Trade – Investment

The International Airline Symposium (IAS) will take place in Hanoi from February 27 - 29, with Vietnam Airlines as the host airline.

Prime Minister Pham Minh Chinh has requested State-owned enterprises (SOEs) to reform governance, improve production and business efficiency, and strongly promote development investment.

Vietnam’s meat products exported to China are mainly pork. China’s agreement to review poultry meat export documents could open up opportunities for Vietnamese businesses.

The Hanoi People’s Committee has just planned to implement the project of promoting Vietnamese enterprises to directly participate in foreign distribution networks until 2030.

In 2023, thousands of households in Binh Dinh received loans with the total amount of VND 969 billion according to Resolution No. 11/NQ-CP of the Government on the Economic Recovery and Development Program. Policy credit activities were proactively deployed by VBSP Binh Dinh province to the right beneficiaries.

On February 19, the An Giang provincial Department of Agriculture and Rural Development and the People's Committee of Cho Moi district held a ceremony to announce the export of the first batch of flat-seeded mangoes to the Korean market.

Vietnam’s leading electric vehicle maker VinFast has impressed visitors with its right-hand drive EV models on display at the Indonesia International Motor Show 2024 (IIMS 2024) that is getting underway from February 15 to 25.

Vietnam expects to increase its agricultural exports to China as the neighbouring country agreed earlier this year to review regulations permitting the official export of Vietnamese poultry meat, according to the Agency of Foreign Trade (AFT) at the Ministry of Industry and Trade (MoIT).

Vietnam's Toan Phat Cooper Tube Joint Stock Company is showcasing copper pipe products and equipment for air conditioning, insulation and ventilation systems at ACREX India 2024, an international exhibition specialising in air conditioning, refrigeration, and building technology, which opened in New Delhi on February 15.

Export activities bustled on the first workday after the Lunar New Year (Tet) holiday on February 15 with many batches of goods departing for foreign markets such as the US, the EU and Australia.

Vietnamese automotive manufacturer, VinFast, has officially launched its first right-hand drive electric vehicles for the Indonesian market at the Indonesia International Motor Show (IIMS) 2024.

Argentina's newspaper La Nacion has run an article highlighting the business climate in Vietnam and encouraging the country's firms to explore the Southeast Asian market.

Vietnamese enterprises and authorities are taking action right from the start of 2024 to promote industrial production though many challenges remain in the global economy.

The border gate of Bac Luan 2 Bridge in Mong Cai city, the northeastern province of Quang Ninh, resumed customs clearance after the Lunar New Year (Tet) holiday on February 12, five days early.

The number of people killed by a landslide in Maco town, in the province of Davao de Oro (the Philippines) rose to 54, while the rescue work was underway for more than 60 missing others, the Philippine government said on February 11.

The export turnover of Vietnamese fruits and vegetables to the European Union has increased considerably over recent years, from US$200 million in 2022 to US$399 million in 2023, making the EU the third largest consumer of the Vietnamese products.

Vietjet inaugurated a new route connecting Ho Chi Minh City of Vietnam and Chengdu of China on February 10 – the first day of the Lunar New Year, opening up opportunities for easy travel, promoting trade and tourism between the two countries.

Improving the resilience and self-reliance of the national economy, laying a groundwork to build an independent and self-reliant economy integrated extensively and effectively into the world, holds particular significance for Vietnam in the new context, Minister of Planning and Investment Nguyen Chi Dung has said.

Vietnam shipped 230,000 tonnes of coffee abroad in January, earning 623 million USD, up 61.6% in volume and 100.3% in value year-on-year, according to the Ministry of Agriculture and Rural Development.

Vietnamese fruits have been introduced at the Fruit Logistica, the world's largest fruit and vegetable exhibition in the world, which is underway in Berlin from February 7-9.

A week-long event to honour Vietnamese products was launched at the Carrefour hypermarket in the Westfield Carré Sénart shopping centre in Seine-et-Marne province, Île-de-France, on February 7.

Prime Minister Pham Minh Chinh has recently issued a dispatch aimed at enhancing logistics connectivity to drive the consumption and export of agricultural, forestry and aquatic products, considering it one of the key tasks in agriculture and rural development.

Vietnam remained the Republic of Korea (RoK)’s third-largest trade partner for the second straight year in 2023, data showed.

In line with the 2024 plan, Indonesia was reportedly set to import approximately 3 million tonnes of rice, nearly matching the Philippines' planned import of Vietnamese rice, which will make Indonesia one of the world's largest rice importers and a key customer for the Vietnamese rice industry.

Robusta coffee prices hit a 16-year peak with an increase of 4.51% in the last week of January due to prolonged tensions in the Red Sea and inventories returning to record lows, in addition to information about concerns about short-term supply shortages, according to the Ministry of Industry and Trade.

Vietnam saw 11 projects invested abroad in January 2024 with a total registered capital of 16.2 million USD from the Vietnamese side, 9.3 times higher than the same period last year, according to the Ministry of Planning and Investment’s Foreign Investment Agency.

As Tet approaches, the consumer price index (CPI) in January increased by 0.31% from the previous month. The index rose by 3.37% compared to the same period last year; core inflation went up by 2.72%.

The number of newly-established businesses in January 2024 increased sharply in both the number and registered capital compared to the same period last year, reported the Ministry of Planning and Investment’s Department of Business Registration Management.

The Ministry of Industry and Trade has just issued an action program to implement Resolution 01/NQ-CP on tasks and solutions to implement socio-economic development plans and state budget estimates for 2024.

The Hanoi People’s Committee has just introduced a plan to mobilize overseas Vietnamese to introduce and consume products and develop distribution channels for Vietnamese goods abroad in 2020-2024.