Trade – Investment

Noi Bai international airport has said it greeted nearly 400,000 passengers during the first five days of the Lunar New Year (Tet) holiday, from January 22 to 26.

Six Vietnamese businesses took part in January Furniture Show 2023, Britain’s largest annual furniture show, in Birmingham from January 22-25.

Commitments outlined in the EU-Vietnam Free Trade Agreement (EVFTA) on both trade and investment are expected to contribute to attracting European businesses and investors to expand their activities in Vietnam, further promoting trade and investment cooperation.

The Central Institute for Economic Management (CIEM) has developed two scenarios for the Vietnamese economy in 2023 after an 8% growth rate was recorded in 2022.

Last year witnessed Binh Duong province attract more domestic investment than foreign direct investment (FDI), indicating a positive sign regarding the southern locality's investment environment.

Despite enduring the long-term impact of the COVID-19 pandemic, Vietnam still managed to attract a large amount of foreign direct investment (FDI) in 2022, with the outlook forecast to be optimistic moving into 2023.

Developing the country's mechanical industry sector is a top priority for Vietnam in the coming decades, said industry insiders and experts.

The People’s Committee of Da Nang city has submitted a plan for a duty-free zone.

In 2023, rice exports are forecasted to have many breakthrough opportunities, thanks to the high price foundation of 2022 and China’s border reopening.

Seaports nationwide are still working through Lunar New Year (Tet) break to ensure that import-export activities are not disrupted, according to the Vietnam Maritime Administration (VMA).

Vietnam’s export of agro-forestry-aquatic products hit a record revenue of over 53.22 billion USD last year, up 9.3%, including nearly 11 billion USD from aquatic products.

2022 continues to be a successful year in the export of agricultural, forestry and fishery products, although the agricultural sector must face many challenges such as high prices of raw materials; the market being affected by the Russia - Ukraine conflict and the production protection policies of some countries; and stricter import requirements.

The trade turnover between Vietnam and the European Union (EU) reached 76.3 billion USD last year, a year-on-year increase of 5.1%, according to the European-American Market Department under the Ministry of Industry and Trade (MoIT).

Vietnam is always a very good business partner of Hong Kong (China), and the two sides have maintained effective trade and investment ties over the past years, according to Hong Kong’s Secretary for Commerce and Economic Development Algernon Yau.

The Vietnam Trade Office in France has coordinated with importer and retail group Carrefour to organize the Vietnam Lunar New Year (Tet) goods week in 2023.

The AeroExpo Hanoi & Vietnam Aviation Forum 2023 is scheduled to have 120 booths by businesses from 15 countries, displaying products and technologies for the aviation sector.

The confidence of European enterprises in Vietnam’s economy declined for a second quarter but the S-shaped country still remains in the top five global investment destinations for their companies, the latest Business Climate Index (BCI) published by the European Chamber of Commerce in Vietnam (EuroCham) showed last week.

Two-way trade between Vietnam and Australia enjoyed a record year-on-year growth of 26.91% to 15.7 billion USD in 2022, according to the Vietnam Trade Office in Australia.

Two-way trade with Taiwan (China) set a new record in 2022, with a total two-way import and export turnover of nearly USD28 billion, statistics from the Import-Export Department under the Ministry of Industry and Trade revealed.

As many as 18 tons of pickled radishes of Ha Giang province have been officially exported to the Japanese market for the first time.

Vietnam has emerged as a dynamic economy and a development hub for innovative startups in the region.

France's Carrefour Group and the Vietnamese Embassy in the European country on January 13 launched the Vietnamese booths at all supermarkets run by the French retailer, on the occasion of the Vietnamese traditional New Year (Tet).

The northern city of Hai Phong has held a meeting to praise international businesses and organizations for their contributions to the city’s development.

A daily average of about 300 trucks of import and export goods passed through Lao Cai border gate in the first 10 days of 2023; in which there are more than 100 cars carrying cargo for export.

A business delegation of Hong Kong (China) will visit Hanoi and Ho Chi Minh City from January 8-14 to seek economic and investment cooperation opportunities between Vietnam and Hong Kong (China) and Greater Bay Area in particular, and China in general.

The Mekong Delta province of Kien Giang aims to secure investment in six projects covering a total of 69ha, with a registered investment capital of approximately 4.3 trillion VND (182.2 million USD) in 2023.

The Civil Aviation Authority of Vietnam (CAAV) has proposed the Ministry of Transport allow air carriers to increase the size of their fleets in order to meet domestic demand and utilise opportunities generated by the recovering international market.

More than 549 million USD worth of new and additional investment was poured into export processing and industrial zones of Ho Chi Minh City in 2022, about 9.8% higher than the target, statistics showed.

The Bac Ninh provincial People’s Committee has just approved 5 groups of products: poultry eggs, pork, poultry meat, processed foods, and jams and confectionary of all kinds to be price stabilized on the occasion of the Lunar New Year of the Rabbit in 2023 with funding of 60 billion VND, advanced from the provincial budget.

A ceremony was held by the Cao Phong district People’s Committee on January 5, in the northern mountainous province of Hoa Binh, to announce the first shipment of Cao Phong oranges to the UK.