Trade – Investment

The Vietnam Blockchain Summit 2022 will take place at the National Conference Centre of Vietnam in Hanoi on July 21-22.

The Mekong Delta province of Dong Thap has launched a week to honor mango and key fruit on the e-commerce platform from May 16 to 22.

In April 2022, the total state budget collection is estimated at 160.2 trillion VND, an increase of 3.2 trilion VND from the previous month, reported the Ministry of Finance.

The Vietnam Blockchain Association was launched in the capital city of Hanoi on May 17, the first official legal entity specialising in the field of blockchain technology.

The Regional Comprehensive Economic Partnership (RCEP), which entered into force on January 1, 2022, is expected to boost Vietnam’s export and improve its access to large consumer markets, according Standard Chartered Bank.

Since the establishment of their bilateral diplomatic ties in 1962, Vietnam and Laos have promoted cooperation across spheres, with their trade exchange posting substantial growth, benefiting both countries.

The United States and Vietnam have a lot of potential to expand their business and trade cooperation in such fields as agriculture, life sciences and energy transition, according to President and CEO of the Business Council for International Understanding (BCIU) Peter Tichansky.

The International Finance Corporation (IFC) and the Emerging Asia Fund has signed an investment cooperation agreement worth 52 million USD in the form of common shares with Mavin Group to develop high-quality breeding pigs and expand pig production capacity in Vietnam.

The Vietnam Securities Depository (VSD) has reported that in April 2022, 311 more foreign investors were granted securities trading codes.

Construction of a logistics service centre for e-commerce activities worth 32 million USD was kicked off May 12, at the Non-Tariff Zone and Nam Dinh Vu Industrial Park in Hai Phong City.

Lao Dong Newspaper has coordinated with the State Bank of Vietnam’s Payment Department to organize a seminar to promote the development of Mobile Money in Vietnam.

Pandora, a Danish jewelry manufacturer, will invest 100 USD million to build a new facility in the Vietnam Singapore Industrial Park (VSIP) in the southern province of Binh Duong under a memorandum of understanding signed between two sides on May 12.

(CPV) – On May 11, New Zealand Ambassador to Vietnam, H.E. Tredene Dobson, and Deputy Minister of Foreign Affairs Nguyen Minh Vu announced a support package worth 2 million NZD (1.26 million USD) from Aotearoa New Zealand to support Vietnam’s recovery from the COVID-19 pandemic.

As of the end of April, export turnover of goods has grown strongly at 16.5%, worth 122.48 billion USD, according to information recently announced by the General Department of Customs.

Vietnam earned more than 1 billion USD from seafood exports in April 2022, a year-on-year increase of 41%, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Vietnam’s rice exports saw an impressive recovery in the first four months of the year, with export value exceeding 1 billion USD, according to the Ministry of Agriculture and Rural Development (MARD).

Many kinds of flowers of Vietnam have gained a foothold in the Japanese market, and are quite popular among local consumers.

Vietnam earned 320 million USD from fruit and vegetable exports in April 2022, bringing the total value in the first four months of the year to 1.17 billion USD, down 14.6% compared to the same period last year, according to the Ministry of Agriculture and Rural Development.

After growing 75% in 2021, Vietnam's tuna exports to Portugal continue to grow, reaching a 3-digit rate in the first three months of 2022.

The Vietnam Oil and Gas Group (PetroVietnam) has reported that its crude oil output reached 3.63 million tonnes in the first four months of this year, surpassing the set target by 23 percent.

Trade turnover between Vietnam and Brazil reached 6.35 billion USD last year, the highest value so far, said Ngo Xuan Ty, Head of the Vietnamese Trade Office in Brazil.

The Vietnam Chamber of Commerce and Industry (VCCI) has suggested adding regulations related to digital transformation to the draft law on amending and supplementing a number of articles in the Law on Intellectual Property (IP).

(CPV) - Norway’s largest energy company Equinor officially opens its representative office in Hanoi, marking an important milestone in the Norway-Vietnam business cooperation portfolio.

Total retail sales of consumer goods and services in April 2022 is estimated at 455.5 trillion VND, up 3.1% over the previous month and up 12.1% compared to the same period last year, according to the General Statistics Office (GSO).

Up to 89 percent of the imports in the first four months of this year are raw materials and accessories for domestic production with a combined value of 106.6 billion USD, up 16.8 percent year-on-year, according to the Ministry of Industry and Trade.

A memorandum of understanding (MoU) on innovation cooperation has been signed, under which Japan will help Vietnam develop startups and innovative companies within the 8th phase of the Vietnam - Japan Joint Initiative.

Seaports in the country handled more than 236 million tonnes of cargo during the first four months of 2022, up 3 percent from the same period last year, according to the Vietnam Maritime Administration (VMA).

The number of newly established firms reached an all-time high of around 15,000 in April, with total registered capital of 164.1 trillion VND (7.1 billion USD), according to the General Statistics Office (GSO).

Plans for the development of Van Phong Economic Zone (EZ) will be revised, according to a decision recently signed by Deputy Prime Minister Le Van Thanh.

The Ministry of Transport has been drafting a report seeking the National Assembly’s approval on the development of three expressway projects in the south-central and southern regions of Vietnam.