Trade – Investment

On May 25, the Lao Cai International Border Gate Customs Branch said that more than 2,000 tons of early-ripening fresh lychees of this year's harvest were cleared for export to China, through the Kim Thanh Road Border Gate.

According to the Korea Customs Agency, currently, Thailand, Indonesia, China, Vietnam and Japan are the 5 largest rubber suppliers to the Republic of Korea.

Vietnam has just had 47 new growing area codes and 18 export durian packing facilities approved by the General Administration of Customs of China (GACC).

From May 23 to 27, the Business Association of High Quality Vietnamese Products in collaboration with the Vietnam Trade Office in Thailand organized a 33 Vietnamese business delegation to participate in market promotion at Thaifex 2023.

The first air freight route between Vietnam – UK has been launched by TT Meridian, an international logistics and trading company of Vietnam in the United Kingdom (UK) to transport goods between Vietnam and the UK via Turkmenistan.

Investment attraction from the US to Vietnam is promising, as some large corporations are planning to expand and increase investment capital in Vietnam.

In the middle of May 2023, the ship Eternity C received 31,500 tons of cement from Nghi Son Cement Factory port for export to Stockton Port, the US.

According to statistics of the General Department of Customs, in April 2023, Vietnam exported 189,820 tons of cassava and cassava products, worth USD76.03 million.

With strengths in technology, finance and market network, Bac Ninh wants Korean investors to continue making "green" investment in the locality in areas such as energy batteries and semiconductors.

Dozens of Vietnamese food enterprises are joining Shanghai International Food Exhibition (SIAL Shanghai 2023) in China’s Shanghai city on May 18-20.

For the period of 2022-2027, Thailand and Vietnam have signed many memorandums of understanding on economic cooperation, and the two sides are also committed to increasing cross-border trade activities by land, sea and air ways; and are coordinating with the Thai Business Association (ThaiCham) to promote the increase of bilateral trade turnover to USD25 billion by 2025.

On May 17, the People's Committee of Bac Ninh province coordinated with the Korean Embassy in Vietnam to organize the "Meet Bac Ninh-Korea".

For a long time, Bac Ha district has been famous as the capital of “shan tuyet” tea in Lao Cai; in which Ban Lien commune’s tea is the pride of Bac Ha and the first 5-star product of the province to find a foothold in the US and Europe.

A conference has been recently held by the Dutch Business Association Vietnam (DBAV), Ha Nam provincial People’s Committee, and the Vietnamese Embassy in the Netherlands to call on Dutch enterprises to invest in hi-tech agriculture, supporting industry, logistics and tourism of the province.

After many efforts, Nong Khang Airport was completed and handed over to Hua Phan province (Laos). This is one of the key cooperation projects between Vietnam and Laos.

According to the Bac Giang Center for Industry Promotion and Trade Promotion under the Bac Giang Department of Industry and Trade, 201 Chinese traders have registered to enter Vietnam and come to Bac Giang to sign contracts for purchasing lychees of this locality.

The Republic of Korea (RoK) imports over 100,000 tonnes of shrimp worth between US$800 million and USS$1 billion each year and Vietnamese shrimp products always account for the highest market share at over 50%.

Vietnamese agricultural products have been introduced at Balmoral Show 2023, Northern Ireland's largest annual agri-food fair that took place from May 10-13 at Balmoral Park of Lisburn city.

VinFast, a subordinate automaker of private conglomerate Vingroup, announced the arrival of its second shipment of electric vehicles, consisting of 1,879 VF 8 vehicles, at the Port of Benicia in California.

Vietnamese EV maker VinFast will be listed in the US through its business combination with local firm Black Spade Acquisition Co (Black Spade).

The aviation giant Boeing inaugurated its new permanent office in Hanoi on May 12.

Many Vietnamese and Cuban businesses attended the forum to explore investment and cooperation opportunities in various fields, especially in agriculture and energy.

The 30th Vietnam International Medical and Pharmaceutical Exhibition (Medi-pharm Expo 2023) opened in Hanoi on May 10, attracting the participation of 350 domestic and foreign enterprises from 30 countries and territories.

On May 9, the Hai Phong Economic Zone Authority presented investment registration certificates to three new FDI projects with a total investment of nearly USD91 million.

On May 7, at Cam Pha Port (Quang Ninh province), the Cua Ong Coal Selecting Company under the Vietnam Coal and Mineral Industries Group welcomed Tan Binh 279 ship, received 23,000 tons of 5a1 lump coal for export to South Africa.

According to the Hanoi Statistics Office on April 29, the index of industrial production (IIP) in April in the capital city increased by 3.3% over the previous month and by 3.6% over the same period in 2022.

A shipment of 5 tons of Ri6 durian from Vietnam officially imported by TT Meridian Ltd (UK) was cleared on May 4 and distributed to supermarkets in the UK, according to the Vietnam Trade Office in the UK.

The capital city of Hanoi attracted over 1.7 billion USD of foreign direct investment (FDI) in the first four months of this year with 103 new projects worth 35.2 million USD and 50 projects permitted to increase investment capital by 91.8 million USD.

Vietravel Airlines, a member of Vietravel Corporation, on May 5 inked an aircraft lease agreement with Cambodia Airways, a step forward in expanding its fleet as planned for the third quarter of this year.

The Management Board of Industrial Parks in the northern province of Nam Dinh on May 5 granted an investment licence to Quanta Computer Inc. of Taiwan (China) to produce laptops and desktops on an area of nearly 226ha in My Thuan Industrial Park, My Loc district.