Trade – Investment

Total policy credit balance will reach 310.224 trillion VND by September 30, 2023, an increase of 34.6% compared to December 31, 2020, reaching an average growth rate of 11.5% a year, with nearly 6.7 million customers with outstanding loans.

Representatives from around 130 State and private enterprises operating in various fields in Cuba have attended a trade forum held by Vietnam’s Thai Binh Corporation in Havana.

The European Chamber of Commerce Vietnam (EuroCham) announced on October 9 its Business Confidence Index (BCI) for the third quarter of 2023, showing that the BCI has regained its upward trajectory in the period, which offers a glimmer of hope for the Vietnamese business environment after a turbulent year.

Vietnam’s overseas investment approximated 416.8 million USD during the first nine months of 2023, rising 4.6% year on year, reported the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

The south central province of Khanh Hoa has so far attracted six Japanese projects worth over 2.65 billion USD, or nearly 70% of the total foreign direct investment in the locality, heard the Khanh Hoa – Japan investment promotion conference held in Nha Trang city on October 7.

Vietnam’s export of rattan, bamboo, sedge and carpet products recorded a back in August to reach US$64.38 million, an increase of 4.2% from the previous month and 4.4% compared to August, 2022, according to statistics from the General Department of Vietnam Customs.

The northern port city of Hai Phong reeled in more than 3 billion USD worth of foreign direct investment (FDI) in the past nine months, up over 140% year-on-year and exceeding the yearly plan by over 52%.

A delegation from the central province of Ha Tinh paid a working trip to Slovakia from October 1-3 to promote bilateral economic ties with various localities, including Trnava region and its businesses.

Vietnam so far has more than 3,000 transportation and logistics businesses and about 25 of the world’s leading services providers are operating in the country.

The value of export-import goods going through the Mong Cai border gate in the northeastern province of Quang Ninh reached nearly 2.5 billion USD in the first nine months of the year, according to the Mong Cai city’s People's Committee.

Vietnam set a new record in rice export revenue in the first nine months of 2023 thanks to the increasing price of exported rice, according to the Ministry of Agriculture and Rural Development.

The VietShrimp Aquaculture International Fair 2024 (VietShrimp 2024), themed “In company with shrimp farmers”, will take place in the southernmost province of Ca Mau from March 20-22.

Semiconductor Company of the Republic of Korea (RoK) Hana Micron plans to invest 1 billion USD into chip production in Vietnam by 2025.

The Ministry of Transport said it has approved adjustments to the project reviewing, evaluating and recommending the results of research on planning for international airports of Da Nang, Cam Ranh and Phu Quoc for the 2021-2030 period with a vision toward 2050, and the planning scheme for Con Dao airport for the 2021-2030 period.

The September CPI in Ho Chi Minh City increased by 0.56% from August, with rises seen in the prices of eight out of 11 groups of commodities used to calculate the index.

Hanoi recorded nearly 2.53 billion USD in foreign direct investment (FDI) registered during the first nine months of 2023, maintaining its top position in FDI attraction in Vietnam, said the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

Vietnam’s trade surplus in September was estimated at 2.29 billion USD, bring the figure in the first nine months of the year to 21.68 billion USD, the General Statistics Office (GSO) announced on September 29.

A ceremony was held by the Binh Duong Provincial People’s Committee and the Vietnam Railways Corporation (VNR) on September 27 to launch an international multimodal train transporting goods from Song Than station to China.

The Dutch-based supplier of animal nutrition products De Heus officially inaugurated its De Heus Can Tho aquatic feed factory in Tra Noc II Industrial Park, O Mon district of Can Tho City on September 26.

The Vietnam Crafts Village Festival 2023 is scheduled to take place from October to November in the capital of Hanoi to preserve and promote the values of traditional craft villages.

Vietnamese Goods Week officially kicked off at the Système U supermarket chain in France on September 25 with the participation of 15 Vietnamese businesses.

A Vietnamese pavilion with local major coffee brands opened at the 5th World Coffee Conference & Expo (WCC), in Bengaluru city, India, on September 25.

Industrial parks in the northern province of Ha Nam so far this year have attracted 24 new projects, including 15 foreign direct investment (FDI) projects worth 176 million USD.

Nearly 50 Vietnamese enterprises attended a trade promotion and business matching program on September 22-23 as part of the Uttar Pradesh International Trade Show (UPITS), first held by the Indian state of Uttar Pradesh.

The central province of Quang Binh is active and open to investors and commits to accompany and create the most favourable conditions in order to turn investor ideas and its development goals into reality, an official has said.

Hai Phong city's Economic Zone Management Board on September 22 granted investment registration and adjustment licences to projects with total investment of more than 1.3 billion USD in local industrial parks.

Vietnam defines Bangladesh, which is currently the country's second largest trading partner in South Asia, as its important partner and a potential investment destination for major corporations and enterprises of the Southeast Asian country in the future, National Assembly Chairman Vuong Dinh Hue said on September 22.

Since May, Vietnam's export of wood and wood products has shown positive signs of recovery, with monthly export turnover of USD1.2 billion on average, the Handicraft and Wood Industry Association of Ho Chi Minh City (HAWA) has reported.

(CPV) - The 2023 Vietnam Economic and Social Forum entered the 2nd session, themed “Improving labor productivity, ensuring social security in the new context”, on September 19.

“International TECHFEST in Melbourne” is one of the new and outstanding features of the series of events towards the National Innovative Entrepreneurship Day 2023 (Techfest 2023), hosted by the Ministry of Science and Technology (M&T), to promote Vietnam’s innovative startup ecosystem that is dynamic, open, and ready to integrate deeply and widely and approach international standards.