Trade – Investment

More than 30 Vietnamese enterprises have their agricultural products and processed food introduced at World Food India (WFI) 2023 that opened in New Delhi, India, on November 3.

(CPV) - Not only vegetables, but many agricultural products such as rice, coffee, and cashew nuts reached new records in exports, according to the Ministry of Agriculture and Rural Development.

Vietnam’s real estate market is witnessing a rising number of merger and acquisition (M&A) deals, with the engagement of both foreign and domestic investors.

A delegation from the central province of Binh Dinh led by Secretary of the provincial Party Committee Ho Quoc Dung on November 3 organised an investment promotion conference in the Republic of Korea (RoK) as part of their visit to the country.

Deputy Minister of Finance Vo Thanh Hung and Dutch Ambassador to Vietnam Kees van Baar on November 2 exchanged the Memorandum of Understanding (MoU) on the implementation of the Vietnam-Netherlands agreement on cooperation and mutual administrative assistance in customs matters.

Vietnamese Minister of Industry and Trade Nguyen Hong Dien and Mongolian Minister of Food, Agriculture and Light Industry Khayangaa Bolorchuluun signed a memorandum of understanding on sustainable rice trading in Hanoi on November 1, in the presence of President Vo Van Thuong and his Mongolian counterpart Ukhnaagiin Khurelsukh.

The value of tuna exports to Canada in September 2023 has reversed, increasing by 44% over the same period last year, worth 3 million USD, cutting the reduction momentum of the previous 8 consecutive months, according to statistics from the General Department of Customs.

Vietnam’s rice export price is still leading the world, exceeding Thailand and Pakistan, while the 10-month export value has surpassed the record of the same period within the last 14 years.

(CPV) – Vietnam’s total export and import turnover of goods is estimated to reach 557.95 billion USD in January-October 2023, and the trade balance of goods was estimated to have surplus of 24.61 billion USD, according to the General Statistics Office (GSO).

Rise in tuition fees in some localities and domestic rice price increases are the main reasons the consumer price index (CPI) in October 2023 surged by 0.08% compared to the previous month.

The country saw 15,400 enterprises established and 5,600 enterprises resuming operation in October, according to the General Statistics Office (GSO).

The Vietnam Oil and Gas Group (Petrovietnam) and its partners signed and started to implement the Block B – O Mon gas-to-power value chain project at a ceremony in Hanoi on October 30 with Prime Minister Pham Minh Chinh attending.

The Hanoi People’s Committee has issued Plan 257/KH-UBND on promoting exports in Hanoi in 2024.

The Hanoi Promotion Agency, in collaboration with relevant departments and agencies, launched Hanoi Mega Sale 2023 in the capital city on October 27 evening.

Vietnam is the world's sixth-largest fibre exporter and the world's third-largest exporter of textiles and garments - just behind China and Bangladesh.

(CPV) - Many world experts and economic research organizations have adjusted Vietnam's growth forecast for this year and next year. Growth forecast adjustments show that Vietnam's economy is gradually recovering and has positive growth compared to other economies.

Vietnamese durian exports to the UK have increased due to high demand for this fruit and the advantages of the UK-Vietnam Free Trade Agreement (UKVFTA).

Foreign direct investment (FDI) into Vietnam since the beginning of the year has reached over 25.76 billion USD, up nearly 15% over the same period last year. Notably, newly registered capital increased sharply, both in number of projects and capital, however, additional capital decreased.

The People's Committee of the northern province of Yen Bai on October 27 coordinated with the Hai Phong Economic Zone Authority to organise a conference to promote and connect investment with businesses from the Republic of Korea (RoK).

(CPV) - Vietnam's electronics industry is booming, playing a key role in driving the country's trade and GDP growth over the past decade.

The second international exhibition on food, drink, restaurant, bakery and food service equipment, supplies & services (International Food & Hotel Hanoi 2023) will take place on November 21-23 at the International Centre of Exhibition (ICE), according to the event’s organisers.

A company in the Mekong Delta province of Tra Vinh on October 25 exported the first lot of a drink made from fresh coconut nectar to the US.

Singapore’s Energy Market Authority (EMA) on October 24 announced that it has given tentative approval for plans to import 1.2 gigawatts (GW) of primarily wind-generated electricity from Vietnam.

The value of Vietnam’s durian export in the first nine months of 2023 reached 1.63 billion USD, 14 times higher than the figure of same period last year, according to statistic of the General Department of Customs.

The Ministry of Industry and Trade’s Department of Export and Import has announced a list of 170 eligible rice exporters as of October 18.

Total export value of wood and wooden products reached 9.6 billion USD in Jaunuary-September 2023, down 21.8% from the same period last year.

The total remittances to Ho Chi Minh (HCM) City in the first 9 months of 2023 exceeds that of the whole of 2022. This is an impressive result and has a positive impact on many aspects of the economy.

Prime Minister Pham Minh Chinh received Chairman of John Swire & Sons Limited Guy Bradley in Hanoi on October 24, welcoming the UK-headquartered firm’s continuous expansion of investment and business activities in Vietnam.

Despite sluggish performance driven by a fall in steel prices, experts are optimistic about the steel industry’s recovery in 2024 as the Government's policies and the revised Land Law are put in place to support the realty market and the construction industry.

According to a recent report submitted by the Government to the National Assembly, the total foreign investment of Vietnam’s state-owned enterprises reached 6.6 billion USD as of December 31, 2022.