Trade – Investment

On the first day of customs clearance, 40 vehicles carried export goods through Chi Ma National Border Gate and 3 vehicles transported agricultural products through Tan Thanh border gate.

In 2022, China is forecast to have greater demand for cassava. Notably, the country will import more cassava and cassava products from Vietnam due to favourable geographical conditions.

European companies ended 2021 more positive and optimistic about Vietnam’s trade and investment environment, according to the Business Climate Index (BCI) announced by the European Chamber of Commerce in Vietnam (EuroCham) on January 27.

Thai energy company Banpu PCL has agreed to acquire the companies holding a 50-MW portfolio of two solar parks in Vietnam in a deal worth 26.7 million USD, according to the company.

The Ministry of Agriculture and Rural Development’s Plant Protection Department (PPD) has reached an agreement with the Australian Department of Agriculture and Water Resources on the use of metsulfuron methyl for cut flowers exported to Australia instead of glyphosate, which has been banned in Vietnam since June 2021.

The resumption of customs clearance by China’s Guangxi at the Tan Thanh - Po Chai border gate will help the two sides release goods faster, meeting the goal of clearing the backlog of vehicles before the Lunar New Year.

Vietnam's tuna exports to the US has increased stably, accounting for 15 percent of the market share in this country.

Although the COVID-19 pandemic is still complicated on a global scale, making it difficult for cooperation and trade activities of many countries, the trade cooperation relationship between Vietnam and China in 2021 still maintained a high and stable growth rate.

The volume of goods passing through Vietnam’s seaports in the first month of 2022 has not yet recorded strong growth because economic trade activities are still affected by the COVID-19 epidemic.

Coffee company CCL Products India Ltd (Continental Coffee), based in Andhra Pradesh, is investing 20 million USD in doubling the capacity of its coffee manufacturing facility in Vietnam, Times of India reported.

With a solid financial foundation, bright prospects in the medium and long term, stocks of renewable energy companies are attracting more and more investors.

Vietnam’s seafood industry is projected to enjoy strong growth in the 2021-2030 period thanks to the increasing per capita seafood consumption in the world, according to a report published recently by the Organisation for Economic Cooperation and Development (OECD) and the Food and Agriculture Organisation of the United Nations (FAO).

Deputy Prime Minister Le Van Thanh on January 22 pressed a button kick-starting a project on Dien Bien airport expansion in north-western region of Vietnam to receive larger aircraft in future.

Some foreign financial organisations have issued relatively positive predictions for Vietnam’s economy this year, with growth expected at 6.5 - 6.7 percent.

Bilateral trade between Vietnam and the US set a new milestone, hitting 111.56 billion USD in 2021, up nearly 21 billion USD over the previous year, according to the General Department of Customs.

(CPV) - With the strengths of each side, the Vietnam - Korea Business & Investment Association (VKBIA) and Yongpyung Resort Group (the Republic of Korea) will co-organize programs, cultural events, and trade promotion, thereby promoting trade connection between Vietnam and the RoK.

A seminar was held in An Giang province on January 20 to promote trade and investment between the US and the Mekong Delta localities.

The Ho Chi Minh City People’s Committee has just issued a decision approving a trade promotion program to consume key agricultural products and OCOP (one commune one product) in 2021-2025.

A resolution on fiscal and monetary policies supporting the socio-economic recovery and development programme was ratified at the 15th National Assembly’s first extraordinary session (January 4 -11, 2022).

Vietnam spent more than 4.93 billion USD importing animal feed and related raw materials in 2021, a year-on-year increase of 28.4%, according to preliminary statistics released by the General Department of Vietnam Customs.

(CPV) – As many as 200 tons of frozen jackfruit, equivalent to 1,000 tons of raw jackfruit, has been registered by importers, mainly VINREC Australia, to participate in a promotion program in Australia, according to the Vietnam Trade Office in Australia.

Vietnam enjoyed an increased market share of processed fruit and vegetables (coded HS 20) in China’s total import value in the Jan-Nov period of 2021.

Among the five centrally-run cities, the northern port city of Hai Phong took the lead in the gross regional domestic product growth in 2021, registering a rise of 12.38 percent.

Nissan’s press release on January 17 said that the company’s plant in St. Petersburg, Russia has produced 45,040 cars in 2021.

The UK-Vietnam Free Trade Agreement (UKVFTA) has brought about positive results though it took effect recently, said head of the Ministry of Industry and Trade (MoIT)’s Multilateral Trade Policy Department Luong Hoang Thai at a seminar held in Hanoi on January 18.

Export revenue of wood and furniture generated frrom the US market is predicted to reach 10 billion USD in 2022 thanks to the development trend from 2021.

The Ho Chi Minh City Export Processing and Industrial Zones Authority (HEPZA) aims to attract 500 million USD worth of investment in 2022.

A book featuring the Vietnam-Thailand enhanced strategic partnership was released at a ceremony in Bangkok on January 14.

A groundbreaking ceremony was held on January 15 for the construction of the first phase of Hai Lang liquefied natural gas (LNG) power plant in Hai An commune in the central province of Quang Tri's Hai Lang district.

Vietnam’s coffee exports to Germany are expected to rebound this year following the implementation of COVID-19 containment efforts and advantages gained from the EU-Vietnam Free Trade Agreement (EVFTA).