Trade – Investment

Deputy Prime Minister Tran Hong Ha hosted a reception in Hanoi on May 5 for Wang Chuanfu, Chairman of China’s BYD Co. Ltd., which holds high competitive edge in the field of new technology.

As of April 2023, Vietnamese enterprises had 1,643 valid overseas investment projects, with a total investment capital of more than USD21.93 billion.

Mexico is a market with a large population and strong consumption, where businesses can take advantage of tax incentives to promote exports of pangasius, tra fish, tuna, rice, and textiles.

The business sector, including FDI enterprises and domestic enterprises, has invested about USD9 billion in fields related to green growth and green development.

A forum on opportunities for Vietnamese handicraft products has taken place as part of the MIDA – Florence International Crafts Fair 2023, which runs in Italy from April 25 to May 1.

Vietjet will increase the frequency of flights between Ho Chi Minh City and Melbourne and Sydney (Australia) to respond to the big demand for visiting relatives, traveling and studying abroad of people and tourists.

Vietnam is determined to pursue rapid and sustainable economic growth combined with environmental protection to progress to prosperity. To reach that goal, green growth is the inevitable choice.

Vietnam produced a trade surplus of US$6.35 billion in the first four months of the year, announced the General Statistics Office (GSO) on April 29.

Vietnam is the third largest mango supplier for the Republic of Korea (RoK) in the world, but the imports from Vietnam only account for 5.8% of the Asian country’s total, the Import - Export Department under the Ministry of Industry and Trade has reported.

Traditional handicrafts, typical food dishes, and special musical performances have attracted a large number of visitors to the zone of Vietnam at the ongoing Foire de Paris (Paris Fair) 2023 in the capital of France.

More than 1,000 agricultural and specialty products from over 20 provinces and cities across the country are being exhibited at Gigamall in HCM City’s Thu Duc city as part of the Regional Agricultural and Specialty Product Festival.

A workshop themed “The past, present and future of international business relations: A case of Vietnam - the UK” was hosted by the Vietnamese Embassy in the UK in collaboration with London South Bank University (LSBU), on April 27.

The consumer price index (CPI) in April decreased by 0.34% month-on-month, but increased by 2.81% year-on-year, according to the General Statistics Office (GSO).

Ho Chi Minh City has attracted 979.65 million USD of foreign direct investment (FDI) so far this year, down 23.45% year on year, according to the municipal People’s Committee.

Hong Kong Express Airways (HK Express) on April 28 launched a direct air route linking Hong Kong (China) with Vietnam via Hanoi’s Noi Bai International Airport.

Since September 2022, 4 delegations with hundreds of Taiwanese businesses (China) have come to Hai Phong City to seek investment opportunities.

Six Vietnamese businesses displayed their food and beverage products at the Food & Drink Expo 2023 at the National Exhibition Centre (NEC) in Birmingham city on April 24 – 26 under the support of the Vietnam Trade Office in the UK and the EUTEK Group.

In the first quarter, Vietnam's rice export turnover reached more than 1.85 million tons with a value of USD981 million, up 23.4% in volume and 34% in turnover over the same period in 2022.

P&G Group will invest another USD100 million to expand the production line in Ben Cat district, Binh Duong province.

According to the Foreign Investment Agency, 750 new projects have been granted investment registration certificates, with a total registered capital of more than USD4.1 billion USD, an increase of 65.2% in the number of projects and an increase of 11.1% in capital amount compared to the same period last year.

The Nam Dinh Provincial People's Committee has just signed an agreement to develop a computer manufacturing project with Quanta Group in My Thuan Industrial Park, My Loc district.

More than 30 enterprises from southwest China's Chongqing city invested in 21 manufacturing projects worth over 569 million USD in Vietnam by the end of 2022, Trieu Thuy Nga, head of the Vietnam trade promotion office in the Chinese city reported.

Three firms from the Republic of Korea (RoK), Germany, and Japan are planning to inject US$3.7 billion into investment projects in Vietnam, revealed Investment Minister Nguyen Chi Dung during a meeting between the Prime Minister and foreign businesses in Hanoi on April 22.

Vietnamese overseas remittances to Ho Chi Minh City reached more than US$2.1 billion in the first quarter this year, up 19.41% year on year, amid economic difficulty, Tuoi Tre (Youth) newspaper reported.

A series of exchanges and events to boost linkages and collaboration between Vietnamese and German rubber producers have been held in Germany from April 20-27.

The People’s Committee of Nam Dinh province and Quanta Computer Inc. of Taiwan (China) signed on April 21 an agreement to develop a large-scale computer production project at My Thuan Industrial Park in My Loc district.

Vietnam's Government always creates favourable conditions for Vietnam and Czech businesses to strengthen cooperation in trade and investment.

In the first quarter of 2023, the total fishery production in Bac Ninh province was estimated at nearly 11,000 tons, reaching 26.7% of the plan and increasing by 0.3% over the same period in 2022, the Provincial Department of Agriculture and Rural Development has reported.

The Mekong Delta province of Vinh Long on April 19 held a ceremony to officially export the first batch of sweet potatoes to China.

The Hai Phong Economic Zone Authority (HEZA) on April 19 held a working session with the Taiwan Electrical and Electronic Manufacturers' Association (TEEMA).