Trade – Investment

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 2023 VietFood & Beverage - Propack Vietnam international exhibition opened at the Saigon Exhibition and Convention Center (SECC) in District 7, Ho Chi Minh City on August 10 with the participation of more than 700 businesses from 20 countries and territories.

Vietnamese tourists have a high occupancy rate and a stable growth rate among the total number of visitors to Phuket, Thailand, especially in the post-COVID-19 pandemic period.

The HCMC-Perth direct route will be launched from November 21, 2023 with a frequency of two return flights per week, according to Vietjet.

The Vietnam International Logistics Exhibition (VILOG) 2023, the first of its kind, opened at the Saigon Exhibition and Convention Center (SECC) in District 7, Ho Chi Minh City on August 10.

In July, Korean investors alone poured more than USD1.1 billion into Vietnam, bringing the total investment capital of Korean enterprises in Vietnam in the first 7 months to USD2.34 billion, accounting for 14.4% of the total foreign investment capital to Vietnam in the first 7 months of the year.

In the first 6 months of 2023, China purchased 50,369 tons of pepper from Vietnam, up 798%, which was nearly 8 times compared to the same period last year.

A delegation from the US’s California state including representatives from the San Francisco Bay Area Council and the Vietnamese-American Business Association (VABA), led by Mayor of Oakland Sheng Thao, paid a working visit to Long An province on August 8.

The Vietnam-India business forum was jointly organised by Vietnam’s Ministry of Industry and Trade, the Vietnamese Embassy in India, and the PHD Chamber of Commerce and Industry in New Delhi, India on August 7.

The Free Trade Agreements with the United Arab Emirates (UAE), EFTA bloc and free trade agreements in ASEAN are being actively implemented, the Ministry of Industry and Trade reported.

A direct flight connecting Ho Chi Minh City (Vietnam) and Jakarta (Indonesia) has been launched by VietJet Air.

Vietnam's modernization within the framework of Vietnam-Japan cooperation towards 2020, with a vision to 2023, prioritizes the development of 6 industries.

Japan has surpassed the United States to become the leading importer of Vietnamese aquatic products during the second quarter of the year, raking in US$713 million, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Vietnam and Iran have a lot of potential to promote cooperation in various sectors in the future, Dr. Abed Akbari, Director of the Tehran International Studies and Research Institute told Vietnam News Agency correspondents in the Middle East on the occasion of 50th anniversary of the Vietnam-Iran diplomatic ties (August 4, 1973-2023).

The total disbursement of public investment reached 267.6 trillion VND (11.2 billion USD) as of the end of July, fulfilling only 35.49% of the plan set for 2023, but higher than the 34.47% recorded in the same period last year, according to the Ministry of Finance.

Vietnamese exporters have encountered many challenges due to rising inflation worldwide, the downward trend in commodity prices and the falling demand in many export markets. In such a difficult context, the firms are urged to diversify export markets besides traditional ones, experts have suggested.

On August 3, in Ho Chi Minh City, the United States Department of Agriculture (USDA) cooperated with MM Mega Market Vietnam to introduce to the people and visitors the typical culinary dishes from this country called "Discovering the taste of US".

From now until October, Vietnam will export 2 million doses of African swine fever (ASF) vaccines to the Philippines and Indonesia, according to Head of the Department of Animal Health.

In the first 7 months of 2023, the export value of agricultural and livestock products grew well, but the export value of aquatic products, forest products and production inputs decreased by more than 25% compared to the same period last year.

The Ministry of Agriculture and Rural Development said that, in mid-August, the General Administration of Customs of China will conduct a field inspection of Vietnamese fresh coconuts to consider allowing official exports to this country.

Khanh Hoa province always welcomes and supports foreign enterprises and investors, including those from Canada, so that they can gain success in doing business in the locality, Nguyen Khac Toan, Chairman of the provincial People’s Council has said.

Vietnam recorded a trade surplus of about 15.23 billion USD in the first seven months of this year, an increase of 1.34% over the same period last year, according to data released by the General Statistics Office of Vietnam (GSO) on July 29.

Vietnamese auto maker VinFast on July 28 held a groundbreaking ceremony of its electric vehicle factory in North Carolina, marking an important step in the company's strategy to expand its market, develop its global electric vehicle brand and become self-sufficient in its supply in North America.

The national consumer price index (CPI) in July grew by 0.45% month-on-month, fueled by higher prices of food, foodstuff and electricity, the General Statistics Office (GSO) said on July 29.

A conference was held in the Mekong Delta province of Long An on July 28 to call for Japanese investment, on the occasion of the 50th anniversary of Vietnam-Japan diplomatic ties this year.

The 2023 Cross-border E-commerce Expo Vietnam, the first of its kind, will be organized by Vinexad National Trade Fair and Advertising Joint Stock Company in Ho Chi Minh City from August 10-12.

More than 1,000 domestic and international brands in the cosmetics and beauty industry are showcasing their products and technologies at the Vietbeauty & Cosmobeauté Vietnam, which opened at Saigon Exhibition and Convention Center in District 7, Ho Chi Minh City (HCMC) on July 27.

(CPV) - The Vietnam Bank for Social Policies (VBSP) had a meeting and worked with the delegation of the Ministry of Agriculture and Livestock Development of Nepal (MoALD) led by Mr. Durga Prasad Pandit, Under Secretary of the Ministry, on July 26.

A conference has been recently organized in Tokyo, Japan to connect Japanese investors with Vietnamese localities, industrial parks, and enterprises.

On July 25, at the conference to announce the planning and investment promotion programmes of Long An, the province awarded investment certificates to 9 investors with a total registered capital of VND40,400 billion (equivalent to USD1.7 billion).