Trade – Investment

Secretary of the Ho Chi Minh City municipal Party Committee Dinh La Thang has suggested SCG Building Materials of Thailand seize business opportunities in trade, infrastructure, smart transport, e-government, services and finance in Vietnam.

Prime Minister Nguyen Xuan Phuc attended a ceremony to begin construction of LG Display – a maufacturing facility that will produce and process OLED monitors in the northern port city of Hai Phong on May 6th.

The Minister of Industry and Trade has issued a decision on the results of the first review of the application of anti-dumping measures on cold-rolled stainless steel products imported from some manufacturers in China, Indonesia, Malaysia and Taiwan (China).

Standing Vice Head of the Quang Ninh province People’s Committee Mr Dang Huy Hau on May 6th chaired a meeting to prepare for the Conference to promote investment for agricultural production and productivity.

Prime Minister (PM) Nguyen Xuan Phuc has approved an adjustment of World Bank-funded Da Nang city Sustainable Development project.

(CPV) - From 15h00 on May 5th, the domestic retail petrol price has been increased, ranging VND300-650 per litter. The use of fuel price stabilization fund also raises.

Chairman of the Hanoi People’s Committee Nguyen Duc Chung has signed Decision 2038/QD-UBND establishing a Steering Committee for key projects of the city during the 2016-2020 period.

Vietnamese bananas have marked their official presence in Japan’s market with the first bunches hitting the shelves of the discount chain Don Quijote on April 30th.

The capital city of Hanoi generated approximately USD3.4 billion from exports in the first four months of the year, marking a modest increase of 0.2 percent against the same period last year, according to the municipal Statistics Office.

(CPV) - The World Bank’s Board of Executive Directors on April 29th approved more than USD500 million in support for improvements to road and bridge connections as well as flood control and sanitation conditions in Vietnam.

Vietnamese Ambassador to the US Pham Quang Vinh and Vietnamese Consul General to Houston Nguyen Van Hoa met outstanding business representatives in the US state of Texas on April 28th.

Vietnam’s trade balance in April reached an approximate USD100 million surplus, bringing the figure for the first four months to USD1.46 billion, reported the General Statistics Office on April 28th.

Disbursed foreign direct investment (FDI) capital in the first four months was estimated to reach USD4.7 billion, a year-on-year rise of 12%, reported the General Statistics Office (GSO).

Vietnam had nearly 11,000 newly-established enterprises in April 2016 with a total registered capital of 62.2 trillion, up 19.2% in number of enterprises and 21.3% in capital over a year earlier, reported the General Statistics Office.

Export turnover of agriculture, forestry and fishery exports in April was estimated to reach nearly USD2.97 billion, bringing the total figure for the first four months to USD10.02 billion, a year-on-year rise of 11%, reported the Ministry of Agriculture and Rural Development.

(CPV) - Australia has commenced work on market access for fresh dragon fruit from Vietnam into Australia.

(CPV) - The Ministry of Industry and Trade, in association with the Embassy of Sweden in Vietnam, organized a seminar in Hanoi on April 26th discussing rules and regulations when exporting to Sweden.

(CPV) - The Viettel Global Investment Joint Stock Company (Viettel Global) suggested paying a dividend of 10% in cash, a good rate compared with other enterprises and 1.5 times the bank interest rates for 12-month deposits, during its shareholder meeting on April 26th.

Minister of Agriculture and Rural Development Cao Duc Phat and US Secretary of Agriculture Thomas J.Vilsack held talks in Hanoi on April 25th to enhance collaboration in agriculture, forestry and seafood between the two countries.

On April 24th, the Vietnam Macadamia Association was officially launched in Da Lat city in the Central Highland province of Lam Dong.

(CPV) - Last year, the Vietnam Military-run Telecommunications Group (Viettel)’s total overseas investment increased by 9% to nearly USD1.5 billion.

After facing difficulties for a long time, tra fish exports reached USD358 million in the first three months of the year, a year-on-year rise of 4.2%, reported the Vietnam Association of Seafood Exporters and Processors (VASEP) in a meeting with seafood traders in the Mekong Delta on April 20th.

Vietnamese shrimp exports to the United Kingdom (UK) enjoyed remarkable growth in recent months, in spite of slumps in other markets.

Hanoi is the leading locality nationwide in foreign direct investment (FDI) attraction, drawing over USD810 million from 110 newly-licensed and capital-added FDI projects in the first quarter of this year, a five-fold increase year-on-year.

On April 20th, the Vietnam Joint Stock Commercial Bank of Industry and Trade (VietinBank) and Saigon Trading Group One Member Limited Liability (Satra) signed a cooperation agreement for the 2016-2021 period.

On April 21st, the Hai Phong city People’s Committee, in association with the Civil Aviation Authority of Vietnam (CAAV), organized a conference to promote the opening of air routes to Hai Phong.

(CPV) - The Vietnam Lawyers Association has inaugurated the Vietnam Lawyers’ Commercial Arbitration Center (VLCAC). Mr. Truong Hoa Binh, Politburo member, Deputy Prime Minister attended and made speech at the event.

(CPV) - Australian fruits are enjoyed around the world all year-round, and top-quality Australian table grapes are in season now and available in Vietnam.

(CPV) - Japan's Idemitsu Kosan Co. Ltd and Kuwait Petroleum International Ltd have applied to form the 50:50 Idemitsu Q8 Petroleum Limited Liability Company to distribute petroleum products in Vietnam.

(CPV) - The 4th International Precision Engineering, Machine Tools and Metalworking Exhibition for Northern Vietnam (MTA Hanoi 2016) will be organized from 26th to 28th April at International Center for Exhibition (I.C.E), Vietnam.