Trade – Investment

Vietnam’s export revenue in 2022 is expected to reach about 368 billion USD, a year-on-year rise of 9.46%, according to a report by the Ministry of Industry and Trade (MoIT).

The market for plant-based foods is surging globally after the pandemic, presenting an opportunity for Vietnamese vegetarian food exporters, of which the UK is a promising market.

In August, investment capital realized from the state budget was estimated at 48.3 trillion VND, a year-on-year increase of 51.4%, according to the General Statistics Office (GSO).

Over 20,000 new enterprises were established in Hanoi in the first eight months of 2022, with a total registered capital of 226 trillion VND (over 9.64 billion USD), representing year-on-year increases of 22% and 2%, respectively.

Exports to the Netherlands reached 881.6 million USD in July, a year-on-year increase of nearly 39%, according to the latest statistics released by the General Department of Customs.

The total export and import turnover of agriculture, forestry and fishery products in the first 8 months of the year is estimated at about 66.2 billion USD, a year-on-year rise of 8.7%, according to the Ministry of Agriculture and Rural Development.

As of August 20, the newly-registered investment capital to Ho Chi Minh City, including adjusted and contributed capital for share purchases and capital contributions from foreign investors, totalled 16.8 billion USD, equal to 87.7% of the same period from the previous year, according to the Ministry of Planning and Investment.

The Government’s Project 06 was implemented in the context of Ho Chi Minh City’s determination to apply the digital transformation program, build a smart city, and put a shared data warehouse into operation.

Seafood exports to the Belgian market reached 124.79 million USD in the first 7 months of 2022, up 74.32% over the same period last year.

In the first seven months of 2022, the disbursement rate of public investment in Ho Chi Minh City was lower than the national average. In order to drastically promote the disbursement of public investment capital, the city has established 3 working groups to review and promptly remove difficulties and obstacles, striving for a disbursement rate of 95% this year.

The past eight months of the year saw the nation attract investment from 94 countries and territories worldwide, with a total registered capital of US$16.8 billion, equaling 87.7% over the same period from 2021, according to statistics compiled by the Ministry of Planning and Investment.

Vietnam raked in nearly 16.8 billion USD in foreign direct investment (FDI) as of August 20, down 12.3% year-on-year, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

Vietnam spent approximately US$206.25 million on importing 9,906 completely built units (CBU) in the first half of August, according to the latest statistics released by the General Department of Vietnam Customs.

The General Department of Vietnam Customs reported the total import-export value of Vietnam in the first half of August 2022 has hit more than USD30 billion.

JICA Vietnam Office has cooperated with the Department of Agriculture and Rural Development of Nghe An to introduce the Agricultural Market Forum (AMPF), Agribusiness Japan Desk (ABJD) and Vietnam-Japan Business Connection.

As the energy industry has a crucial role in achieving net zero emissions by 2050, it requires a structural transition toward green growth. Therefore, Vietnam needs assistance from developed countries regarding both financial and technical issues.

A week to promote OCOP (One Commune One Product) and connect consumption of agricultural products and regional specialties was held by the Hanoi Department of Industry and Trade on August 16.

The four major export markets for Vietnam’s crabs include China, the US, Japan and France, accounting for more than 92% of the total export turnover.

More than 22,000 visitors will attend the upcoming 16th International Travel Expo Ho Chi Minh City (ITE HCMC 2022), the municipal Department of Tourism said at a recent press conference.

More than 40 businesses have attended a conference connecting investment and business between Vietnamese and Korean businesses recently held by the Hai Phong Department of Planning and Investment.

Eight Vietnamese handicraft exporters are introducing their products at the NY Now exhibition that is underway in New York, the US with the participation of about 950 businesses from 35 countries.

(CPV) - The Embassy of the Republic of Indonesia in Hanoi and the Indonesian Consulate General in Ho Chi Minh City facilitate the participation of 10 Indonesian enterprises in the 26th VietFood, Beverage, and Professional Packing Machines (VietFood & Beverage – ProPack) International Exhibition on 11-13 August 2022 in Ho Chi Minh City, Viet Nam.

The Ministry of Agriculture and Rural Development’s Plant Protection Department said that it is urgently coordinating with the General Department of Customs of China to negotiate technical exchanges and develop protocols for eight types of fruit officially exported to China with the focus on completing the Protocol for exports of mango, watermelon and dragon fruit.

More than 100 businesses and 43 investors of industrial clusters and nearly 20 commercial banks participated in a conference on August 15 to connect local firms of Hanoi with commercial banks and the Hanoi Development Investment Fund (HANIF).

Vietnam-Laos trade turnover reached nearly 949 million USD in Jan-July 2022, an increase of 24.2% compared to the same period last year, reported the Vietnam Trade Office in Laos.

Trade between Vietnam and Laos rose 24.2% in the first seven months of this year to nearly 949 million USD, with Vietnam's export value of nearly 586 million USD, reported the Vietnam Trade Office in Laos.

The Ministry of Agriculture and Rural Development’s National Agro-Forestry-Fisheries Quality Assurance Department has coordinated with the Hanoi Department of Agriculture and Rural Development and the Canadian side to run a project on food safety.

The shipment of 1 ton of fresh longan was produced by Son Thuy Agricultural Service Cooperative in Xuan Thuy commune, Kim Boi district, the northern mountainous province of Hoa Binh, packed by FUSA Organic Agriculture Joint Stock Company and transported to the EU market by air.

Viettel achieved double-digit growth in the first half of the year, according to an announcement of the Military Industry-Telecommunications Group (Viettel). This is the highest growth rate that Viettel has achieved over the past 4 years.

Pangasius exports to the EU reached nearly 122 million USD by mid-July 2022, an increase of 91% over the same period last year and higher than pangasius export turnover of 2021 (106 million USD), according to the Vietnam Association of Seafood Exporters and Producers (VASEP).