12th.

(CPV) - The Australian Department of Agriculture and Water Resources has released the final report for the review of bio-security import requirements for fresh dragon fruit from Vietnam.

The Airports Corporation of Vietnam (ACV) plans to sign a strategic partnership agreement with French airport authority Aéroports de Paris (ADP) in March this year.

The total number of automobiles sold in 2016 reached 304,427 units, the highest level recorded by Vietnam’s auto market in the past 20 years, the Vietnam Automobiles Manufacturers Association (VAMA) announced on January 11th.

The Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) earned profits of an estimated VND8.25 trillion, fulfilling 104% of the plan set by the general meeting of shareholders.

Total state budget collection of the customs sector reached VND272.23 trillion in 2016, 100.8% of the estimate set by the National Assembly, up 3.8% over a year earlier.

Bank for Foreign Trade of Viet Nam (Vietcombank) earned VND8.212 trillion (more than USD360.17 million) in pre-tax profits by the end of 2016, up 23.4% against last year or up 2.7% from the year’s plan.

The Da Lat city People’s Committee has coordinated with Japan’s OTA Floriculture Auction Co., Ltd and relevant units to promote the formation of Da Lat Flower Collection Centre.

Vietnam’s retail sales of goods and services rose to 10.2 percent to around USD156.7 billion in 2016, data from the General Statistics Office (GSO) has revealed.

The Krong No 2 hydropower plant began operation in the Central Highlands province of Lam Dong’s Lac Duong district on January 7th.

(CPV) - Quang Nam’s total investment capital for the whole society in 2016 reached an estimated VND22 trillion, a 5.5% rise over a year earlier, said Mr. Dinh Van Thu, Deputy Secretary of the provincial Party Committee and Chairman of the provincial People’s Committee, in a press conference in January 4th.

(CPV) - By the end of 2016, Nam Dinh has had an additional 40 communes and towns meeting the criteria of new-style rural areas; bringing the total number of new-style rural areas to 152 out of 209 communes, accounting for 73%.

PSH Group from Spain has received approval in principle from the People’s Committee of Thua Thien-Hue province to develop the Hue Amusement and Beach Park at Vinh Thanh and Vinh An communes, Phu Vang district.

Vietnam spent about USD2.322 billion importing some 115,000 completely built-up (CBU) autos in 2016, a 25% rise over a year earlier, according to the General Statistics Office (GSO).

In 2016, Vietnam saw four export markets with turnover of more than USD10 billion each, including the US, China, Japan and the Republic of Korea.

By the end of 2016, Vietnam had imported about 230,000 tons of meat, including 40,000 tons of chicken, more than 100,000 tons of pork and 90,000 tons of beef, according to the Ministry of Agriculture and Rural Development.

Ho Chi Minh city will launch two river bus routes in 2017, which is considered a break-through solution for the city’s transport through reducing pressure on road traffic.

The Directorate of Fisheries under the Ministry of Agriculture and Rural Development (MARD) has set a goal of USD7.1 billion in seafood export revenue in 2017.

Linking small and medium-sized enterprises (SME) and selecting some of them to join the supply chain for FDI firms to boost support industry is among ideas to promote the role of SMEs in the industry’s growth that was given in a recent conference in Ho Chi Minh City.

The country’s consumer price index (CPI) in December 2016 rose by 0.23% from November and 4.74% against the same period last year, reported the General Statistics Office.

Vietnam attracted more than USD20.94 billion of FDI capital by the end of 2016 and disbursed USD15.8 billion, reported the General Statistics Office (GSO).

The country’s consumer price index (CPI) in December 2016 rose by 0.23% from November and 4.74% against the same period last year, reported the General Statistics Office (GSO).