Trade – Investment

A working delegation led by Vice Chairman of the Hanoi People’s Committee Nguyen Manh Quyen visited and held a working session with Belgimex, supplier of Blanc Blue Belgium (3B) bulls, known as “double-muscling” breed, in Wallonia region of Belgium on November 2.

Preliminary statistics of the General Department of Customs show that the total export and import value of Vietnam’s goods in the first half of October 2022 reached 27.75 billion USD, down 12.6% compared to the second half of September 2022.

(CPV) - Ho Chi Minh City has issued a Directive on strengthening the implementation and disbursement in 2022 and medium-term public investment plan for the 2021-2025 period.

Vietnam’s digital economy has the fastest growth rate in Southeast Asia with gross merchandise value (GMV) expected to increase by 28%, from 18 billion USD in 2021 to 23 billion USD in 2022, thanks to 26% growth in e-commerce over the same period last year.

Foreign direct investment (FDI) registered in Vietnam reached 22.46 billion USD as of October 20, down 5.4% year on year, according to the Ministry of Planning and Investment’s Foreign Investment Agency.

The total import-export turnover of agricultural, forestry and fishery products reached about 82.1 billion USD in Jan-Oct 2022, up 10.2% year on year, according to the Ministry of Agriculture and Rural Development.

The index of industrial production (IIP) in October 2022 is estimated to increase by 3% from the previous month and rise by 6.3% over the same period last year, reported the General Statistics Office (GSO).

A total of 140 tonnes of fresh durians have been exported to China through the Kim Thanh II international border gate in the northern province of Lao Cai, according to figures released by local authorities.

Foreign capital inflows fell whereas disbursed capital rose in the first 10 months of 2022, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

The consumer price index (CPI) posted year-on-year growth of 2.89% in the first 10 months of 2022 while core inflation rose 2.14%, the General Statistics Office (GSO) revealed on October 29.

Vietnam posted a trade surplus of 9.4 billion USD in the first 10 months of 2022, compared to 630 million USD in the same period last year, according the General Statistics Office (GSO).

A majority of banks expected their business results to continually improve in Q4 2022, helping them gain profit for the whole year.

The trade turnover between Vietnam and the Republic of Korea (RoK) reached 66.8 billion USD in the first nine months of this year, up 18.2% year-on-year, and the set target of 100 billion USD will be fulfilled by 2023 if the pace is maintained, heard a meeting in Hanoi on October 28.

(CPV) – The amount of remittances to Ho Chi Minh reached 4.78 billion USD, 68% of the same period last year, according to the State Bank of Vietnam’s branch in the southern city.

As a major seafood exporter in the world, Vietnam still spent more than 2 billion USD to importing this item in the first 9 months of the year.

Vietnam’s wooden products and furniture exports to the US reached 6.8 billion USD in the first 9 months of 2022, a year-on-year increase of 1.9%, according figures of the General Department of Customs.

Loc Troi Group Joint Stock Company has signed a credit contract with 7 domestic and foreign commercial banks to invest in expanding production of high quality rice to serve export orders.

On October 23, in Hanoi, the Vietnam Young Entrepreneurs Association worked with a high-ranking delegation of the Central Committee of the Cambodia Youth Union.

An exhibition providing a platform for coffee lovers to network and explore more about Vietnamese coffee will take place at the Independence Palace in HCM City on December 17-18.

The 15th National Assembly discussed in groups the 2022 socio-economic performance and the 2023 socio-economic development plan during the ongoing fourth session in Hanoi on October 22.

Singapore is a promising market where Vietnamese products see both advantages and difficulties, Cao Xuan Thang from the Vietnam Trade Office in Singapore said in an interview granted to Vietnam News Agency.

A business forum was co-organized between the northern province of Bac Ninh and Gumi city of the Republic of Korea on October 20 to intensify cooperation between the two localities as well as the two countries.

Over the past 20 years, the market stabilization program has been an activity demonstrating the spirit of innovation, creativity and tradition of gratitude of Ho Chi Minh City.

(CPV) – Vietnam’s agro-aquatic products, including tropical agricultural products, are very popular in Islamic countries, so it is necessary to strengthen information exchange between the business communities of the two sides.

The Lao Cai People’s Committee has held a ceremony to award the certificate of typical rural industrial products at the provincial level in 2022.

A delegation led by Minister of Agriculture and Rural Development Le Minh Hoan has conducted a survey on the reality of the value chain of agricultural products from production to retail in Ho Chi Minh City.

(CPV) - The capital Hanoi has just issued instructions on organizing the effective implementation of social policy credit programs from central and city capital sources, ensuring the completion of assigned targets and plans.

Vice Chairman of the Hanoi People’s Committee Nguyen Manh Quyen had a working session with Ms. Barbara Eibinger-Miedl, Regional Minister for Economy, Tourism, Europe, Science and Research of Styria state in Hanoi on October 17.

Trade turnover between Vietnam and Laos hit 1.22 billion USD in the first nine months of 2022, up 29% year-on-year.

After over five years of negotiations, the US Department of Agriculture has officially licensed the import of fresh pomelo from Vietnam, an official has said.