Trade – Investment

The People’s Committee of the southern province of Ba Ria - Vung Tau granted investment licences to five new projects worth USD160 million in total.

Corporations of Vietnam and the United States on February 15th (US time) inked several deals in the presence of Prime Minister Nguyen Tan Dung on the sidelines of the ongoing special ASEAN-US Summit in Sunnylands, California.

Many goods imported from Laos will enjoy a reduction of 50 percent of tariffs between February 14th, 2016, and October 3rd, 2020, according to the Ministry of Finance.

The consumer electronics market is set for a strong period of growth with many new stores opening amid a revival after a downturn, industry insiders forecast.

Vietnam is making all-out efforts to build a low-carbon economy towards green growth in order to realise the United Nations Framework Convention on Climate Change.

The US has become Vietnam’s leading trade and investment partner, which has been reflected through impressive trade values between the two countries over recent years.

The upper chamber of the Kazakhstani parliament has ratified a free trade agreement between the Eurasian Economic Union (EAEU) and Vietnam, according to the Russian news agency TASS on February 11th.

Bui Quang Vinh, Minister of Investment and Planning, spoke to Tuoi Tre (Youth) about the country's resolve to continue to pursue its economic reforms.

(CPV) - Japan is currently the largest ODA donor and the second largest foreign direct investment provider of Vietnam. A unique feature of Japanese ODA to Vietnam is the close link between the capital funding support for infrastructure construction, technical cooperation, and grant aids for human resource capacity building and improvement of policy mechanism.

President Truong Tan Sang has suggested the oil and gas sector build a stabilisation fund to map out business plans and balance incomes for employees given difficulties caused by the declining global oil prices.

The State Bank of Vietnam (SBV) has allowed the Ho Chi Minh City branch of the Development Bank of Singapore Limited (DBS Bank Ltd.) to increase its charter capital.

Cam Pha port and logistics company, an affiliate of the Vietnam National Coal and Mineral Industries Group (Vinacomin), in the northern province of Quang Ninh loaded 33,000 tonnes of coal for two ships on February 8th, the first day of the Year of the Monkey.

The Ministry of Construction has completed its mid-term public investment for 2016-2020 under the Law on Public Investment to submit to the Ministry of Planning and Investment.

(CPV) - The Trans-Pacific Partnership is considered as typical of the new generation of Free Trade Agreements. It is forecast to affect Vietnam’s economy in various aspects, bringing numerous opportunities but also posing new challenges.

Foreign markets, especially Trans-Pacific Partnership (TPP) agreement members, will take in Vietnamese fruit and vegetables this year, but the question now is how to supply enough volume while following strict safety standards, an official said.

The Mekong Delta region targets to earn USD14.34 billion from export in 2016, a year-on-year increase of USD1.14 billion.

Economic ministers from 12 member nations signed the Trans-Pacific Partnership (TPP) agreement in Auckland, New Zealand on the morning of February 4th.

(CPV) - As the lunar new year 2016 is coming very soon, the number of 3G subscribers of Viettel is expected to increase from 30% to 50%, while customers who use data services will double, forecast the Vietnam Military-run Telecommunications Group Viettel on February 2nd.

(CPV) - The European Union (EU) on February 1st published the text of the Free Trade Agreement between the EU and Vietnam (EVFTA). The step follows the conclusion of the negotiating process in December 2015.

(CPV) - Prime Minister (PM) Nguyen Tan Dung has agreed to adjust the development scheme of industrial zones in the southern province of Binh Duong until 2020.

Vietnam has invested in upgrading its electricity transmission lines in preparation for importing power from Laos, according to the National Power Transmission Corporation (EVN NPT).

Exports of agricultural, forestry and fishery products are estimated to reach USD2.33 billion in January 2016, down 3.1% over a year earlier, according to the Ministry of Agriculture and Rural Development.

The Government will take measures to create momentum for economic development right in the first months of this year, particularly in the context of dropping oil prices, Chairman of the Government Office Minister Nguyen Van Nen said at a regular press briefing on January 29th.

(CPV) - The Vietnamese Ministry of Natural Resources and Environment (MONRE) and the Korea International Cooperation Agency signed a Record of Discussion in Hanoi on January 29th to implement the “VietLIS-based land valuation capacity and land price information system improvement for Vietnam” project.

(CPV) - The annual general meeting (AGM) of the German Business Association in Vietnam has just elected its new Board of Management 2016 via video-link in Ho Chi Minh city and in Hanoi.

The Industrial Production Index (IPI) in January 2016 was estimated to increase 5.9% over a year earlier, reported the General Statistics Office.

(CPV) - The US Department of State Bureau of Economic and Business Affairs announced ten finalists for the 2015 Secretary of State’s Award for Corporate Excellence (ACE).

(CPV) - The Trans Pacific Partnership (TPP) trade deal will be officially signed on February 4th, in Auckland, New Zealand, with the unanimous support of leaders of TPP member countries, said the Ministry of Industry and Trade (MoIT).

(CPV) - Preparations of essential goods to ensure adequate supply to meet the demand of Hanoi people during the Lunar New year (Tet) 2016 were completed, said the municipal People’s Committee.

The Hanoi municipal People’s Committee has issued decision establishing Dong Anh Industrial Complex in Nguyen Khe commune, Dong Anh district, Hanoi.