Trade – Investment

A record number of 103,658 new firms were established in the first eight months of this year, a rise of 2.3% year on year and 1.2 times higher than the average number for the same period during 2018-2022, reported the Ministry of Planning and Investment (MPI).

Ho Chi Minh City attracted US$1.97 billion in foreign direct investment (FDI) during the eight months of the year, a fall of 27.2% against the same period from last year, according to the Ho Chi Minh City Statistical Office.

Vietnam is among exhibitors at the 12th edition of the World Chili Pepper Trade Fair in the city of Rieti, Italy, from August 30 to September 3, showcasing not only its best chili products but also other spices like pepper, tea, coffee, cinnamon and anise.

In the first eight months of 2023, rice exports reached USD3.17 billion, up 36.1% over the same period, according to the latest statistics from the Ministry of Agriculture and Rural Development.

The first international rice festival will be held in the Mekong Delta province of Hau Giang in late 2023.

The total foreign investment capital registered in Vietnam reached USD18.15 billion in 8 months, up more than 8% over the same period last year.

Surpassing Japan, China now ranks third among the countries and territories with significant investments in Vietnam since the beginning of the year.

Vietnam's import and export turnover to the Asian market during the opening seven months of the year reached US$241.84 billion, accounting for the largest proportion at 65% of the total import and export value of Vietnamese goods to the world and a drop of 13.5% on-year, according to the General Department of Customs.

Samsung Vietnam, in collaboration with the Ministry of Industry and Trade and localities, held the closing ceremony of the "Smart Factory Development Cooperation Project", phase 1/2023 at 12 participating enterprises in the North to summarise and evaluate the performance of the project.

Fruit and vegetable exports during the past eight months stood at an estimated US$3.5 billion, up nearly 56% over the same period from last year, hitting a record high for the fruit and vegetable industry, according to statistics released by the General Department of Vietnam Customs.

Vicem Ha Tien Cement Joint Stock Company (Vicem Ha Tien) has announced that its first batch of cement exported to the US will arrive at Guam port later this month.

A ceremony was held in the northern mountainous province of Hoa Binh on August 25 to ship a batch of 17.3 tonnes of fresh sugarcane to the US.

Vietnam enjoyed a trade surplus of 16.25 billion USD as of August 15, according to the General Department of Customs.

According to the General Department of Customs, Vietnam's import and export of goods in the first 7 months of 2023 to the Asian market region reached USD241.84 billion, accounting for the largest proportion of 65% of Vietnam’s total import and export value of goods to the world, a decrease of 13.5% from the same period last year.

According to the latest statistics of the General Department of Customs, in the first 7 months of the year, the total import-export turnover between Vietnam and China reached more than USD89 billion.

The 2023 Hanoi Supporting Industry Fair officially kicked off at the National Architectural Planning & Construction Exhibition in the capital on August 23.

The Vietnam Association of Seafood Exporters and Producers (VASEP) opened the Vietnam Fisheries International Exhibition (VIETFISH EXPO 2023) at the Saigon Exhibition and Convention Centre in Ho Chi Minh City (HCMC) on August 23.

(CPV) - The Vietnam Bank for Social Policies (VBSP) has coordinated with the Ho Chi Minh National Academy of Politics to successfully organize a national scientific seminar on social policy credit and issues of implementing and ensuring social security.

(CPV) - ResponsAbility Fund (Switzerland) continues to support 20-million-USD debt financing for CME Solar Investments (CME Solar) to develop renewable energy projects in Vietnam.

An innovative e-traceability system to track the origin and carbon footprints of each dragon fruit have been introduced at a conference in the south-central province of Binh Thuan.

The Vietnamese Week in Thailand 2023 themed “the Magic Taste of Vietnam” was jointly held by the Ministry of Industry and Trade and Thai Central Retail at Central World, Bangkok, on August 16.

Israel has proposed establishing a cooperation fund with Vietnam to support Israeli start-ups investing in Vietnam.

(CPV) - Siemens marks its 30th anniversary of official establishment in Vietnam with an Appreciation Dinner on August 16 in Ho Chi Minh City.

The Vietnam-Republic of Korea (RoK) trade promotion week will take place in the northern port city of Hai Phong from September 1-10, which is part of activities to celebrate the 31st anniversary of Vietnam- RoK diplomatic relations.

According to the General Department of Customs, Ho Chi Minh City and Bac Ninh were two localities that recorded export turnover of goods exceeding USD20 billion.

Sunrise Material of Singapore signed an agreement with Vietnam’s Dai Phong infrastructure development joint stock company on August 11 to develop a polymer wrap film production project worth 100 million USD in the northern province of Nam Dinh.

Vietnam's fruit and vegetable industry achieved a record of export growth in the first 7 months of this year, bringing in USD3.23 billion, up 68.1% over the same period last year. With the current growth rate, it is forecasted that in the remaining 5 months, fruit and vegetable exports will reach from USD2.5-2.7 billion, according to the Import and Export Department under the Ministry of Industry and Trade.

Vietnam is still the largest shrimp supplier to Japan, accounting for a market share of 23.7%, while Thailand ranks second with a market share of 17.7%, the Vietnam Association of Seafood Exporters and Producers (VASEP) has reported.

Thanks to incentives under the EU-Vietnam Free Trade Agreement (EVFTA), Vietnam has emerged as an appealing destination for enterprises from the European Union (EU) in general and Northern Europe in particular, Vietnam’s Trade Counsellor in Sweden and Northern Europe Nguyen Thi Hoang Thuy has said.

The average price of Vietnam's exported coffee in July set a new record by being traded US$2,828 per tonne, growing by 5.4% against June, marking a rise of 23.4% over the same period from last year.