Trade – Investment

The Vietnam Trade Office in Indonesia has announced that Indonesia will import 2 million tons of rice for the national reserve in 2023. This is an opportunity for Vietnam to boost rice exports.

Since the beginning of the year, foreign direct investment (FDI) attraction has reached nearly 5.45 billion USD, equivalent to 61.2% of the same period last year, according to the Foreign Investment Agency.

Vietnam’s gross domestic product (GDP) grew by 3.32% in the first quarter of the year, higher only than the growth rate of 3.21% recorded in the first quarter of 2020 in the 2011 to 2023 period, and the growth neared the 13-year lowest level, according to the General Statistics Office (GSO).

(CPV) - The Australian Energy Trade Mission, including representatives of eight companies and two states arrived in Vietnam on March 27 to promote cooperation on renewable energy.

From March 14-20, 2023, the delegation of the Agricultural Sector Development Program (ASDP) - Nepal, led by Secretary of Ministry of Agriculture and Livestock Development - Govinda Prasad Sharma came to Vietnam in the exposure visit on agriculture, cooperatives and microfinance hosted by Vietnam Bank for Social Policies (VBSP).

(CPV) - Vietnam – Australia: Unlocking Opportunities in Education and Agrifood roadshow series will take place in six different cities of Vietnam including Hanoi, Hue, Da Nang in March 2023 and Ho Chi Minh City, Nha Trang and Can Tho in September.

The Vietnam Bank for Social Policies’ (VBSP) branch in Hanoi said it has disbursed 1.049 trillion VND of policy credit capital to nearly 23,800 poor households and other policy beneficiaries in the first quarter of 2023.

A seminar on Binh Dinh’s trade and investment promotion has just taken place in both face-to-face and online form at the two bridgeheads in Vietnam’s central coastal province and the Belgian capital Brussels.

The export value of Vietnamese tea to China in the first two months of this year quadrupled from the same period last year, according to the General Department of Vietnam Customs.

Automaker VinFast, a member of Vietnamese conglomerate Vingroup, officially announced the opening of its VinFast store in Rennes on March 25, marking its presence in the West of France.

Since the beginning of the year, the northern province of Bac Ninh has attracted 29 foreign-invested projects with a total registered capital of 131.56 million USD and 3 projects with 285 billion VND.

Vehicles traveling from Binh Duong to Ho Chi Minh (HCM) City and vice versa will move easier and faster when the two localities “shake hands” to invest in a connection transport project with an estimated cost of more than 5 trillion VND.

Japan’s Official Development Assistance (ODA) has greatly contributed to Vietnam’s cause of socio-economic development, poverty reduction and infrastructure building over the past 30 years, said Standing Deputy Foreign Minister Nguyen Minh Vu.

After nearly 5 years of implementation of the project, Vietnam’s clams and bamboo exports to the EU increased by 38-42% thanks to an international certificate of passport.

(CPV) - The Ho Chi Minh National Academy of Politics and the Nordic Embassies in Vietnam (Denmark, Finland, Norway and Sweden) co-organized a seminar on March 23 in Hanoi to share their experiences on green solutions for circular economy and waste management, and policy implications for Vietnam.

(CPV) - With 22 policy credit programs currently serving the needs of the poor and other policy beneficiaries, over the past 20 years, the Vietnam Bank for Social Policies (VBSP) has become a solid fulcrum for poor women to become self-sufficient and solve two major problems in gender inequality, being job creation and economic development.

The credit package was announced by Mr. Nguyen Duc Lenh, Deputy Director of the State Bank of Vietnam, Ho Chi Minh City branch, on March 21.

Chairman of the Ho Chi Minh City People’s Committee Phan Van Mai has just signed a decision to establish two management boards in the key urban areas of Thu Thiem and the Northwest on the basis of merging centers and reorganizing existing management boards, according to the Portal of the city People’s Committee.

Vietnamese Ambassador to the Netherlands Pham Viet Anh recently paid a working visit to the eastern city of Oss at the invitation of its Mayor Wobine Buijs-Claudemans.

The Doosan Enerbility Vietnam (Doosan Vina), which specialises in heavy industries, has just exported the first batch of 11 modules weighing 1,200 tonnes to Singapore.

The Ministry of Agriculture and Rural Development has announced that the country's total export value of dragon fruit so far this year topped 47 million USD, a fall of 48.7% compared to the same period last year.

Minister of Planning and Investment Nguyen Chi Dung has voiced his hope that US enterprises will become the biggest investor in Vietnam to seize every cooperation opportunity in the countries’ development process on the basis of equality, mutual respect, and mutual benefits.

The first batch of 20 tonnes of fresh sugarcane from Hoa Binh bound for the US was announced at a ceremony held in the northern mountainous province on March 19.

Representatives of more than 50 US companies will visit Vietnam from March 21-22 to discuss investment and business opportunities under an annual programme hosted by the US-ASEAN Business Council.

China is currently the largest consumption market for bird's nests in the world, so the official import of Vietnamese bird's nest is expected to increase the export turnover of this item in the near future, according to the Ministry of Agriculture and Rural Development.

The District 6 People’s Committee has just proposed to the Ho Chi Minh City People’s Committee to approve the investment policy of the Chợ Lớn Night Street project. If approved, the night street will operate 18 hours a day.

The Ministry of Agriculture and Rural Development (MARD) held a workshop in the Mekong Delta city of Can Tho on March 17 to collect feedback on a scheme on sustainably developing 1 million ha of high-quality rice in tandem with green growth in the Mekong Delta.

The third Vietnam Connect Forum 2023, themed “Breakthroughs for central Vietnam, green and digital transition in sustainable economic growth strategies”, was held in the central city of Da Nang on March 17.

(CPV) – Vietnamese businesses have attended Horeca Fair, an important event for the restaurant - hotel - coffee industry, just taking place at the Kuwait International Exhibition Center.

Authorities of the Central Highlands province of Dak Lak and the Ministry of Industry and Trade (MoIT) held an international trade conference on March 11, as part of the ongoing eighth Buon Ma Thuot coffee festival.