Trade – Investment

The southern province of Dong Nai has attracted over VND7.64 trillion (USD343.8 million) from domestic investors so far this year, a 42 percent rise over the same period last year, reported the provincial Department of Planning and Investment.

Ho Chi Minh City pledges to offer all possible support to firms at home and abroad and continue improving its business climate, Chairman of the municipal People’s Committee Nguyen Thanh Phong told a conference promoting trade, investment and tourism between Ho Chi Minh City and the Mekong Delta on July 1st.

The banking sector will apply comprehensive monetary policies and banking operations to improve credit access, focusing on enhancing national credit ratings, according to the State Bank of Vietnam (SBV).

In the first half of the year, the country has seen significant increases in both the number of newly-established enterprises and registered capital compared to the same period of last year, reported Ministry of Planning and Investment's Business Registration Management Agency.

(CPV) - For the first time Forbes Vietnam has published a list of the 40 most valuable company brands in Vietnam, with a total brand value of approximately USD5 billion.

Overseas remittances to Ho Chi Minh city through official channels were estimated to hit USD2.1 billion in the first six months of the year, up 3% over a year earlier.

The building of trademarks for farm produce are crucial to boost the sales of Vietnamese agricultural products in foreign markets, heard a conference in the Mekong Delta province of Ben Tre on June 23rd-24th.

The Vietnam Energy Association (VEA) will focus on evaluating the potential of different energy sources in Vietnam and developing a strategy for investment in new and renewable energy between now and 2021.

A delegation of representatives from dozens of Hong Kong companies made a field trip to the southern province of Binh Duong on June 25th to learn about the local investment climate.

Deputy Prime Minister Trinh Dinh Dung has asked ministries and localities to make breakthroughs in attracting investment for Public Private Partnership (PPP) infrastructure projects.

The Hanoi municipal People’s Committee has announced a detailed master plan for the Nhat Tan-Noi Bai route, also known as Vo Nguyen Giap road, targeting to create development momentum for localities in the northern part of the Red River and adjacent areas.

The southern province of Binh Duong has proposed developing a rapid bus link with HCM city’s first metro line.

(CPV) - First component “Capacity building support to the State Audit Office of Vietnam” of the EU public finance modernization project (EU-PFMO) kicked off in Hanoi on June 24th.

On June 22nd, the Quang Ninh provincial People’s Committee organized a conference on tourism cooperation and development among world heritages of the province, Luang Prabang and Udon Thani in the 2016-2017 period.

The Port of Lazaro Cardenas (LCT), the largest Mexican container port, launched routes to Vietnam and Chile on June 21st which will save up from 13 to 18 days of transit.

(CPV) - Prime Minister (PM) Nguyen Xuan Phuc has adopted the adjustment of the scheme of Industrial Zones (IZs) in Hung Yen by 2020.

Vietnam imported 41,238 CBU (completely built-up) cars of all kinds, worth some USD968 million, in the first five months of the year, reported the Ministry of Industry and Trade.

By mid-June 2016, the Sourthern province of Binh Duong lured over USD1.09 billion of foreign direct investment (FDI) capital, 78.3% of the year’s plan or a year-on-year rise of 8.3%, reported the provincial People’s Committee.

An international fair specializing on shrimp technology (VietShrimp) will be held from June 24th to 26th in Bac Lieu province.

Total state budget collection in Vinh Phuc was estimated to reach VND14 trillion in the first half of the year, 54% of the estimate, or a year-on-year rise of 15%.

Starbucks Corp has opened its fifth store in Hanoi, expanding its presence in Vietnam, one of the world's largest coffee-growing countries.

Russia’s Rosneft petroleum group will supply up to 96 million tonnes of oil to the PetroVietnam Oil Corporation (PV Oil) from 2016 to 2040.

Ba Ria – Vung Tau province must press on with sustainable development and focus on sea-based economic activities and marine sovereignty protection, Party General Secretary Nguyen Phu Trong said.

The Vietnam News Agency (VNA) attended a conference of world news agencies held on the sidelines of the 20th Saint Petersburg International Economic Forum (SPIEF 2016) in Russia.

Credit in the first five months of 2016 grew 5.48 percent compared to the end of 2015, the highest for the past few years, according to the State Bank of Vietnam’s Credit Department.

The Ministry of Industry and Trade (MOIT) and the United Nations Industrial Development Organisation (UNIDO) launched a project on supporting the Vietnamese Government in building industrial strategies and related policies through institution capacity development in Hanoi on June 17th.

Russia-based petroleum company, Rosneft, and the PetroVietnam Oil Corporation (PV Oil) signed a long-term oil supply deal at the 20th International Economic Forum in Saint Peterburg, Russia on June 16th.

Vietnam’s international integration in the next five years will be on a much higher level than it is at present, Deputy Foreign Minister Bui Thanh Son said at a roundtable in Hanoi on June 17th.

Prime Minister Nguyen Xuan Phuc has given the nod in principle to investment in technical infrastructure of the second phase of Thanh Binh Industrial Zone (IZ) in Bac Kan province.

The Food Safety and Inspection Service (FSIS) under the US Department of Agriculture (USDA) has officially recognized an additional 12 catfish processing plants of Vietnam as meeting enough requirements to export to the US, raising the total exporters to 57.