Trade – Investment

Prime Minister Nguyen Xuan Phuc will assert the role of domestic firms as a driver behind economic growth through his upcoming meeting with entrepreneurs nationwide.

Sales turnover through e-commerce in Vietnam reached USD4.1 billion in 2015, a year-on-year rise of 37%, making up 2.8% of the country’s total commodity retail and service turnover, according to the E-commerce Report 2015 of the Ministry of Industry and Trade’s E-commerce and Information Technology Agency.

The NhaTrang Port JSC has received a licence to revive Van Phong Port in the central province of Khanh Hoa, which stalled several years ago after the original investor ran out of funds.

The Republic of Korea (RoK) exported more to Vietnam in the first quarter of 2016 compared to the same period last year, while its exports to other nations, particularly China, dropped significantly, reported the Korea International Trade Association (KITA) on April 17th.

The central province of Quang Tri held an investment and tourism promotion conference in Dong Ha city on April 17th, during which best assistance to investors is committed.

The Vietnam Glass and Ceramics for Construction Corporation (Viglacera) recently inaugurated its first showroom under the Cuban Ministry of Construction’s Escambray chain stores, in the capital of Havana, according to Viglacera General Director Nguyen Anh Tuan.

An individual housing project, called Fuji Residence, will be developed in District 9, Ho Chi Minh City after Nam Long Group and partnership investors Hankyu Realty and Nishi Nippon Railroad signed a Memorandum of Understanding (MoU) on April 15th.

The Australian government is completing final procedures to grant license for Vietnamese mango to enter the market. This will be Vietnam’s second fruit with export permission for Australia.

(CPV) - On April 13th, the 26th Vietnam International Trade Fair (Vietnam Expo 2016) officially opened at Hanoi International Exhibition Centre.

(CPV) - The first conference to promote investment and tourism in the central province of Quang Tri will be held on April 17th, 2016 in Muong Thanh hotel, Dong Ha city.

(CPV) - The Vietnam Military-run Telecommunications Group (Viettel) on April 13th was ranked 7th among the Top 20 Most Valuable ASEAN Telecom Brands 2016 by Brand Finance, a world leading independent brand valuation and strategy consultancy.

(CPV) – A workshop to discuss how to improve competitiveness through better industrial relations through EU-Vietnam Free Trade Agreement (EVFTA) was organized on April 12th in Ho Chi Minh city.

On April 11th, the Cai Mep International Port in the southern province of Ba Ria - Vung Tau launched a direct transport route to Northern Europe.

Auto sales in Vietnam reached 24,802 units in March, up 112% from the previous month and 51% over a year earlier, reported the Vietnam Auto Manufacturers Association (VAMA).

Vietnam is the only country to achieve an impressive export-import growth in 2015 among the 30 leading export-import economies of the World Trade Organisation (WTO), according to the report “World Trade 2016 and Prospects 2016” announced by WTO Director General Roberto Azevedo.

Vietnam’s automobile sales in March shot up 112 percent from the previous month, amounting to some 24,802 units, the Vietnam Automobile Manufacturers’ Association (VAMA) announced on April 8th.

The General Department of Taxation will inspect the tax compliance of numerous big firms this year.

Information related to mergers and acquisitions (M&As) of credit institutions is awaited as the season of annual shareholders’ meetings is around the corner.

(CPV) - Renault and Auto Motors Vietnam have just entered into the official purchase contract with Mai Linh Group for the import of the first ever 100 electric vehicles into Vietnam, marking the first milestone after Memorandum of Understanding (MoU) signed last December, 2015.

The Ministry of Agriculture and Rural Development (MARD) has ratified a scheme planting about 9,940 hectares of macadamia in the northwestern region and Central Highlands by 2020, in which the largest plantation area will be Lai Chau province with 950 hectares.

The Prime Minister on April 5th issued Decision No. 558/QD-TTg on criteria for new-style rural districts in the 2016-2020 period, as well as regulations on the recognition of provincial towns and cities that have met the standards.

The Prime Minister has approved a maritime transport agreement which was signed between the Government of the Socialist Republic of Vietnam and the Government of the Republic of the Union of Myanmar on November 5th, 2015.

(CPV) - Thirteen Canadian pork exporters are participating at the Canada Pork International seminars in Hanoi (April 6th) and Ho Chi Minh city (April 8th) to explore market opportunities and establish new business links with Vietnamese importers.

The Trung Nam Hydroelectric Corp on April 2nd inaugurated the Krong No 3 hydropower plant in Da Tong commune, Dam Rong district, Lam Dong province.

(CPV) - The Vietnamese Government and the Japan International Cooperation Agency (JICA) signed on March 31st singed Japanese ODA loan agreements to provide loans of up to a total of JPY95.167 billion for assistance for four projects.

Vietnam continues to be the Republic of Korea (RoK)’s export market with the highest growth rate, according to a report released by the RoK Ministry of Trade, Industry and Energy (MOTIE) on April 1st.

Deputy Prime Minister Nguyen Xuan Phuc has assigned the Ministry of Agriculture and Rural Development to closely monitor rice production and exports.

The National Single Window (NSW) has thus far covered only 30 percent of customs procedures for goods and vehicles, Deputy Director General of the General Department of Vietnam Customs Nguyen Duong Thai said on March 31st.

The People’s Committee of Hanoi on April 1st urged municipal departments, sectors and relevant offices to speed up construction on key transport projects and put them into operation in 2016, to reduce traffic congestion in the capital.

(CPV) - It is major discussion on the validation workshop held in Ho Chi Minh city on April 1st by the GIZ GmbH in Vietnam and General Directorate of Energy under the Ministry of Industry and Trade (MOIT).