Trade – Investment

The first batch of Bac Giang lychees exported to Thailand via the official channel has been introduced to Thai consumers by The Mall Group at its seven shopping malls.

Deputy Prime Minister Tran Luu Quang on July 8 worked with leaders of the Mekong Delta city of Can Tho on the progress of projects using official development assistance (ODA) in the city.

Construction of Ca Na New City urban development project, which has a total investment of nearly 4.5 trillion VND (192.27 million USD), started in Thuan Nam district of the south-central province of Ninh Thuan on July 8.

The south-central coastal province of Binh Dinh always wants to strengthen cooperation with Japanese firms, a local official affirmed at an investment and trade promotion conference in Quy Nhon city on July 7.

The Vietnam-France Economic Forum 2023, themed "Towards green and sustainable development", was held in Hanoi on July 7, aiming to honour the close relationship between the two countries as well as offer a chance for policy makers, businesses and scholars to exchange cooperation plans.

Tuna exports through the EU market have made a breakthrough recently, focusing mainly on canned tuna products with an increase of 71%.

Over the past 2 weeks, the Song Khoai Industrial Park invested by Amata Group in Quang Yen coastal economic zone, Quang Ninh province, has continuously welcomed new projects from Singapore and Japan.

(CPV) - German businesses express more confidence on their business development and have positive expectations on economic growth than they did in the fall of 2022.

The first-ever Vietnam Fisheries Technology Exhibition (FISTECH 2023) opened in the north-eastern coastal province of Quang Ninh on July 5, attracting nearly 100 domestic and international firms and organisations.

The Japan International Cooperation Agency (JICA) has just provided a loan to Vietnam worth more than JPY61 billion (about VND10,670 billion) for 3 projects.

On July 5, the Vietnam International Marine & Offshore Expo (VIMOX) 2023 opened in Hanoi with the participation of more than 100 leading enterprises that provide machinery equipment and technology in the maritime industry and shipbuilding from many countries around the world.

The consumption of lychee into the US supermarket system is a great success in promoting the consumption of Vietnamese fruit in general and lychees in particular in this market.

(CPV) - The United States Department of Agriculture’s Foreign Agricultural Service in Hanoi partners with WinMart, one of the fastest growing retailers in Vietnam, to bring American tastes closer to Vietnamese consumers.

In the first 5 months of 2023, Vietnam continued to be the largest rice supplier to the Philippines, with about 1.5 million tons, accounting for 90% of the country's total rice imports, the Asia - Africa Market Department under the Ministry of Industry and Trade reported, citing figures from the Philippine Office of Statistics.

In the first 6 months of 2023, the export turnover of vegetables and fruits was estimated at USD2.8 billion, close to the figure of the whole year 2022 (USD3.3 billion).

From 2018 to 2022, Bac Ninh province attracted nearly USD7.4 billion in foreign investment.

Despite the first five months of the year seeing the export of squid and octopus drop by 13% on-year, exports to the Japanese market hit US$64 million, marking an annual rise of 4%, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Total revenue from retail sales of consumer goods and services increased 10.9% year-on-year in the first six month of this year to more than 3 quadrillion VND (127 million USD), according to the General Statistics Office (GSO).

The Government on June 30 issued Decree No. 44/2023/ND-CP on reducing the value added tax (VAT) in line with the National Assembly’s Resolution No. 101/2023/QH15 dated on June 24, 2023.

A conference on trade and investment cooperation between India and the Mekong Delta province of Dong Thap was held in Cao Lanh city on June 28 by the Dong Thap Provincial People's Committee and the Consulate General of India in Ho Chi Minh City.

(CPV) - Since establishing a cooperative relationship in 2010, the Vienam Bank for Social Policies (VBSP) has always actively supported the Laos Bank for Social Policy in the process of building, developing and restructuring through sharing experiences successfully applied in Vietnam. VBSP’s lessons have been applied and implemented in Laos with very positive initial results.

Winners of the 2023 Top 50 Corporate Sustainability Awards (CSA 2023) were honoured at a ceremony held by Nhip Cau Dau Tu (Investment Bridge) magazine in coordination with some units in Ho Chi Minh City on June 29.

The Vietnam-Canada Business Forum was organized on June 27 on the occasion of a working visit to Vancouver of the Ho Chi Minh City (HCMC) People's Committee delegation.

On June 28, in Thai Binh city (Thai Binh province), a seminar on investment and cooperation and development between Thai Binh province and Germany was held, with an aim to further promote the strong investment of the key European market to the province.

On July 5, the first container of Vietnamese specialty coffee will be exported to the Japanese market.

The International Exhibition of Energy and Environment Technology Hanoi 2023 (Entech Hanoi 2023) officially opened on June 28 in Hanoi with the participation of 175 domestic and foreign businesses.

In the first 6 months of 2023, Vietnam's total new and adjusted investment capital abroad reached more than USD320.6 million, equaling 92.7% compared to the same period last year, according to statistics from the Foreign Investment Agency.

Coffee is the export highlight of agricultural products; in just over the first 5 months of the year the industry's export revenue has surpassed USD2 billion.

On June 26, the Hai Phong City People's Committee awarded the registration certificate to increase investment capital by USD1 billion to LG Innotek Vietnam Hai Phong Co., Ltd.

In a report by Standard Chartered titled “Future of Trade: New opportunities in high-growth corridors”, Vietnam will be one of the key contributors to global trade growth. Vietnam's exports are expected to reach USD618 billion by 2030, with an annual growth rate of 7%, higher than the global average of 5%.