Trade – Investment

The homepage of the World Travel Awards (WTA) has announced Ho Chi Minh City as the venue for the 2022 Asia and Oceania Awards Ceremony.

The Republic of Korea (RoK) has become the largest market of Vietnam’s tourism industry. In the first 7 months of 2022, 196,200 visitors from the land of kimchi visited Vietnam.

(CPV) - The Hanoi People’s Committee has just issued Plan 207 organizing an investment and trade promotion conference, themed “Hanoi-Vientiane, Cooperation for Mutual Development”, and a photo exhibition space displaying and introducing products of the two capitals.

ASEAN Online Sale Day, the largest online event of its kind, was held from August 8 to 10 to celebrate the 55th anniversary of ASEAN founding.

A delegation of leading tour operators from Mumbai (India) has conducted a survey of Da Nang with a program of urban sightseeing, night tourism products, and exploring the Golden Bridge in Ba Na Hills.

Through the implementation of preferential credit policies for the poor, near-poor and other policy beneficiaries, capital like “cool water” reaches hamlets and residential groups in all communes, wards and townships in the border province of Cao Bang.

Vietnam and Israel have made progress during the eleventh round of negotiations on a free trade agreement (FTA) between the two countries.

The Digital Transformation Week 2022 is set to take place in the central province of Thua Thien-Hue on August 17.

The Trade Promotion Agency under Ministry of Industry and Trade (MoIT) stands ready to support and create favourable conditions for companies of Vietnam and Côte d'Ivoire to promote bilateral trade in the future, its director Vu Ba Phu has said.

Deputy Prime Minister Pham Binh Minh chaired the eighth meeting of the National Steering Committee on ASEAN Single Window, National Single Window and Trade Facilitation (Commission 1899) in Hanoi on August 5.

Vietnam exported nearly 4.2 million tons of rice in the first seven months of 2022, up more than 20% over the same period last year, in which the US market saw the sharpest increase with more than 65%.

The realized investment of the state budget in Jan-July 2022 was estimated at 236.7 trillion VND, equaling 43.3% of the year plan and a year-on-year rise of 11.9%, according to the General Statistics Office (GSO).

Vietnam’s export and import turnover of agricultural, forestry and fishery products was estimated at about 58.3 billion USD in Jan-July 2022, a year-on-year increase of 7.2%, according to the Ministry of Agriculture and Rural Development.

(CPV) – Vietnam continued to gain recovery in many socio-economic fields in the first 7 months of 2022, such as export turnover, investment situation, state budget revenue, and international visitors to Vietnam.

With a population of nearly 100 million and strength in cultivating spice plants, Vietnam has substantial potential for spice production, consumption and export.

The Ministry of Information and Communications reported that the number of Mobile Money subscribers has quadrupled since the service was launched in January this year, 67% of whom were from rural, mountainous, border, island and remote areas.

The Ben Tre People’s Committee has signed a Memorandum of Understanding on economic cooperation between the Mekong Delta province and Japanese prefecture of Ehime.

A delegation from the Vietnamese Embassy in Switzerland paid a working trip to Vevey town on July 30 to seek ways to promote trade, especially in agricultural products and processed food, between the two countries’ localities.

Vietnam attracted 15.41 billion USD in foreign direct investment (FDI) capital in the first 7 months of the year, equivalent to 92.9% compared to the same period last year, according to the Ministry of Planning and Investment.

The Mekong Delta province of Ben Tre has been granted certificate of protection of geographical indications by the Ministry of Science and Technology’s National Office of Intellectual Property for five typical products.

The Ho Chi Minh City Youth Union, Vietnam Youth Federation and Ho Chi Minh City Young Entrepreneurs Association have launched the 11th “Ho Chi Minh City Outstanding Young Entrepreneur” Award in 2022.

Vietnam’s export and import turnover to ASEAN rose 26.1% in the first half of the year, according to the General Department of Customs

A strategy for developing agricultural mechanisation and agro-forestry-fishery processing has been approved, aiming to turn Vietnam into one of the top 10 agricultural processing centres in the world by 2030.

Businesses from Hong Kong (China) have expressed their interest in the Vietnamese gem market during their participation at the ongoing 38th HKTDC Hong Kong International Jewellery Show and 8th HKTDC Hong Kong International Diamond, Gem & Pearl Show.

Vietnam recorded high export growth to the United States, the EU, and the Republic of Korea (RoK) during the past seven months of the year, according to data compiled by the General Statistics Office (GSO).

Vietnam exported a total of 22,240 tonnes of pepper worth over US$100 million in June, a rise of 10.8% in volume and up 1.7% in value compared to May, according to statistics compiled by the General Department of Vietnam Customs.

The Law on Public-Private Partnership (PPP) has been up and running for over one year and a half, but it has made no difference to domestic investment so far, according to experts.

Vietnamese environmentally friendly products, farm produce and food left strong impression on visitors at the Foodex Japan in Kansai 2022 that concluded on July 29.

Stavian Quang Yen petrochemical plant project has successfully attracted investment capital of 1.5 billion USD, said Mr. Pham Tan Cong, Chairman of the Vietnam Chamber of Commerce and Industry (VCCI), in a recent conference held to promote investment in the northern province of Quang Ninh.

Standard Chartered has forecast that Vietnam’s GDP growth will reach 10.8% in the third quarter and 3.9% in the last quarter of 2022, contributing to annual expansion of 6.7%.