Trade – Investment

Vietnam enjoyed a trade surplus of nearly 11 billion USD in the first 11 months of 2022, of which the agricultural sector contributed significantly with 7.82 billion USD.

Vietnam’s e-commerce revenue in 2022 maintained an increase of about 15% compared to last year, according to the Vietnam E-commerce Association (Vecom).

Construction will concurrently start on 12 component projects of the second phase of the North-South Expressway project (2021-2025) on January 1, 2023.

Japan wishes to expand cooperation with the Mekong Delta city of Can Tho in agriculture and human resources.

With an export turnover of about USD44.5 billion, Vietnam's textile and garment exports hold the third position in the world, after China and Bangladesh, according to the Vietnam National Textile and Garment Group (Vinatex).

With diverse difficulties caused by the epidemic and the world economic crisis, Vietnam's rice exports have successfully overcome difficulties and set a new record. According to the Ministry of Agriculture and Rural Development (MARD), it is expected that in 2022, rice exports will reach 7 million tons, worth nearly USD4 billion, marking an impressive result in the context of market changes and rice being a billion-dollar item of Vietnamese agricultural products.

The Vietnam Food Association has just said that Vietnam's export rice prices have risen sharply. Accordingly, the price of Vietnam's 5% broken rice is currently USD453 per ton, an increase of USD25 per ton compared to October. This is the third increase in the price of Vietnamese rice in 2022.

More than 90% of Tra fish (Pangasius hypophthalmus) available in the US market comes from Vietnam, said Vietnamese Trade Counsellor in the US Do Ngoc Hung citing statistics from the US Department of Agriculture (USDA).

The interest rate for social housing loans will be lifted to 5% per annum from the current 4.8% per annum from the beginning of next year, following a decision by the State Bank of Vietnam.

As of November 15, 2022, Vietnam’s shrimp exports to the Korean market reached nearly 422 million USD, up 33% over the same period last year.

Vietnam’s total import and export turnover has reached nearly 700 billion USD for the first time despite the difficult world economic context, according to the General Department of Customs.

(CPV) - At least 300 million USD in private investments in Vietnam is expected to be unlocked by a new partnership between IFC and the Australian Government.

An agreement on administrative cooperation in the field of customs was signed between the Vietnamese Ministry of Finance and the European Anti-Fraud Office (OLAF) in Brussels, Belgium, on December 14.

Italian news website La Città Futura has run a story highlighting the important role of Vietnam as a bridge for the strategic partnership between the European Union (EU) and the Association of Southeast Asian Nations (ASEAN,) on the occasion of Prime Minister Pham Minh Chinh’s participation in the ASEAN-EU Summit commemorating the 45th anniversary of their relations.

The Mekong Delta province of Soc Trang’s export turnover is estimated to reach more than 1.4 billion USD in 2022, a 8.61% increase from the previous year, according to a report of the provincial People’s Committee.

(CPV) - As for VBSP, the achievement of its current success is first of all, thanks to the leadership and direction of the Party, the National Assembly, the Government and the State, the great efforts and determination of all VBSP’s staff and the support of international organizations from the first days of VBSP’s establishment. In particular, the long-term and sustainable cooperation between VBSP and the Policy Research Institute (PRI) - the Ministry of Finance of Japan, the National Life Finance Corporation (current “JFC-Micro”) through the Technical Support Project for VBSP for the period 2003 - 2011.

The first batch of Dien pomelo from the northern province of Hoa Binh was exported to the United Kingdom (UK) on December 12.

Vietnam has been continuously listed among the group of 30 countries and territories with the largest import and export value on a global scale, according to the rankings compiled by the World Trade Organization (WTO).

Flight VN 593 of Vietnam Airlines departed from Hong Kong (China) to Hanoi on December 11 afternoon, marking the first regular flight between the two sides after nearly 3 years of interruption due to the COVID-19 pandemic.

A forum to discuss ways to remove difficulties facing Vietnamese investors in Laos was jointly held in Vientiane on December 9 by the Lao Ministry of Planning and Investment (MoIT) and the Vietnamese Embassy in Laos.

Prime Minister Pham Minh Chinh met with President of the Chamber of Deputies of Luxembourg Fernand Etgen on December 9 (Luxembourg time), as part of his official visit to the European country.

Chairman of the Ho Chi Minh City People’s Committee Phan Van Mai on December 9 had a working session with a delegation of ambassadors, consuls general and honorary consuls of EU member countries in Vietnam.

The pangasius festival in the pangasius capital Hong Ngu will take place from December 16 to 17, 2022 at Vo Nguyen Giap square, Hong Ngu city, Dong Thap province.

Informa Markets Vietnam Company opened the 11th international exhibition on food, beverages, bakery equipment, restaurants, hotels and service providers, Food and Hotel Vietnam 2022 (FHV 2022), in Ho Chi Minh City on December 7.

(CPV) - As a part of the International Workshop on “Pro-Poor Rural and Agricultural Finance Best Practices: Experiences of Vietnam”, recently, the senior delegation of Asia-Pacific Rural Agricultural Credit Association (APRACA) led by Dr. Prasun Kumar Das, Secretary General, had a field visit to learn about VBSP's activities. The delegation gave positive evaluations about the operation model of VBSP.

Ho Chi Minh City is a locality with strong breakthroughs in science and technology to access the world’s advanced and modern achievements, thereby creating an important premise for socio-economic development in depth, affirming its leading role in promoting the development of the southern key economic region.

The Ministry of Industry and Trade has issued Decision 2615/QD-BCT approving the list of 281 “Prestigious Export Enterprises” in 2021.

(CPV) - In recent years, the World Bank (WB) has always paid close attention to the activities of VBSP. Although there were doubts about the role of VBSP at the beginning, after a long time of witnessing the development of VBSP, the WB has had studies on the VBSP's successful operating model.

China has allowed Vietnam’s sweet potatoes and bird’s nests to be officially imported into this market, according to the Ministry of Agriculture and Rural Development.

The volume of goods handled through the seaport increased between January and November 2022 but the volume of export and import goods decreased, according to the Vietnam Maritime Administration.