Trade – Investment

The conference on trade, investment and tourism promotion between Ho Chi Minh City (HCMC) and Vinh Long province was officially opened in Vinh Long province on November 16 to introduce the images and investment environment of each locality as well as step-by-step promote the connection programs leading to sustainable economic development on the foundation of improving efficiency in trade, investment and tourism promotion activities.

Within the framework of New Zealand Prime Minister Jacinda Ardern’s official visit to Vietnam, Vietnam and New Zealand have signed an agreement to open export markets for lemons and pomelos from Vietnam, said the Plant Protection Department under the Ministry of Agriculture and Rural Development.

On November 16, Minister of Agriculture and Rural Development Le Minh Hoan signed the Protocol to officially export bird’s nest products to China.

Aiming to contribute to reducing poverty, building new-style rural areas and ensuring social security, the Vietnam Bank for Social Policies’ branch in Tien Giang has effectively implemented policy credit activities.

The Ministry of Planning and Investment and the Aus4Reform Program Coordinating Committee, in collaboration with the Australian Embassy in Hanoi, has co-hosted the final workshop of the program "Australia supports economic reform in Vietnam (Aus4Reform): Outcomes, lessons learnt and future directions”.

The HCM City Investment and Trade Promotion Center (ITPC) has coordinated with the Vietnam Trade Office in Osaka to hold a conference to connect trade between businesses of the two cities.

Goods and services in Vietnam Grand Sale 2022, lasting from November 15 to December 22, will be offered with discounts of up to 100% instead of 50% depending on the choice and conditions of businesses.

Lite On Vietnam Co., Ltd (Taiwan, China) on November 14 inaugurated the second phase of the factory producing optical, electronic, and connection equipment at VSIP Hai Phong Industrial Park.

The Ministry of Industry and Trade has kicked off the “Pride of Vietnamese goods - Quintessence of Vietnamese goods” week in the spirit of building an ecosystem of business communities that produce and trade Vietnamese goods.

The General Department of Customs China (GACC) has signed a protocol allowing the official import of sweet potatoes and salangane nests from Vietnam into the neighbouring country.

The “Meet Korea 2022” festival was held in the southern province of Binh Duong on November 11 as part of activities to celebrate the 30th anniversary of diplomatic relations between Vietnam and the Republic of Korea (RoK).

Deputy Prime Minister Le Minh Khai hosted a reception for a Swiss business delegation led by Andreas Gerber, head of Small- and Medium-sized Enterprise (SME) Business Switzerland, in Hanoi on November 11.

(CPV) – Some 900 businesses from 27 countries inside and outside Southeast Asia attended the SIAL InterFood 2022 from November 9 to 12 at the Jiexpo Kemayoran Expo Center, Indonesia.

Germany’s die Welt newspaper has run an article hailing policies that Vietnam has applied over the years, describing them as the reason making the Southeast Asian country a dynamic and attractive destination for foreign investors.

(CPV) - The Asian Development Bank (ADB) and Vietnam Prosperity Joint Stock Commercial Bank (VPB) signed a loan package of up to USD500 million on November 11th 2022 in Ha Noi to expand access to finance for women-owned small and medium-sized enterprises (WSMEs) and social loan projects in Viet Nam.

The Ben Tre provincial People’s Committee, in collaboration with the Plant Protection Department and Chanh Thu Fruit Import-Export Group Joint Stock Company, has announced the plan to export the first batch of green-skinned pomelo to the US market.

(CPV) - Aiming to stabilize the market and promote the exploitation of Vietnamese fruit and agricultural products with guranteed quality, clear origin for consumption at the local distribution sytem, Hanoi has carried out many activities to boost regional linkage, promote and connect the supply and demand of goods with other provinces and cities.

(CPV) - The Party and State of Vietnam have always consistently advocated "not criminalising civil and economic relations", and have always supported and encouraged enterprises to generate their revenues and profits in an ethical manner. This principle has many notable implications, contributing to stabilising market sentiments and promoting sustainable business development.

Hanoi ranks among the most-searched-for destinations by international tourists, according to the Vietnam National Administration of Tourism (VNAT).

A delegation of the Vietnam Oil and Gas Group (Petrovietnam) led by Chairman of Members' Council Hoang Quoc Vuong had a working session on November 7 with representatives from relevant agencies of Algeria to speed up the implementation of the second phase of a tripartite joint venture project at the Bir Seba field in the African country.

After 6 years of receiving funds, the total loan turnover from the Poverty Reduction Loan Program at the Ho Chi Minh City Bank for Social Policies reached 2,937 billion VND, with 98,650 poor households, near-poor households, and new households escaping the near-poor household standard.

Vietnamese businesses are increasingly interested in the South African market and want to explore investment opportunities to take advantage of the free trade agreements that South Africa has signed with major markets, including the US and Europe as well as the African market, Vietnamese Ambassador to South Africa Hoang Van Loi has said.

Given current regional and international situation, Regional Comprehensive Economic Partnership (RCEP) member economies should continue to strengthen trust and cooperation, and fully and effectively implement agreements and commitments, Deputy Prime Minister Le Van Thanh said in a pre-recorded speech at the High-level Forum entitled “RCEP Spurs Higher-level Opening up” on November 5.

Difficulties for Vietnam's rubber export remain in the fourth quarter as the US dollar has entered a bullish cycle as a haven against inflation, said the Ministry of Industry and Trade’s Department of Import-Export Management.

A Vietnamese business delegation made a trip to Israel on November 3-4 during which they attended a Vietnam-Israel conference on production and trade cooperation in Tel Aviv.

Thai Binh Seed Corporation’s TBR39 fragrant rice has won the first prize in Vietnam's best rice contest 2022 and will represent the country’s at the 2022 World's Best Rice competition.

The Vietnamese Embassy in Saudi Arabia has stepped up trade promotion activities, popularising the country's products in many of the host localities, Ambassador Dang Xuan Dung told the Vietnam News Agency in an interview.

The Ho Chi Minh City People’s Committee has summarized 20 years of implementing preferential credit policies for poor households and other policy beneficiaries in the city, according to Decree 78 of the Government.

The Ho Chi Minh City Investment and Trade Promotion Center (ITPC) in collaboration with Halal Vietnam Center, Dunlopillo Vietnam Company has held a conference on “Standards of Islamic market for household goods”.

Vietnam and Thailand boast substantial potential for cooperation in farm produce, particularly fresh vegetables and fruits, heard a forum held in Bangkok on November 2.