Trade – Investment

(CPV) – The Ho Chi Minh (HCM) City Tax Department has just issued Notice 1465/TB-CTTPHCM on reducing land and water surface rents for those affected by the COVID-19 epidemic.

The Ministry of Industry and Trade has decided to impose official anti-dumping duties on certain table and chair products from China.

The Kep railway station in the northern province of Bac Giang launched its international freight transportation services at a ceremony on February 18.

Despite the high cooperation potential, trade between Vietnam and Yunnan province of China has remained modest at only 3.2 billion USD in 2022, a very small amount of the 175.6 billion USD in trade between Vietnam and China in the year, according to Vu Ba Phu, Director of the Trade Promotion Agency under the Ministry of Industry and Trade (MoIT).

TMT Automobile Joint Stock Company (TMT Motors) on February 18 announced that it has signed a strategic cooperation agreement with the joint venture of General Motors (GM) and SAIC - WULING on the manufacturing, assembling and exclusively distributing of electric vehicles of GM and SAIC - WULING in Vietnam.

Prime Minister Pham Minh Chinh on February 17 urged stakeholders in the real estate market, including the State, businesses, buyers and people, to join efforts for the safe, heathy and sustainable development of the market.

Businesses in transit have proposed many contents to facilitate transportation of goods.

Ho Chi Minh (HCM) City has just approved the Data Governance Strategy to 2025, with a vision to 2030, to unlock the potential of data to better serve the operations of city government agencies, provide friendly and more effectively services for the people, towards a comprehensive and sustainable digital economy development.

Vietnam’s agricultural export turnover is expected to reach 4 billion USD in 2023, of which durian exports will hit at least 1 billion USD, according to Dang Phuc Nguyen, General Secretary of the Vietnam Fruit and Vegetable Association.

Lao Cai has completed the transport of 7.5 tons of salted cowpeas to Hai Phong port for export to the Japanese market for the first time, said Mr. Luu Hoang Dieu, Chairman of the People's Committee of Gia Phu commune, Bao Thang district (Lao Cai).

The central province of Quang Tri shipped its first batch of 15 tonnes of organic rice to the European Union (EU) on February 13, at a price of 1,800 USD per tonne.

Prime Minister Pham Minh Chinh held a roundtable discussion with Brunei energy and oil and gas enterprises in Bandar Seri Begawan capital on February 11, as part of his ongoing visit to Brunei.

Vietnam’s rice exports are predicted to reach just 6 million tonnes this year, lower than last year's figure due to limited supply and inventories, said businesses.

Foreign direct investment (FDI) capital in Ho Chi Minh City recorded a positive number in early 2023. This year, the southern city expects to attract 7.4 billion USD of FDI, a nearly two-fold increase compared to 2022.

Vietnam’s exports to the American region reached 8.21 billion USD while imports were valued at 1.64 billion USD in January 2023, according to statistics of the Ministry of Industry and Trade.

The Ho Chi Minh City Power Corporation (EVNHCMC) was ranked 47 among 94 power companies in the world in smart grid construction and 2nd in Southeast Asia by Singapore’s SP Group.

Vietnam exported 400,000 tons of rice in January 2023, valued at 203 million USD, down 20.9% in volume and 17.4% in value from the same period last year, according to the Ministry of Agriculture and Rural Development.

In 2022, Vietnam is the third largest seafood supplier to the Republic of Korea (RoK). The country’s seafood market share in Korea's total imports was stable at 10.2%.

As many as 3,943 business establishments are set to roll out e-invoices generated from cash registers by March 2023, including 1,850 businesses and 2,093 business households.

Statistics during the Lunar New Year 2023 showed that Ho Chi Minh City’s total retail sales is approximately 57 trillion VND, recording the highest level in the past 5 years, according to Mr. Nguyen Nguyen Phuong, Deputy Director of the City Department of Industry and Trade.

Vietnamese businesses which want to export medicinal herbs to China must submit information about growing areas and packaging establishments to the provincial Departments of Agriculture and Rural Development.

In 2023, Ho Chi Minh (HCM) City’s agricultural sector will focus on developing high-tech and biotechnology-applied agriculture to produce high-quality and high-yield plant seeds and breeds, making the southern hub a center for plant varieties and seeds of the region.

As of January 20, total FDI capital in Vietnam reached 1.69 billion USD, down 19.8% compared to the same period last year, according to the General Statistics Office (GSO).

The Consumer Price Index (CPI) in January 2023 rose by 0.52% against December 2022 and increased by 4.89% over the same period last year, according to the General Statistics Office (GSO).

Realized investment capital from the state budget in January 2023 was estimated at 27 trillion VND, equaling 4% of the year plan and up 3.2% over the same period last year, according to the General Statistics Office (GSO).

Surpassing industrial hubs such as Binh Duong, Dong Nai and Bac Ninh, Thai Nguyen is the only Vietnamese locality that produced a trade surplus of more than US$10 billion in 2022.

Export and import via Bac Luan 2 Bridge and pontoon bridge Km3 4 Hai Yen of the Mong Cai International Border Gate in northern Quang Ninh province resumed on January 28 morning after a week-long Lunar New Year (Tet) holiday.

Vietnam remains one of the 10 countries receiving the most remittances in the world, according to the recent Migration and Development Brief by the World Bank and the Global Knowledge Partnership on Migration and Development (KNOMAD).

The Cuu Long (Mekong) Delta’s 12 provinces and the city of Can Tho are developing more products under the country’s “One Commune-One Product” programme.

Prime Minister Pham Minh Chinh expressed his hope that the baking sector will be more proactive, creative and responsive to policies in 2023 at a meeting on January 27 or the sixth day of the Lunar New Year.