Trade – Investment

Trade between Vietnam and the Republic of Korea (RoK) has witnessed a strong growth over the past time, with tremendous room noticed for future development of the ties. President Nguyen Xuan Phuc's ongoing visit to the East Asian nation from December 4-6 is expected to open a new phase in countries’ relations, bringing bilateral cooperation to a new height.

Vietnam is working towards the target of exporting 7 million tonnes of rice this year.

A ceremony to launch Online Friday 2022 and open the second Concentrated Promotion Month of this year called “Shopping Season” was held in Ho Chi Minh City on December 1 evening.

Agro-forestry-fishery exports stood at about 49.04 billion USD in the first 11 months of 2022, higher than last year’s record of 48.6 billion USD, the Ministry of Agriculture and Rural Development (MARD) said.

The Ministry of Agriculture and Rural Development on December 30 announced that the agricultural sector has achieved all goals set for this year, including a growth rate of 3.36%, a record for many recent years.

In the first nine months of 2022, Vietnam was the third largest seafood supplier for the US in terms of volume and the 5th largest in value, data from the US National Marine Fisheries Service showed.

The Ninh Binh Department of Agriculture and Rural Development in collaboration with the Directorate of Fisheries, Kim Son District People’s Committee, has announced ASC certification for the clam farming area in Kim Son district.

Investment capital realized from the state budget is estimated to meet 74.9% of the plan between January and November 2022, up 19.9% ​​over the same period last year, according to General Statistics Office (GSO).

Vietnam’s total import and export turnover between Jan and Nov 2022 reached 673 billion USD, of which exports were valued at 342.21 billion USD, up 13.4%, according to figures by the General Statistics Office (GSO).

Vietnam’s first officially exported batch of passion fruit has completed customs clearance procedures and entered the Chinese market at at Huu Nghi Border Gate in Pingxiang city, Guangxi Zhuang Autonomous Region.

(CPV) – Australian Embassy Chargé d’Affairs, Mark Tattersall announced six private sector partnership projects under the Australian Department of Foreign Affairs and Trade’s (DFAT’s) Business Partnerships Platform (BPP) in Hanoi, on November 29.

The northern province of Bac Ninh strives to have 40 craft products evaluated and ranked by the OCOP (One Commune One Product) program annually.

(CPV) - Besides electric cars and conventional electric motorbikes, a startup in Vietnam has launched the first and most optimal electric mobility ecosystem for transport in Southeast Asia.

Vietnam and Laos expect to achieve 2 billion USD in two-way trade in the near future, given that the figure surged 28.2% annually to 1.4 billion USD in ten months of this year, heard a forum held in Vientiane on November 25.

The Ministry of Agriculture and Rural Development on November 24 announced the completion of opening doors to the Japanese market for Vietnamese longan, the Chinese market for sweet potatoes and the New Zealand market for lemons and grapefruits.

After more than 18 years of implementing the policy of developing high-tech agriculture, many brands of agricultural products in the Central Highlands province of Lam Dong are now present in the world market, contributing to a strong breakthrough in socio-economic development.

By the end of November of 2022, the Ministry of Transport disbursed 34.9 trillion VND, reaching 63.4% of the supplemented plan and 69.4% of the assigned plan.

The Tan Lac district People’s Committee and the Hoa Binh Department of Agriculture and Rural Development exported the first lot of 5,400 Tan Lac red-flesh grapefruits to the UK on November 24.

After 20 years (2002-2022) implementing Decree 78/2002/ND-CP dated October 4, 2002 of the Government on credit for the poor and other policy beneficiaries, social policy credit capital in Ho Chi Minh City has accompanied and supported many policy beneficiaries.

(CPV) - The British Embassy in Vietnam, the Vietnam Electricity Group (EVN) and National Power Transmission (EVNNPT), organized a series of seminars titled “UK Experience Sharing in Operation and Management of the National Electricity Networks” from November 22 to 24.

The Lao Cai provincial People’s Committee and Ministry of Industry and Trade’s Trade Promotion Department has coordinated to organize an international conference on export, direct and online trade with Yunnan province (China).

Export and import turnover of goods between Vietnam and the European Union (EU) reached 52.5 billion USD in the first 10 months of 2022, up 14% year on year; in which exports were valued at 39.7 billion USD, up 23.5%, according to the Ministry of Industry and Trade.

Export value of vegetables and fruit to China reached 151.7 million USD in October 2022, up 44.2% from the same period last year, according to statistics from the General Department of Customs.

Vietnam’s garment and textile products have been exported to 66 countries and territories, in which prominent markets include the European Union, the United States and the Republic of Korea, according to a report by the Vietnam Textile and Apparel Association.

By the end of October 2022, Vietnam-Germany bilateral trade turnover totalled nearly 10.6 billion USD, up 17.6% over the same period last year. In which, Vietnam’s exports to Germany reached more than 7.6 billion USD, up 30.5%, according to the Ministry of Industry and Trade.

With ten-month positive results, Vietnam’s major currency earners like aquatic products, rice, coffee, footwear and handbags are very likely to exceed their export revenue targets set early this year.

The 11th Conference on Connecting Supply and Demand between Ho Chi Minh City and other provinces and cities in 2022 opened at Phu Tho Gymnasium (District 10, Ho Chi Minh City), on November 17, attracting 500 exhibitors and over 1,000 businesses from 42 provinces and cities nationwide.

(CPV) - The Australian Government is providing 50 million USD (80 million AUD) to VinFast to support electric vehicle (EV) uptake in Vietnam and support Vietnam’s energy transition.

The Vietnam-US Trade Forum 2022, themed “Change-Challenge-Adaptation”, opened in Ho Chi Minh City, on November 17.

The Vietnam International Food Industry Exhibition (Vietnam Foodexpo), opened in Ho Chi Minh City on November 16, attracting nearly 400 businesses from Vietnam and 20 other countries and territories worldwide.