Trade – Investment

(CPV) - The Hanoi Public Transportation and Services Company (Transerco) on January 5th opened the 29-10D register center in Hoang Van Thu ward, Hoang Mai district, Hanoi.

Prime Minister Nguyen Tan Dung has recognized Lam Thao district in the northern province of Phu Tho as a new-style rural area.

Trade via border gates is expected to reach USD30 billion in 2016, Deputy Minister of Industry and Trade Nguyen Cam Tu said at a Hanoi conference on January 5th.

Bilateral trade has expanded from zero since the day Vietnam and the US normalised their diplomatic ties 20 years ago to USD36.3 billion in 2014. The figure is expected to hit USD40 billion in 2015.

ASEAN has launched its Community but has already put in place the path to ensure that the momentum of the integration process continues over the next 10 years.

Domestic enterprises in the retail industry should strengthen their connections to take better advantages of resources and increase their competitiveness over foreign investors, Chairman of the Hanoi Supermarket Association Pham Vinh Phu said.

Ports across the country were busy welcoming the first cargo ships and containers of 2016 on January 1st.

The Southern Power Corporation of the Electricity of Vietnam (EVN SPC) has so far supplied electricity for nearly 30,500 households in the island districts of Phu Quy, Con Dao, Phu Quoc and Kien Hai.

Vietnam targets ten percent export growth in 2016, said Deputy Minister of Industry and Trade Tran Tuan Anh during a teleconference on December 31st.

Hanoi collected a total of VND155.7 trillion (USSD6.85 billion) for the state budget as of December 31st, exceeding estimates by nearly 10 percent.

Minister of Transport Dinh La Thang praised Vietnam Airlines for its prominent outcomes in 2015 at a conference in Hanoi on December 30th, affirming that the firm’s good performance significantly contributes to the transport sector’s achievements in the year.

Co To district in the northern province of Quang Ninh has received Prime Minister (PM) Nguyen Tan Dung’s nod to be recognized as a new-style rural area.

(CPV) - The capital has successfully carried out its socio-economic development plan in 2015, gaining positive and comprehensive results. It strives to record a gross regional domestic product (GRDP) growth of between 8.5%-9%, and the GRDP per capita ranging between VND85-87 million in 2016.

(CPV) - In 2015, the national flag carrier safely operated over 127,500 flights, a 3.5% increase from the previous year, transporting around 17.4 million passengers, a 4.8% increase from the plan.

(CPV) - Export turnover of agricultural, forestry and fishery products in December 2015 amounted to USD2.65 billion, bringing the figure for the whole year to USD30.14 billion, a year-on-year reduction of 0.8%, reported the Ministry of Agriculture and Rural Development.

Prime Minister Nguyen Tan Dung has decided to recognize Yen Lac district in the northern province of Vinh Phuc as a new-style rural area.

(CPV) - The Quang Ninh provincial People’s Committee has decided to end operations at the Bai Chay Tourist Wharf from January 1st, 2016 and remove it from the planning of the ports and wharfs system for Ha Long bay and Bai Tu Long bay.

Vietnam ranked third in the number of companies licensed to operate in the construction sector in Cambodia, said Sui Nara, Head of the Construction General Department under the Cambodian Ministry of Land Management, Urban Planning and Construction.

A ceremony to honour and award “The most favourite Vietnamese brand names in 2015” for 35 outstanding businesses in various fields took place on December 26th in Ho Chi Minh City.

The central city of Da Nang has called for investment in 19 Public-Private Partnership (PPP) projects, with a total capital of VND16.5 trillion (USD768 million).

(CPV) - A ceremony to inaugurate Son La - Lai Chau 500 KV transmission line expanding the 500KV Son La project was held on December 24th at Pi Toong commune, Muong La district, Son La province.

The State Bank of Vietnam (SBV) expects credit growth at 18 - 20 percent in 2016, the bank’s Deputy Governor Nguyen Thi Hong said on December 24th.

(CPV) - Hanoi’s Consumer Price Index (CPI) in December 2015 continued to drop 0.03% from the previous month, and increased just 0.89% over a year earlier, reported the municipal Statistics Office.

(CPV) - After 5 years of surveying and researching Vietnam’s market, Emart - the leading Korean retailer under Shinsegae group will launch the Emart hypermarket for the first time in Vietnam on December 28th at 366 Phan Van Tri street, ward 5, Go Vap district, Ho Chi Minh city.

The Ministry of Industry and Trade of Vietnam and Ministry of Commerce, Industry and Environment of the Democratic Republic of Timor-Leste on December 21st signed a Memorandum of Agreement on rice trade.

(CPV) - As many as 200 enterprises with about 300 products were honoured at the “Vietnamese products most favoured by consumers” award ceremony, held on December 20th in Hanoi.

Deputy Prime Minister (PM) Vu Van Ninh has approved moving investment capital from the state budget to support infrastructure of Van Don Economic Zone (EZ) in Quang Ninh province.

Volume of exported rice is estimated to reach 6.55 million tonnes in 2015, with high-end white rice and jasmine rice accounting for 47%, reported the Vietnam Food Association (VFA).

(CPV) - Prime Minister (PM) Nguyen Tan Dung has agreed to increase the area of Dong Banh Industrial Zone (IZ) in the north-eastern mountainous province of Lang Son from 207 to 321.76 hectares.

Domestic steel producers made 6.1 million tonnes of building steel over the past 11 months, a year-on-year rise of 30%, reported the Vietnam Steel Association (VSA).