Trade – Investment

On September 8th, Deputy Prime Minister (PM) Trinh Dinh Dung and a delegation of the Government Office worked with key leaders of Tra Vinh province.

The upcoming official visit to China by Prime Minister Nguyen Xuan Phuc is expected to maintain the positive development trend in the bilateral relations.

Vietnamese representatives working in the power sector, together with experts coming from Japan, India, Malaysia and the Philippines, joined a technical workshop held on September 7th-8th on power loss reduction.

Vietnam has won a contract to provide 150,000 tonnes of 25% broken white rice, priced at USD424.85 per tonne, to the Philippines.

Imports of fruits and vegetables were valued at over USD420.74 million in the Jan-Aug period, up nearly 37% over a year earlier, reported the Ministry of Agriculture and Rural Development.

The Japanese Government will provide the Vietnamese Government with an JPY11 billion loan in the 2016 fiscal year to help improve socio-economic infrastructure and the competitiveness of the national economy.

Vietnamese and French enterprises gathered at a business forum in Ho Chi Minh city on September 7th to seek measures to boost their partnerships, contributing to the sustainable development in Vietnam.

Vietnam and India signed 12 cooperation documents on September 3rd during Indian Prime Minister Narendra Modi’s official visit to Vietnam.

The Ministry of Construction has asked Hanoi and Ho Chi Minh city to formulate policies that promote social housing development amid a rising demand from citizens for products in this segment.

The free trade agreement (FTA) between the Eurasian Economic Union (EAEU) and Vietnam will take effect on October 5th, Minister for Trade at the Eurasian Economic Commission Board Veronika Nikishina has said.

The Mekong Delta province of Bac Lieu earned USD288 million from seafood exports in the first eight months of 2016, fulfilling 55 percent of its yearly target, but dropping nearly 5 percent compared to the same period last year.

Vietnam enjoyed a trade surplus of USD2.45 billion in the first eight months of this year, a report from General Statistics Office (GSO) has revealed.

Mr. Tat Thanh Cang, a 12th PCC member, Standing Deputy Secretary of the Ho Chi Minh city Party Committee, on August 30th presented the decision approving personnel of the Party Committee of Saigon Trading Group One Member Limited Liability (Satra).

The Government has issued a Resolution ratifying the policy of investing in 21 target programs for the 2016-2020 period.

Vietnam Dairy Products or Vinamilk "breaks the ice" to grab a spot in the top 50 best listed firms in the Asia Pacific region, Forbes Magazine has said.

A total of 48 State-owned enterprises, including six corporations, had their equitisation plans approved as of August 20th.

Coffee export for the whole year of 2016 is expected to reach about 1.5 million tonnes, valued at over USD3 billion, reported the Vietnam Coffee and Cocoa Association.

Trung Nam Group on August 27th began work on a wind farm with a capacity of 90 megawatts in the central province of Ninh Thuan.

The Consumer Price Index (CPI) in August rose 0.1% from the previous month and soared 2.57% over a year earlier, reported the General Statistics Office (GSO).

The northern province of Quang Ninh saw an additional 820 enterprises registered for new establishment with a total capital of VND5.61 trillion from the start of the year, a 18% rise in number of enterprises and a 24% reduction in capital from a year earlier.

Hanoi’s Index of Industrial Production (IIP) in August rose 2.1% from the previous month and 7.8% over a year earlier, reported its Department of Statistics.

Vietnam lured over USD1.42 billion of foreign direct investment (FDI) newly-licensed and increased capital in August 2016, bringing the figure from the start of the year to USD14.36 billion, a year-on-year rise of 7.7%, reported the Ministry of Planning and Investment’s Foreign Investment Agency (FIA).

The Ministry of Transport has issued Decision 2367/QĐ-BGTVT, ratifying the detailed scheme for northern ports group (Group 1) by 2020, with a vision to 2030.

The National Office of Intellectual Property under the Ministry of Science and Technology has officially granted geographical indication protection for Ngoc Linh ginseng.

Vietnam’s commodity exports to the Philippines reached more than USD183.8 million in July 2016, a year-on-year rise of 1.5%, bringing the figure for the first seven months of the year to over USD1.26 billion, a 13.1% rise from a year earlier, reported the General Department of Vietnam Customs.

The Panamanian Authority for Food Safety (AUPSA) has announced a list of 17 seafood processors of Vietnam granted licenses to export to the market.

The Ho Chi Minh city People’s Committee has approved a proposal investing, upgrading and expanding Nguyen Duy Trinh road in District 9 under the BT (Build-Transfer) model with a total capital of about VND737 billion.

The Vietnam Air Traffic Management (VATM) launched two so-called highways on the sky on the north-south route to shorten travel time on August 18th.

European Union enterprises were positive about the business environment in Vietnam as a large number of them planned to increase investment in the country, according to a Business Climate Index (BCI) survey for the second quarter of the European Chamber of Commerce in Vietnam (EuroCham).

The Online Shopping Day of Vietnam (Online Friday) 2016 will be held on December 2nd with the participation of more than 3,000 enterprises offering some 200,000 products.