Trade – Investment

In Vietnam, the semiconductor industry is believed to hold huge potential for making breakthroughs to help with fast and sustainable economic development, but the shortage of manpower is posing a huge challenge.

A thematic seminar on culture-tourism exchange and human resources development between the northern province of Quang Ninh and Japan’s Hokkaido prefecture was held on November 17, as part of the Hokkaido Festival 2023 in Ha Long city.

Ho Chi Minh City and European partners will continue to study and implement cooperation in the fields of economy, commerce, and investment effectively.

The Chinese General Department of Customs has officially licensed Khanh Hoa NGK Bird’s Nest Joint Stock Company to export pure bird’s nest products to the market.

Vietnam ranks first in the world in terms of cinnamon exports, heard a national conference on sustainable development of the cinnamon sector held in Hanoi on November 15.

The Ministry of Agriculture and Rural Development (MARD) in collaboration with the Australian Embassy in Vietnam has organized a symposium on strengthening the Vietnam-Australia technical, trade and investment collaboration in the cattle raising sector.

Policy credit is not only a companion of ethnic minorities in the Truong Son mountain range, but a platform to help local governments realize the goal of hunger eradication and poverty reduction.

As of October 20, 2023, the northern province of Bac Ninh permitted 308 new foreign direct investment (FDI) projects, an increase of 3.14 times compared to the same period last year with a total capital of more than 908 million USD.

On November 14, 2023, Ho Chi Minh City was presented the ASO CIO 2023 award by the Asia-Oceania Computing Industry Organization (ASOCIO) for the category of Excellent Digital Government at the ASOCIO Digital Summit in Seoul, the Republic of Korea.

With a series of incentive programs, promotions and discounts, Hanoi Promotion Month 2023 continues to contribute to stimulating consumer demand, connecting and promoting Vietnamese goods, and supporting businesses to stabilize and develop production and business.

VinFast plans to expand the distribution network of its electric vehicles to 125 points of sale across the US to realize the goal of making electric vehicles more accessible to everyone.

As of October 15, 2023, Vietnam’s shrimp exports to Japan reached 388 million USD, down 28% from the same period last year, according to data from Vietnam General Department of Customs.

Discussions on investment and trade, culture, tourism, health care, education, transportation and logistics, as part of the 10th conference on economic corridor cooperation involving Lao Cai, Hanoi, Hai Phong, Quang Ninh of Vietnam and China’s Yunnan province, took place in Hanoi on November 13.

Export turnover of rattan, bamboo, sedge and carpet reached an estimated 60 million USD in October 2023, bringing the total revenue in the first 10 months of the year to 589.69 million USD, according to the General Department of Customs.

The Hanoi People’s Committee asked to promote VND120 trillion credit program for investors and buyers of social housing and worker housing projects.

The Hanoi Rural Industrial Goods Fair 2023 will be heldfrom November 24 to 28, in Hanoi. This is the first time the capital has organized the fair.

The northern port city of Hai Phong remained the biggest magnet for foreign direct investment (FDI) inflows in the first 10 months of this year, attracting nearly 3.1 billion USD, up 68% year on year, or equivalent to over 153% of the yearly target, said Chief of the Office of the municipal People’s Committee Nguyen Ngoc Tu.

More should be done by rice exporters to understand the market and minimise risks, said industry insiders and experts.

The Ministry of Transport (MoT) and the United National Development Programme (UNDP) and the Japanese Embassy in Vietnam jointly held a conference in Hanoi on November 10 to discuss ways to accelerate the transition to electric vehicles.

Industrial production in the first 10 months of 2023 in Ho Chi Minh City has had much prosperity, as the production index of 4 key industries enjoyed sharp increases compared to the same period last year.

China is the second largest export market of Vietnam in Jan-Oct 2023, with an estimated turnover of 49.5 billion USD, a year-on-year rise of 5%, according to the Ministry of Industry and Trade.

With 90.49% of approval votes, the National Assembly (NA) on November 9 adopted a resolution on the socio-economic development plan for 2024, which sets a target of 6.0 - 6.5% growth in gross domestic product (GDP) for the year.

A business seminar has been held in Nograd county of Hungary with a view to promoting economic and trade relations between Vietnam and the European country.

The organizers of the Campaign "Vietnamese people prioritize using Vietnamese products" in Hanoi have selected 150 products and services of 140 businesses in 18 product and service groups to be recognized as Top Vietnamese products loved by consumers in 2023.

Vietnam’s aquatic exports to major markets such as the United States and China have seen a remarkable increase recently due to a rebound in demand for seafood products during the year-end period, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Vietnam's first electric vehicle (EV) maker VinFast plans to build a plant with an investment capital of 18.6 trillion Rp (1.2 billion USD) in Indonesia, according to Presidential Chief of Staff of Indonesia Moeldoko.

Disbursement of public investment capital by October 31, 2023 is estimated at 401,863.4 billion VND, fulfilling 56.84% of the year’s plan assigned by the Government leader, according to the Ministry of Finance.

A webinar was held by the Export Support Centre under the Ministry of Industry and Trade’s Vietnam Trade Promotion Agency on November 3 to seek ways promoting the export of farm produce, processed and Halal food to Indonesia.

Nearly 30 leading Japanese corporations and firms are recruiting over 2,500 employees and interns in Japan and Japanese affiliates at the Japan Job Fair 2023 in Ho Chi Minh City on November 4.

A delegation of Japan’s Shiga prefecture led by Governor Mikazuki Taizo visited and had a working session with the People’s Committee of Ha Nam on November 3 to learn about this northern province’s investment environment.