Trade – Investment

Vietnam has become the third largest supplier of coffee to the US over the first eight months of 2022, reported the General Department of Customs.

Bilateral trade between the nation and the United States is anticipated to exceed the US$100 billion mark during the past 10 months of the year, according to the latest data released by the General Department of Vietnam Customs.

Coca-Cola Beverages Vietnam Co., Ltd started construction of its largest factory in Vietnam in Phu An Thanh Industrial Park in the Mekong Delta province of Long An on October 14.

Vietnam is one of the most successful economies globally, made evident by the strong recovery of its textile-garment, electronics, fisheries and agriculture sectors post-COVID-19, according to Baron de Grand Ry, Honorary Consul of Vietnam in Belgium.

From the beginning of 2022 until now, the province has attracted 85 newly registered FDI projects with a capital of 169.5 million USD.

Potential for cooperation between Vietnam and Germany remains huge with new opportunities, as Germany is currently an economic locomotive of the European Union (EU), and also Vietnam’s largest trading partner in the region, according to Ambassador Vu Quang Minh.

Lettuce cultivated in the Central Highlands province of Lam Dong’s Da Lat city has been exported to Singapore and the Republic of Korea (RoK), according to the municipal People’s Committee.

By the end of September 2022, credit in Ho Chi Minh City is estimated to increase by 12% compared to the end of 2021, and recorded sharp increase compared to the same period of the previous 3 years, at 4.97% (in 2021), 4.99% (in 2020) and 10.2% (in 2019), said Nguyen Duc Lenh, Deputy Director of the State Bank of Vietnam’s branch in the city.

The Mekong Delta city of Can Tho expects to export the first batch of durians to China next year.

Trade revenue between Vietnam and Australia approximated 11 billion USD in the first eight months of 2022, up 37.44% from a year earlier, statistics show.

(CPV) – Industrial zones (IZs) in Bac Ninh had 25 new projects put into operation in the first 9 months of 2022, bringing the total number of onging projects to 1,175, exceeding the year’s target, according to the provincial IZs Management Board.

(CPV) - The 5th international exhibition on mining industry, mineral resource restoration, and construction (Mining Vietnam 2022) is being held at Hanoi International Exhibition Center from October 4 to 6, 2022.

The General Department of Vietnam Customs announced on October 4 that its state budget revenue surpassed 328.83 trillion VND (13.77 billion USD) in the first nine months of 2022, up 14.7% year-on-year.

Vietnam has a “golden chance” to attract a new wave of foreign investment, especially to economic zones (EZs) and industrial parks (IPs), according to Deputy Minister of Planning and Investment Tran Quoc Phuong.

Chairwoman of the Bac Ninh Provincial People's Committee Nguyen Huong Giang on September 29 received Mr. Oshita Hajime, Chairman of Japan’s JFE Engineering Corporation, which is the investor of high-tech domestic solid waste treatment plant for energy generation in Thuan Thanh district.

The Consumer Price Index (CPI) in September 2022 increased by 0.4% from the previous month, according to the General Statistics Office (GSO).

Vietnam’s gross domestic product (GDP) grew by 13.67% in the third quarter, according to the General Statistics Office.

Hanoi’s consumer price index (CPI) in September 2022 increased by 0.54% from the previous month and rose by 4.47% over the same period last year. The average price index in the first 9 months of the year soared by 3.49% compared to the average of the same period last year.

The Bac Ninh provincial People’s Committee has just announced 2 garlic growing projects, valued at more than 128 billion VND, in An Tru village, An Thinh commune, Luong Tai district.

The Ho Chi Minh City Export Processing and Industrial Zones Authority (Hepza) has continuously cut the time to handle administrative procedures to accompany businesses, especially as the COVID-19 epidemic occurred in Ho Chi Minh and the whole country.

The Vietnam Inland Waterway Administration has just proposed a model waterway container transport route from ICD Tan Cang - Que Vo in Bac Ninh province to Hai Phong seaport area in order to meet the demand for container transport on the route from Hai Phong seaport to Bac Ninh and neighboring provinces.

Along with policies to remove difficulties for socio-economic resumption and development in the first 9 months of 2022, the northern province of Bac Ninh has focused on implementing many synchronous solutions and effectively implementing key tasks to bring the province's economy and society to achieve many outstanding results.

A collection of of poems by Truong Hoa Binh, a former member of the Political Bureau and former permanent Deputy Prime Minister, has been introduced to the Vietnamese community in Australia.

The northern province of Bac Ninh has ranked 8th in the 2022 e-Business Index (EBI) recently announced by the Vietnam E-commerce Association.

An exhibition week to introduce more Vietnamese goods to AEON supermarket chain has been held in Ho Chi Minh City.

The International Exhibition on Environment and Energy Tech Hanoi (ENTECH HANOI 2022), themed “Energy Transformation - Sustainable Environment”, will be held from October 26 to 28, according to the Ministry of Industry and Trade.

Algeria is committed to developing economic cooperation and trade with Vietnam by establishing a strategic partnership mechanism capable of fully exploiting the economic potential of the two countries on the ground of mutual benefit, acting director general of the National Agency for the Promotion of Foreign Trade (ALGEX) Abdelatif El Houari has said.

The national flag carrier Vietnam Airlines has been ranked 48th in the World's Top 100 Airlines in 2022 announced at the World Airline Awards by Skytrax.

Vietnam is ranked 63rd out of 113 global economies in a global ranking of digital environment and support systems for entrepreneurs, a new index developed by the Asian Development Bank (ADB).

Total fishery output in the first nine months of this year is estimated at 6.75 million tonnes, up 2.7% from the same period last year, according to the Ministry of Agriculture and Rural Development.