Trade – Investment

Vietnam’s frozen sapodilla was the highlight at a trade promotion event held by the Vietnam Consulate General in New South Wales, Queensland and South Australia, and the Vietnam Trade Office in Australia at Paddington Market in Sydney on April 30.

Vietnam aims to replant or transplant about 107,000ha of coffee by 2025, according to the Ministry of Agriculture and Rural Development.

A trade surplus of about 1.07 billion USD was recorded in April, pushing the total in the first four months of this year to 2.53 billion USD, the General Statistics Office (GSO) reported on April 29.

The consumer price index (CPI) in April rose 0.18 percent over the previous month and 2.64 percent year on year, according to the General Statistics Office (GSO).

Vietnamese exports of animal feed and related materials to the United States reached US$12.29 million in March, a rise of 37% on-month and an annual increase of 30%.

Professor Julie Dai Trang Nguyen (Julie Nguyen), director of the Canada-Vietnam Society (CVS), highlighted the importance of Vietnam to Canadian businesses during talks at the Standing Committee on International Trade under the House of Commons of Canada on April 27.

Vice President of the Vietnam Fatherland Front (VFF) Central Committee Phung Khanh Tai and Deputy Secretary General of the Chinese People's Political Consultative Conference (CPPCC) National Committee Zou Jiayi co-chaired a teleconference between the two sides on April 29.

The resolution sets the target of revamping the growth model and improving productivity, quality, competitiveness, self-reliance, adaptation and resilience of the national economy.

The northern province of Quang Ninh leads Vietnam’s Provincial Competitiveness Index (PCI) for the 5th year in a row and is the only locality ranked in the group of “Very Good” with excellent economic management quality as well as convenience and friendliness of the business environment.

The Ho Chi Minh (HCM) City Trade and Investment Promotion Center (ITPC) coordinated with the city Tax Department to organize a dialogue conference between businesses and the government of the city, attracting more than 230 domestic and foreign enterprises.

From the beginning of this year to April 20, total newly registered capital, adjusted and contributed capital to buy shares and capital contribution of foreign investors in Vietnam reached over 10.8 billion USD, equivalent to 88.3% of the same period in 2021, according to the Ministry of Planning and Investment.

The Ho Chi Minh (HCM) City Department of Construction has coordinated with Dien Phuc Thanh Housing Construction and Trading Co., Ltd. to start work on a social housing project in Long Truong ward, Thu Duc city.

Export turnover of seafood products has increased sharply since the beginning of the year, for the first time surpassing 1 billion USD within a month, according to the General Department of Customs.

In the last weeks of April, Vietnam will send 28 seafood businesses, including 9 pangasius exporters, to Seafood Expo Global, scheduled from April 26-28 in Spain, said the Vietnam Association of Seafood Exporters and Producers (VASEP).

By the end of April 2022, Ho Chi Minh City collected more than 168.1 trillion VND for the state budget, 43.51% of the year’s estimate and a year-on-year increase of 13.87%, said Ms. Pham Thi Hong Ha, Director of the city Department of Finance.

The Quang Tri People’s Committee has signed cooperative agreements with BB Group and Quantum Group (the US) to invest in two projects in Hai Lang district, the central province of Quang Tri.

As many as 582 vehicles carried goods through the Kim Thanh Border Gate from April 6 to 24, averaging from 60 to 80 vehicles a day, according to statistics of the Management Board of the Lao Cai Economic Zone.

The Cu Chi district People’s Committee, in coordination with the district Farmers’ Association of Cu Chi Chi Minh District and the Ho Chi Minh City Department of Agriculture and Rural Development, opened the Cu Chi Agricultural Products Market 2022 on April 25.

The Office of the Ministry of Industry and Trade (MoIT) and the Trade Promotion Agency has informed the press that the EU market needed to import a large volume of seafood after the pandemic, opening up opportunities for Vietnamese seafood enterprises.

Vietnam has set a goal of achieving an average export growth rate of 6-7 percent in the 2021-30 period, following the Government's strategy on import and export released recently.

The To Mo Rong district People’s Committee on April 24 opened the Ngoc Linh ginseng market and special products associated with tourism as part of activities at the Kon Tum tourism forum.

In Q1/2022, there were nine export commodities recording turnover of at least 2 billion USD, accounting for 71.73 percent of the total export value.

The People’s Committee of Quang Ninh province’s Mong Cai city and authorities of Dongxing city in China’s Guangxi province held online talks discussing measures to speed up the customs clearance between the two localities in the time to come in association with the effective implementation of COVID-19 prevention and control.

Businesses from the United States introduced their array of agricultural products at the first ever food and beverage showcase held in the central city of Da Nang on April 22.

Vietnamese businesses shipped a total of 65,700 tonnes of coffee to Belgium in the first quarter of the year, raking in more than USD135.3 million in export turnover.

The two-way trade turnover between Vietnam and Laos in the first quarter of the year reached over 403 million USD, up 19.2% over the same period last year, according to the Vietnam Trade Office in Laos.

The Ministry of Industry and Trade (MoIT) has issued Decision No. 706/QD-BCT on the imposition of temporary anti-dumping tax rates on some types of welding materials of the Malaysian, Thai and Chinese origins.

(CPV) - The United States Agency for International Development (USAID) and Vietnam’s Ministry of Planning and Investment (MPI) on April 21 signed an amendment to their bilateral partnership agreement to expand USAID’s support to Vietnam to include local capacity development.

From the beginning of the year to April 15, commodity export and import turnover totalled 208.82 billion USD, according to statistics of the General Department of Customs.

Foreign investment funds have made optimistic forecasts about Vietnam's economic recovery in 2022 and steady growth of foreign investment inflows.