Trade – Investment

On April 17, Ms. Nguyen Huong Giang, Chairwoman of the Bac Ninh Provincial People's Committee, attended the investment promotion conference with Taiwanese electronic enterprises (China), involving 10 successful Taiwanese investors and 42 enterprises that are studying investment opportunities in the province.

On April 17, at Nghi Son International Port (Thanh Hoa province), VAS Group exported its first commercial steel batch under the brand name VAS to the US, which is expected to arrive at Houston Port (US) in the near future.

In the first two months of 2023, the number of fresh durians that Japan imported from Vietnam exceeded that of Thailand, according to data from Japanese Customs, said Mr. Ta Duc Minh, Vietnam Trade Counselor in Japan.

The Economist Intelligence Unit (EIU), a research and analysis division of the Economist Group of the UK, has recently announced the ranking of the global business environment for the second quarter of the year, which recognises that Vietnam has the highest ranking among the targeted economies.

The European Union (EU)’s Carbon Border Adjustment Mechanism (CBAM), which is set to take effect in 2024, will impact production and trade activities of Vietnamese manufacturers, especially in high carbon emission industries like iron and steel, aluminium and cement, as well as the whole economy, said experts.

A seminar on building smart and digitalised cities was held in Hanoi on April 14, as part of the 12th Vietnam France decentralized cooperation conference.

(CPV) - EVS and Siemens have signed a cooperation agreement on April 12th 2023 in Ho Chi Minh City for EVS to become a Siemens Solution Partner in the Electric Mobility (e-Mobility) segment. EVS will promote Siemens electric vehicle (EV) charging hardware, software and services in line with Siemens’ global portfolio offerings.

(CPV) - On April 12, the United States Mission to Vietnam, through the U.S. Agency for International Development (USAID), and the General Department of Vietnam Customs (GDVC) celebrated their joint success creating a more attractive trade and investment environment in Vietnam. At an event in Hanoi, government and business representatives joined together to mark the end of USAID’s Trade Facilitation Program and highlight joint results achieved since 2018.

The 4th Vietnam International Shrimp Industry Technology Expo (VietShrimp 2023) officialy kicked off in the Mekong Delta city of Can Tho on April 12, with the participation of 200 booths of 150 domestic and foreign seafood businesses and organisations.

According to the Vietnam Association of Seafood Exporters and Producers, Australia was the 9th largest seafood import market of Vietnam in 2018. In 2022, 4 years after the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) took effect, Australia has risen to the 6th largest single import market of Vietnamese seafood.

Ho Chi Minh City (HCMC) Export Fair 2023, the first of its kind, will be held on May 25- 28 at the Saigon Exhibition and Convention Center.

The average export price of Vietnamese rice rose to US$473 per tonne this year, the highest compared to those of other major rice exporting countries in Asia, according to the General Statistics Office (GSO).

The Vietnam Saigon Textile & Garment Industry – Fabric & Garment Accessories Expo 2023 (SaigonTex 2023) opened at Saigon Exhibition and Convention Center (SECC) in Ho Chi Minh City (HCMC) on April 5.

On April 5, Mr. Tran Quoc Van, Chairman of Hung Yen Provincial People's Committee, had a meeting with Mr. Park Han Sang, Chairman of KBI Group (the Republic of Korea).

The 32nd Vietnam International Exhibition (Vietnam Expo) opened in Hanoi on April 5, bringing together more than 500 domestic and foreign enterprises from 16 countries and territories, with 600 booths.

The Vietnam Trade Office in Australia has helped Vietnamese enterprises to sign a deal to export ten containers of ST25 rice to Vanuatu, according to the Ministry of Industry and Trade.

The Plant Protection Department under the Ministry of Agriculture and Rural Development on April 3 received the information from the General Department of Customs of China about the results of online inspection for sweet potato export enterprises.

According to a report by the Bac Ninh Provincial Department of Planning and Investment, in March, the province reported 269 newly established enterprises, an increase of 19.6% over the same period in 2022, with a total registered capital of more than VND3,144 billion, an increase of 57.7 %. The rate of online business registration applications reached 100%, ranking first in the country.

After negative growth in the first quarter of the year, the Ministry of Agriculture and Rural Development has set a target of exporting agricultural, forestry and fishery products to conquer the USD14 billion mark in the second quarter.

From the beginning of the year to March 20, Bac Ninh province attracted 55 newly registered FDI projects, an increase of 31 projects compared to the same period last year; with the amount of newly registered capital reaching USD480.6 million, an increase of USD424.1 million.

As of March 2023, Vietnam has invested in 1,625 projects abroad, with a total investment capital of nearly USD21.9 billion, the Foreign Investment Department under the Ministry of Planning and Investment has reported.

A delegation of the State Bank of Vietnam (SBV), led by its Deputy Governor Pham Tien Dung, attended the ASEAN Central Bank Governors’ Meeting, the ASEAN Finance Ministers’ and Central Bank Governors’ Meeting, and related events in Bali, Indonesia, from March 28 - 31.

To enhance its competitiveness and weather difficulties, Vietnam's shrimp industry is exerting stronger efforts and capitalising on every advantage to develop, according to insiders.

TGS Tra Vinh Green Hydrogen Company, a member of The Green Solutions Group, has started construction of Vietnam's first and largest green hydrogen factory in the Mekong Delta province of Tra Vinh’s Duyen Hai district, with total investment of 8 trillion VND (341 million USD).

Representatives from around 180 Japanese businesses and investors on April 1 attended a Tokyo workshop on Vietnamese real estate, during which many of them highly appreciated the potential of Vietnam’s property market.

Vietnam GameVerse 2023, the first of its kind for game lovers, kicked off in Ho Chi Minh City on April 1.

Minister of Industry and Trade Nguyen Hong Dien on March 31 held talks with Liu Ning, Secretary of the Party Committee of China's Guangxi Zhuang Autonomous Region, and co-chaired a conference on Vietnam - China (Guangxi) trade and economic cooperation in the new era.

The consumer price index (CPI) in Ho Chi Minh City increased by 0.04% in March 2023, according to the city Statistics Office.

The OOCL Spain with a capacity of 24,188 TEUs, one of the world’s largest container ships, docked at Cai Mep - Thi Vai deep-water port cluster in the southern province of Ba Ria – Vung Tau, on March 30.

Ho Chi Minh City has drawn 497.5 million USD of foreign direct investment (FDI) in the first three months of this year, up 22.4% year on year, according to the city’s Statistics Office.