Trade – Investment

(CPV) - The staff of Ho Chi Minh City High Voltage Power Grid Company under the City Power Corporation has carried out maintenance work on the power grid at substations using advanced technology to avoid power loss.

Vietnamese enterprises are showcasing their products at "Foodex Japan 2022," the 47th edition of a leading food and beverage exhibition in Japan that opened on March 8.

Vietnam’s fresh chili products have been officially approved by Chinese authorities for export to the world’s largest consumer market.

Vietnam enjoyed a trade surplus of 109.1 million USD to Russia and 49.1 million USD to Ukraine in the first two months of 2022, according to the Ministry of Industry and Trade.

In the first two months of this year, Vietnam posted a 5.4 percent growth in the index of industrial production, a 10.2 percent rise in export value and a 11.9 percent rise in the number of newly registered enterprises.

Vietnamese carrier Bamboo Airways announced its direct flights connecting Hanoi and Melbourne in Australia at a ceremony held on March 5, becoming the first Vietnamese airline to launch regular commercial direct flights between the two cities.

The northern port city of Hai Phong raked in 305.66 million USD worth of foreign capital in the first two months of 2022, given the complex developments of COVID-19.

The Mekong Delta province of Long An has shown interest in strengthening cooperation with businesses in Ibaraki to bring more local labourers to work in the Japanese prefecture.

Revenue from tra fish exports is expected to reach 1.7 billion USD thanks to adaptation efforts of businesses and effective support from the State, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Vietnamese Ambassador to France Dinh Toan Thang on March 3 visited Salon International de l'Agriculture (SIA) 2022 in Paris at the invitation of the National Authority for Agriculture and Sea Products (FranceAgriMer) and had working sessions with the host country's agricultural organisations.

Disbursement of investment capital sourced from the State budget was estimated at 46.3 trillion VND (2.02 billion USD) in the first two months of 2022, up 10.4 percent from the same period last year and completing 8.8 percent of the yearly target, according to the General Statistics Office (GSO).

The Office of the Ministry of Industry and Trade has announced that Chinese authorities have granted codes to more than 1,600 Vietnamese enterprises to export agricultural products to the Chinese market.

The northern province of Bac Ninh raked in more than 1.3 billion USD in foreign direct investment (FDI) in the first two months of this year, making it the country’s largest FDI recipient during the period, according to the Ministry of Planning and Investment’s Foreign Investment Agency.

Vietnamese automaker VinFast announced its signing of a memorandum of understanding (MoU) with LeasePlan, one of the world's leading car-as-a-service companies, on February 28 at the Mobile World Congress 2022 (MWC 2022) – the most influential technology and mobile exhibition in the world that runs from February 28 to March 3 in Barcelona, Spain.

The Ministry of Industry and Trade has urged the Vietnam Directorate of Market Surveillance and its provincial/municipal chapters to strengthen market supervision and monitoring in the face of COVID-19 and armed conflict in Ukraine.

There is large room for Vietnam to promote coffee exports to Algeria, said the Vietnam Trade Office in the African country.

The 31st Vietnam International Trade Fair (VIETNAM EXPO) will take place from April 13-16 in Hanoi, expecting to draw nearly 350 businesses.

An inter-ministerial working group has been established to operate and upgrade the Vietnam Free Trade Agreement Portal (FTAP) for 2021-2025 with a vision towards 2035.

Ho Chi Minh City’s Consumer Price Index (CPI) in February picked up 0.86 percent from the previous month and 1.09 percent from the same period last year, data from the municipal statistics office shows.

Vietnamese rice, spices, and fruit have been increasing their presence in demanding markets worldwide as local businesses are taking advantage of free trade agreements.

Foreign investors will continue to pour money into Vietnam’s logistics sector to seize post-pandemic development opportunities, Lao Dong newspaper quoted Piyush Rathorenoi, General Director of the Transworld QBV ICD as saying.

Vietnam’s export-import turnover hit an estimated over 108.5 billion USD in the first two months of 2022, up 13 percent compared to the same period last year, the General Statistics Office (GSO) reported on February 28.

Increases in petrol prices, and those of food, food stuff, restaurant food and public transport services during the Lunar New Year led to a rise of 1 percent in the consumer price index (CPI) in February compared to that of the previous month, the General Statistics Office (GSO) announced on February 28.

The target of 3.8 billion USD in export revenue of cashew nuts for this year set by the Ministry of Agriculture and Rural Development (MARD) is quite feasible given the forecast on high demand for the product in the time to come, according to experts.

Vietnam has so far reopened air routes to 20 countries and territories, compared to 28 in 2019.

This is one of the goals set in the new strategy on agricultural and rural development in the period 2021 – 2030, vision 2050, approved by Decision 150/QĐ-TTg on 28th January.

Saigon Telecom Technology Joint Stock Company (SAIGONTEL) of Vietnam and Aurous Capital Pte. Ltd of Singapore have signed a Memorandum of Understanding (MoU) on investment cooperation in a 2.5-billion USD project to develop an industrial and urban complex in the northern province of Bac Giang.

Vietnam attracted approximately US$5 billion in foreign direct investment (FDI) during the opening two months of the year, equivalent to roughly 91.5% against the same period last year, according to statistics released by the Ministry of Planning and Investment.

President Nguyen Xuan Phuc received some leading Singaporean businesses in innovation on February 25, part of his State visit to Singapore.

The Republic of Korea (RoK) has offered a preferential tax rate of 5 percent for 55,112 tonnes of rice imported from Vietnam, according to the Asia-Africa Market Department under the Ministry of Industry and Trade.