Trade – Investment

On June 7, the Investment and Trade Promotion Center of Ho Chi Minh City (ITPC) in collaboration with the Embassy of the Republic of Poland in Vietnam and the Office of the Polish Trade and Investment Office in Ho Chi Minh City held the Poland-Vietnam information and telecommunications conference.

On June 7, the Tien Ngan Trade Investment Co., Ltd in collaboration with the Department of Agriculture and Rural Development of Hoa Binh province held a ceremony to export the second shipment of 18 tons of fresh sugarcane to the US market.

The TT Meridian Company has just imported 1 ton of Vietnamese early ripening lychees into the UK. This was the first official shipment of Vietnamese lychees to the UK this year.

Binh Dinh province will sign cooperation and investment agreements with Japanese businesses and partners at the event "Meet Binh Dinh - Japan in 2023" on July 7.

In the first 4 months of 2023, durian export value reached USD190.5 million, up 573.1% from the same period in 2022. Of which, 84.3% of the total value was exported to China.

On June 4, during the official visit to Vietnam by Australian Prime Minister Anthony Albanese, after the talks, Prime Minister Pham Minh Chinh and Prime Minister Anthony Albanese witnessed the exchange of cooperation documents and the opening of 2 direct flights between the two countries.

Vietnam will develop and diversify rice export markets with a reasonable, stable, and effective scale, market and product structure under a strategy recently approved by the Prime Minister.

The Republic of Korea (RoK)’s Consulate General in Da Nang on June 2 held a forum in Quang Nam province on June 2 to highlight the corporate social responsibility (CSR) that RoK firms have shown in the central region.

The total State budget revenue in the first five months of this year reached over 663.84 trillion VND (28.27 billion USD), equivalent to 48.3% of the ordinance estimate and 96.9% compared to the figure in the same period last year, reported the General Department of Taxation on June 2.

In the first five months of this year, Hanoi reported more than 13,000 newly established enterprises, with a registered capital of VND125,900 billion, according to the City Department of Planning and Investment.

In the first phase, Singapore’s COT Group will lease 6.6 hectares to invest in the construction of the project and will expand the investment scale with a land use demand of about 20 hectares in the next 5-8 years in Hung Yen province.

Binh Dinh wishes Japanese investors and businesses to study and survey investment in the locality.

On May 31, in Binh Duong, Mr. Luis Pablo Maria Beltramino, Argentinian Ambassador to Vietnam, cut the ribbon to inaugurate Serendipity Bros Factory with investment capital of more than USD300,000.

Grapefruit grown in Phuoc Binh commune, Bac Ai district in the south-central province of Ninh Thuan has received a farming area code, making it eligible for export to the US in the coming time.

The book entitled "Vietnam's direct investment abroad and in Myanmar", the first book on Vietnam's outward investment, was launched by the Vietnam-Myanmar Friendship Association and Institute for International Investment Studies (ISC) in Hanoi on May 31.

The Vietnamese retail market is considered to have high potential and is attracting the attention of foreign businesses, including Israeli and Brazilian businesses.

In the first 5 months of 2023, fruit and vegetable exports reached over USD1.8 billion, up nearly 29% from the same period last year, the General Department of Customs reported.

Since the beginning of the year, 1,601 shipments of durian have been officially exported through the Huu Nghi International Border Gate in Lang Son province, equivalent to nearly 60,000 tons.

More than 30 Vietnamese businesses are displaying their products at Seoul Food 2023, the largest food exhibition in the Republic of Korea (RoK), which opened on May 30.

In the first 5 months of 2023, the trade balance of goods was estimated to have a trade surplus of USD9.8 billion, according to the General Statistics Office.

According to the Foreign Investment Agency, 20 countries and territories received investment from Vietnam in the first 5 months of 2023, totalling nearly USD316.4 million (equivalent to 93.5% over the same period).

The total foreign direct investment (FDI) registered in Vietnam reached nearly USD11 billion, down over 7% from the same period, according to the Foreign Investment Department.

Through nearly 40 direct trade deals, new commercial cooperation opportunities have been opened between enterprises in Ulsan city, the Republic of Korea (RoK) and Vietnamese importers.

Celebrating the 50th anniversary of bilateral relations between Argentina and Vietnam (1973-2023), Argentina will open its first leather factory in Vietnam.

Vietnamese enterprise Vinh Thanh Dat Food has exported a batch of liquid eggs to the Republic of Korea (RoK) for the first time.

Deputy Prime Minister Le Minh Khai has just signed a decision approving the Strategy on Development of Vietnam's Rice Export Markets until 2030, which aims to develop and diversify rice export markets with a reasonable, stable, and effective scale, market and product structure.

Officials of the Mekong Delta city of Can Tho city and relevant departments and sectors had a working session with representatives from Russian businesses on May 27 to discuss investment cooperation opportunities in terms of supply chain, import-export, technical infrastructure and logistics in the locality.

The Italian Trade Agency in Vietnam announced on May 26 that it has teamed up with the Italian Ministry of Foreign Affairs and International Cooperation and the General Confederation of Italian Industry to set up the ASEAN Education and Business Programme (VELP 2023).

Deputy Prime Minister Le Minh Khai has just signed a decision approving the Strategy on Development of Vietnam's Rice Export Markets until 2030, which aims to develop and diversify rice export markets with a reasonable, stable, and effective scale, market and product structure.

Direct flights connecting Cam Ranh and Da Nang of Vietnam with Macau (China) were officially launched by Vietravel Airlines on May 25.