Trade – Investment

Vietnam’s tuna export value increased 10 percent in the first eight months of the year to USD309.8 million, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

The European Union (EU) pledges to work closely with Ho Chi Minh City in food safety and origin of agricultural products in the context of the upcoming signing of the Vietnam-EU Free Trade Agreement (EVFTA).

The theme of the annual external economics conference this year (Vietnam Summit 2016), “Smooth Sailing Ahead,” has reflected the development situation in Vietnam, a country that is heading towards sustainable growth and prosperity.

(CPV) - Food safety experts from the Canadian Food Inspection Agency (CFIA) were in Hanoi to deliver a technical workshop on Canada’s food safety system.

Vietnam’s tra fish exports to mainland China and Hong Kong in the first nine months of this year were USD201.9 million, up 75.6 percent against the same period last year.

Vietnamese and European businesses have shared their information about food safety standards and opportunities for farm produce and beverage products to enter in each other’s market once the EU-Vietnam Free Trade Agreement (EVFTA) becomes effective.

The disbursed volume of foreign direct investment in the first ten months was estimated at USD12.7 billion, a year-on-year increase of 7.6%, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

Vietnam’s consumer price index (CPI) rose 0.83% in October from last month and posted a year-on-year increase of 4.9%, according to the General Statistics Office (GSO).

Eight of the 11 surveyed goods categories in Ho Chi Minh City had price increases in October, leading to a 0.62-percent monthly rise in the local consumer price index (CPI).

Vietnam had 10,314 enterprises formed in October 2016 with a registered capital of over VND81.5 trillion, according to the Ministry of Planning and Investment’s Business Registration Management Agency.

(CPV) - Total export and import turnover from the start of the year reached an estimated USD284.64 billion, up 4.6% over a year earlier, reported the General Department of Customs.

A conference on boosting trade links between Vietnamese and Republic of Korea firms took place in the southern province of Dong Nai on October 28th.

Vietnam has jumped five places to 96th position in terms of electricity access, one of the criteria the World Bank uses to rank 189 economies on the ease of doing business.

(CPV) - The Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) has just become a recognised employer partner (REP) of Certified Practising Accountants (CPA) Australia.

Vietnam’s rice export volume and value in the first nine months of the year witnessed sharp growth in three markets: Ghana, Indonesia and Angola.

Exports of agricultural, forestry and fishery products in October reached an estimated USD2.75 billion, bringing the figure from the start of the year to USD26.4 billion, a year-on-year rise of 6.3%, according to the Ministry of Agriculture and Rural Development.

Prime Minister (PM) Nguyen Xuan Phuc has agreed to advance VND3.67 trillion in order to help the Ministry of Transport (MoT) and nine localities realize projects using ODA and preferential lending capital of sponsors.

The export turnover of Vietnam’s gems, precious metals and products hit USD729.85 million in the first nine months of 2016, a year-on-year rise of 63.44%, reported the General Department of Customs.

Chairman of the Hanoi municipal People’s Committee Nguyen Duc Chung has signed Decision 5745/QD-UBND ratifying and announcing the list of relics in the capital from December 31st, 2015.

The 16th International Agriculture Trade Fair - AgroViet 2016 will open from November 11th-15th in Hanoi to introduce regional localities and safe agricultural products with technology advances.

Hanoi’s industrial production index (IPI) in October increased 3.9% from the previous month and rose 8.6% over a year earlier, reported the city Statistics Office.

(CPV) – The global rating agency Moody’s has performed its annual review and affirmed its credit rating for the Bank for Investment and Development of Vietnam JSC (BIDV) in October 2016.

Leaders of the Jinko Solar Co., Ltd. on October 24th worked with Hau Giang provincial leaders to promote the building of a solar power plant in the province.

President of the Southern Common Market (Mercosur)–ASEAN Chamber of Commerce Rodolfo Caffaro Kramer has highlighted prospects for broader cooperation between Vietnam and Mercosur in trade and beyond.

Vietnam is likely to become a global seafood processing centre in the future thanks to its competitive labour cost and increasing number of high-quality processing facilities, an expert has said.

Vietnam will suspend the import of Distiller’s dried grains with soluble (DDGS) from the US and peanut (Arachis hypogaea) from Sudan and Hong Kong (China) due to the products’ contamination with insects subject to Vietnam’s plant quarantine.

The latest statistics of the General Department of Vietnam Customs show that total trade turnover by the end of September reached nearly USD253.4 billion, a year-on-year rise of 3.9% at nearly USD9.5 billion.

Minister of Industry and Trade Tran Tuan Anh has ratified the industrial development scheme for the Red River Delta until 2025 with a vision to 2035.

Prime Minister Nguyen Xuan Phuc has agreed to remove 200-ha Western Pleiku Industrial Zone (IZ) and add 200-ha Southern Pleiku IZ to nation’s IZ development scheme by 2020.

Hastening the disbursement of official development assistance (ODA) and preferential loans remains a huge task for the remaining two months of this year in the context of increasing public debts and limited resources, said Deputy Prime Minister Pham Binh Minh.