Trade – Investment

On May 30, the Government issued Decree 36/2022/ND-CP on supporting interest rate for loans at the Vietnam Bank for Social Policies (VBSP), including loan capital, interest rate compensation and management fees for the bank to provide loans according to Resolution 43/2022/QH15, dated January 11, 2022 of the National Assembly, on fiscal and monetary policies to support the socio-economic developmen

The total state budget collection in Ho Chi Minh City continues to record positive results with a year-on-year 19.5% increase in the first five months of the year, according to the city Statistic Office.

Consumer Price Index (CPI) in Ho Chi Minh (HCM) City in May rose 0.22% from the prevous month, in which 2 out of 11 commodities saw the price decrease while other groups had price increase with the highest rise beloing to transport (2.2%), according to the city General Statistics Office (GSO).

The Tan Phu District People’s Committee has cooperated with the HCM City Department of Tourism to launch “Tan Phu - Going is remembering” tour. This is one of the tourism products in a series of new tours and routes to attract domestic and foreign tourists to the locality.

Vietnam’s consumer price index (CPI) in May increased by 0.38 percent compared with the previous month, with the urban area experiencing a hike of 0.34 percent and the rural area 0.42 percent.

The last of the 35 cashew nut containers, the original documents of which were claimed by Vietnamese exporters to be missing because of a suspected scam, have been ultimately released under an Italian court rule.

The total import and export value of agro-forestry-aquatic products in the first five months of 2022 has been estimated at 41.3 billion USD, up 8.6 percent year-on-year, according to the Ministry of Agriculture and Rural Development (MARD).

The Ho Chi Minh City People’s Committee has just issued a plan to develop e-commerce in the city in 2022.

The Ho Chi Minh City Department of Planning and Architecture has asked for approval of the City People’s Committee for adjustments of the detailed urban construction planning at the rate of 1/2000 of the existing central area of HCM City (930ha) at the Tran Hung Dao - Nguyen Thai Hoc - Pham Ngu Lao triangle area in District 1.

The Ho Chi Minh City Department of Science and Technology has just announced the research program and orientation for science-technology and innovation in the 2021-2025 period.

Prime Minister Pham Minh Chinh applauded Intel’s decision to expand its investment in Vietnam while receiving its CEO Patrick Gelsinger in Hanoi on May 27.

Vietnamese enterprises have made great efforts in effectively using FTAs to penetrate and bring Vietnamese goods to the international market.

The Ministry of Natural Resources and Environment (MONRE) and the Bank for Investment and Development of Vietnam (BIDV) have inked a memorandum of understanding (MoU) to promote sustainable green finance development, environment protection and climate change response.

Vietnam will have a total of 184 fishing ports, capable of handling approximately 3 million tonnes of fish annually, and 160 typhoon shelters for boats by 2050 under a plan drafted by the Ministry of Agriculture and Rural Development.

The third Vietnam International Milk and Dairy Products Exhibition (Vietnam Dairy 2022) will be held in Hanoi from May 31 to June 4, according to the event's organizers.

The Ministry of Transport has held a meeting to review the progress of basic construction projects and public investment disbursement.

An online conference has been held in the northern province of Bac Giang to promote lychee consumption to more than 60 domestic and foreign demand points; including 13 bridge points in China, Japan, Australia, Singapore, Thailand and the United Arab Emirates (UAE).

The fruit week “on the dock under the boat” will be held for the first time from May 28 to June 6, at Binh Dong Wharf, Ho Chi Minh City, said Ms. Nguyen Thi Thu Hoa, Deputy Chairwoman of District 8 People’s Committee.

Vietnamese Ambassador to South Africa Hoang Van Loi has led a delegation of Vietnamese representative agencies in South Africa to attend a seminar on ASEAN investment held by the Department of International Relations and Cooperation (DIRCO) of South Africa and the Northern Cape provincial government in Kimberley city.

Thailand's retail corporation Central Retail in Vietnam plans to put on shelves about 1,000 tonnes of lychee this year, with first batches of the fruit from Bac Giang province’s Luc Ngan district transported to its supermarkets after a ceremony on May 25.

Rice export prices of Thailand and Pakistan increased by 2-5 USD per ton for 3 main types of rice exported on the world market.

The fair and exhibition introduces to consumers and visitors key agricultural products, OCOP (One Commune One Product) with high-value use, and friendliness with the environment of Ho Chi Minh (HCM) city and southern localities.

The Government has asked for an extension to a pilot programme designed to handle bad debt from domestic financial institutions during a meeting of the National Assembly on May 24.

The Vietnam - Latvia Business Forum is expected to connect and promote trade between the two countries moving forward.

The Ministry of Industry and Trade’s Trade Promotion Agency, in coordination with Vietnam Trade Office in Kuwait, will organize a session to consult on exports to the Kuwait market on June 1.

Since 2019, Hanoi has registered 1,649 One Commune One Product (OCOP), according to the City Office of New Rural Development Program Coordination.

The State budget overspending in 2020 stood at over 216.4 trillion VND (9.3 billion USD), equivalent to 3.44 percent of GDP, statistics showed.

As many as 120 domestic and foreign exhibitors are set to display auto products of famous international brands such as DTE system, Dunlop Tech, Exedy, CEPSA, and Respol at Automechanika Ho Chi Minh 2022, which will take place in the southern metropolis from June 29 to July 1.

Deputy Prime Minister Le Minh Khai will attend the 52nd World Economic Forum (WEF) annual meeting from May 23-24 in Davos, Switzerland, at the invitation of WEF Founder and Executive Chairman Professor Klaus Schwab.

The Food Safety and Inspection Services (FSIS) under the United States Department of Agriculture has recognised six more Vietnamese pangasius processing factories that are eligible to export products to the US, raising the number of establishments to 19, according to the Ministry of Agriculture and Rural Development’s National Agro-Forestry-Fisheries Quality Assurance Department (NAFIQAD).