Trade – Investment

The Japanese Consulate General in Ho Chi Minh city signed agreements on non-refundable aid contracts for Vietnam’s southern provinces on March 9th.

Prime Minister (PM) Nguyen Tan Dung has recognized two communes of the southernmost province of Ca Mau as island communes, including Tan An in Ngoc Hien district and Khanh Binh Tay in Tran Van Thoi district.

(CPV) - The Japan International Cooperation Agency (JICA) organized a seminar in Hanoi on March 9th on dissemination of Policy Paper “How to ensure sustainability in JICA’s technical cooperation project at grassroots level”.

(CPV) - A representative from the Vietnam Technological and Commercial Joint Stock Bank (Techcombank) will chair the future VASCO aviation joint stock airlines, confirmed the Vietnam National flag carrier Vietnam Airlines.

Vietnam joined several ASEAN countries in organising an ASEAN Economic Forum to promote economic cooperation between the Association of South East Asian Nations (ASEAN) and Mexico.

(CPV) - Damco company under Maersk Group (based in Copenhagen, Denmark), has unveiled its expanded in Binh Duong province, a logistics center of Southern Vietnam.

Budget collection from crude oil in February only reached VND2.7 trillion, bringing the figure for the first two months to an estimated VND5.77 trillion, 10.6% of the year's estimate or just 43.1% against the same period last year, reported the Ministry of Finance.

(CPV) - Viettel Burundi, backed by Vietnamese military-backed telecoms group Viettel and offering services under the brand name Lumitel, has launched the country’s first ever 4G Long Term Evolution (LTE) network.

The switch from traditional to urban farming in Ho Chi Minh City has yielded great success over the last five years, according to the city's Department of Agriculture and Rural Development.

The Xuan Thanh Cement Joint Stock Company, a member of Xuan Thanh Group, will export 20 million tonnes of cement to South Africa over the next 10 years, under a recent agreement signed in Hanoi.

The Korea Trade-Investment Promotion Agency (KOTRA) inaugurated the Korea-Vietnam FTA Support Center in Hanoi on March 2nd in an effort to help companies from both sides take full advantages of the bilateral free trade agreement.

(CPV) - Finland's Minister for Foreign Trade and Development Ms. Lenita Toivakka will visit Vietnam from March 6th to 11th, with the priority focuses during the visit being education, clean tech, and Information and Communication Technology.

(CPV) – On March 2nd 2016, ADB’s Trade Finance Program and two Vietnamese banks—Ho Chi Minh City Development Bank and Sai Gon-Ha Noi Commercial Joint Stock Bank signed agreements enabling the program to provide guarantees of up to USD100 million a year to support trade finance in Viet Nam.

Vietnamese exporters should restructure their production to improve profit and enjoy preferential of the Trans-Pacific Partnership agreement (TPP), Tran Tuan Anh, Deputy Minister of Industry and Trade said.

Millions of dollars of deals have been struck at Vietship 2016 (February 24th-26th), an international trade fair for shipbuilding, marine technology and transportation on-going at the Hanoi National Convention Centre.

A total of VND11.3 trillion (USD491 million) was mobilised to the State Treasury through an auction of government bonds by the Hanoi Stock Exchange (HNX) on February 24th, reported Lao Dong newspaper.

Statistics by customs agencies in Ho Chi Minh city showed that in January 2016, nearly 4,320 businesses in the southern city suspended their operation, including 18 foreign-invested businesses and 4,301 non state-owned ones.

After remaining stable in the first month of 2016, Consumer Price Index (CPI) increased 0.42% in February, the month to celebrate the Lunar New Year (Tet) holiday, reported the General Statistics Office (GSO).

(CPV) - On February 24th, the Vietnamese firm FPT and its Japanese partner Fujitsu inaugurated the FPT-Fujitsu smart agricultural cooperation center in Gia Lam district, Hanoi.

(CPV) - An international exhibition on shipbuilding, shipping and offshore technology (Vietship) opened in Hanoi on February 24th.

(CPV) - Prime Minister Nguyen Tan Dung has ratified the double taxation avoidance treaty and protocol of the treaty between the Governments of Vietnam and Estonia.

(CPV) - The Vietnam 2035 report, produced jointly by the Vietnam’s Ministry of Planning and Investment, the World Bank Group, and external experts from Vietnam, lays out key reforms for the lower middle income country to grow its economy, become more equitable, and put in place modern governance over the next 20 years.

(CPV) - Prime Minister (PM) Nguyen Tan Dung has adopted a plan to orient the attraction, management and use of ODA and preferential loans from foreign sponsors during the 2016-2020 period.

Domestic and foreign investors were urged to invest more in the central province of Nghe An for its geographic advantages, improved infrastructure and open investment policies during an investors' meeting held on February 21st in the province.

Since switching to growing mangoes of three colours, farmer Nguyen Hoang Du in the Mekong Delta province of An Giang is no longer worried about finding a market for them.

Prime Minister (PM) Nguyen Tan Dung has issued a decision recognizing Hung Ha district in the northern province of Thai Binh as a new-style rural area.

(CPV) - The Vietnam Television (VTV) and two partners, State Capital Investment Corporation and GRG Group, have set up a Joint Stock company to build the Vietnam Television tower, the highest of its kind in the world.

Prime Minister (PM) Nguyen Tan Dung has recognized My Tho city as the first-type urban area, and Tam Ky and Tra Vinh cities as the second-type urban areas, directly under provinces.

On February 16th, Politburo member and Deputy Prime Minister (PM) Nguyen Xuan Phuc visited and worked with the Party Central Committee (PCC) Economic Commission.

On February 15th, Truong Hai Automobile Joint Stock Company (Thaco) inaugurated and put operation Vietnam's first factory for trailers and special vehicles.