Trade – Investment

Vietnamese and Indian carriers, Vietjet Air and Air India, inked a Memorandum of Understanding (MoU) on the provision of aviation services for the two countries, in New Delhi on December 10th.

Chief Economist of the International Monetary Fund (IMF) Maurice Obstfeld has expressed his support for Vietnam’s reform orientations, especially in the fiscal policy and the restructuring of the banking system and State-owned enterprises.

Prime Minister (PM) Nguyen Xuan Phuc has decided to pilot the establishment of Ho Chi Minh city Food Safety Management Board.

Fruit-vegetable exports in 11 months of 2016 earned USD2.178 billion, according to the Ministry of Agriculture and Rural Development (MARD).

(CPV) - Despite a fragile global environment, Vietnam’s economy remains resilient, thanks to robust domestic demand and export-oriented manufacturing, according to the World Bank’s latest Taking Stock report.

Despite failing to hit the yearly target of 8.5-9 percent, Hanoi’s economic growth in 2016 has hit its highest level in six years, reaching 8.03 percent, Deputy Chairman of the municipal People’s Committee Nguyen Doan Toan said on December 5th.

The Vietnam Business Forum 2016 opened on December 5th in Hanoi focusing on strengthening the role of the private economic sector through fostering the partnership between domestic and foreign enterprises.

Ho Chi Minh City’s economy continued to expand in the period from January to November with services and trade being major growth engines, according to the municipal People’s Committee.

Two-way trade between Vietnam and Argentina reached USD2.42 billion in the period from January to early November this year, it was reported at the fifth meeting of the Vietnam-Argentina Inter-Governmental Committee in Hanoi on December 2nd.

(CPV) - French beef has returned to the Vietnamese market since sanitary checks being resumed at the end of August 2015.

As many as 18 banks and credit organisations agreed to implement a cashback policy to customers joining in Online Friday 2016 on December 2nd.

(CPV) - The State Bank of Vietnam issued license No.72/GP-NHNN on November 1st, 2016 on establishing a branch in Hanoi city for Nonghyup Bank from the Republic of Korea with an operational duration of 99 years and charter capital of USD35 million.

The 14th Vietnam Expo opened at the Saigon Exhibition and Convention Centre in Ho Chi Minh city on November 30th.

A conference was held in HCM city on November 30th to review a project on enhancing the capacity of small and medium-sized enterprises to meet requirements of the European Union Forest on Law Enforcement, Governance and Trade (FLEGT) Action Plan.

The Ministry of Transport has received the nod from Prime Minister (PM) Nguyen Xuan Phuc to invest in a coastal road section through Nam Dinh province.

Prime Minister (PM) Nguyen Xuan Phuc has adopted policy for investment in construction and trading of infrastructure of Vietnam-Singapore III Industrial Park (IP).

The Consumer Price Index (CPI) in November increased 0.48% from the previous month and rose 4.52% over a year earlier and soared 4.5% compared to December last year.

As many as 9,918 enterprises with total registered capital of VND87.1 trillion (USD3.83 billion) were established nationwide in November, according to the Department of Business Development under the Ministry of Industry and Trade on November 28th.

Export turnover of agricultural, forestry and fishery products in November 2016 reached an estimated USD2.69 billion, bringing the figure for the 11 months to USD29.1 billion, a year-on-year rise of 5.9%, reported the Ministry of Agriculture and Rural Development.

The Industrial Production Index (IPI) in November was estimated to increase 7.2% over a year earlier and the index is higher than 6.5% of October, reported the General Statistics Office (GSO).

The Phu Lac wind power plant in the central province of Ninh Thuan, the third of its kind after Tuy Phong and Phu Quy plants, has recently been put into use.

(CPV) - Australian Ambassador to Vietnam, Mr Craig Chittick, and Consul-General in Ho Chi Minh city, Ms Karen Lanyon, are visiting the Mekong Delta from November 27th to December 1st, 2016.

Numerous stores in Vietnam put up massive sales on November 25th in an attempt to follow the famous US Black Friday.

Vietnam has lured USD18.103 billion of newly-registered and added FDI capital so far this year, reaching 89.5% of the year’s target, according to statistics of the Ministry of Planning and Investment.

Vietnam imported more than 86,800 CBU (Completely Build-up) autos in the first ten months of the year, valued at USD1.9 billion, down 1,100 units in volume and USD400 million in value from a year earlier, reported the General Department of Customs.

The Consumption Consultation magazine and Vietnam Economic Times hosted a ceremony in Ho Chi Minh City on November 25th to honour 100 products and services voted by consumers this year.

(CPV) - The Japan International Cooperation Agency (JICA) and the Ministry of Construction (MOC) on November 25th co-organized a training workshop within the scope of the project for “Capacity enhancement in cost estimation, contract management, quality and safety in construction investment projects in Vietnam” (CCQSP).

(CPV) - The Vietnam national flag carrier Vietnam Airlines on November 25th celebrated the delivery of its 10th Boeing 787-9 Dreamliner at Hanoi-based Noi Bai International Airport.

The Export - Import Bank of the Republic of Korea (RoK) has approved a loan of USD76.93 million for Vietnam to upgrade the irrigation systems in the Len and Hoang Mai rivers in the central region.

The 16th Vietnam International Textile and Garment Industry Exhibition (VTG 2016) opened on November 23rd, at Saigon Exhibition & Convention Centre (SECC), in Ho Chi Minh city.