Trade – Investment

The Mekong Delta is set to become a sustainable, dynamic and highly efficient agricultural economic hub of the country, the region and the world by 2030.

Industrial parks (IPs) in the northern province of Hung Yen are now home to 209 foreign-invested enterprises with 271 valid projects worth over 5 billion USD, according to the management board of provincial IPs.

The Vietnam Report JSC and online newspaper VietNamNet on January 14 revealed the 500 largest enterprises in Vietnam (VNR500) and top 10 prestigious companies in the pharmaceutical industry - logistics - animal feed – packaging this year.

(CPV) - The Vietnam Bank for Social Policies (VBSP) has disbursed over 80,000 billion VND of loans for more than 2 million of poor households in 2021.

(CPV) - Vietnam continues to maintain its leading position in Southeast Asia in exporting to Hungary with turnover to the market estimated to reach over 1 billion USD in 2021.

Cashew nut exports to the EU in 2022 are expected to increase by about 15% in volume and 10% in value compared to 2021, reaching over 155,000 tonnes, worth 900 million USD.

Vietnam’s industrial production recorded an increase of 4.82 percent in added value compared to 2020, according to figures from the General Statistics Office (GSO).

In spite of being heavily affected by the COVID-19 epidemic, the Mekong Delta province of Ca Mau still achieved good results in seafood processing and export in 2021, said Mr. Huynh Quoc Viet, Chairman of the Ca Mau People’s Committee.

The northern port city of Hai Phong is working to continue to improve its business and investment environment to attract large investors and maintain its leading position in investment attraction.

The Mekong Delta province of Soc Trang achieved high seafood export turnover in 2021, said Mr. Vo Van Chieu, Director of the provincial Department of Industry and Trade.

The northern province of Hai Duong on January 11 cut the ribbon to ship abroad a batch of 625 tonnes of carrots to the Republic of Korea (RoK) and Malaysia.

Three tonnes of frozen avocado from Vietnam’s Central Highlands were exported to Australia, according to the Vietnam Trade Office in Australia. The shipments began on sale from January 11.

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, Truong Dinh Hoe, General Secretary of the Vietnam Association of Seafood Exporters and Producers (VASEP), has said.

Vietnam remained the major tea supplier for the Taiwanese market (China) as it exported 16,970 tonnes of tea, valued at 26.7 million USD in the Jan-Nov period of 2021, according to data recently released by Taiwan (China)’s Customs Administration.

After years of fluctuations, in 2021, the pepper industry enjoyed a good growth to regain its position as one of the major export products with revenue from 1 billion USD.

Vietnam’s market share in China’s total rubber imports accounted for 17.7% in the Jan-Nov period of 2021, a year-on-year rise of 15.5%.

The Quy Nhon People’s Committee, Boston Consulting Group (BCG) and Hung Thinh Corporation, have signed an agreement to develop Quy Nhon tourism by 2030, aiming to make the city a leading destination in Asia.

Import and export activities in 2021 reached a record level of nearly 670 billion USD, up nearly 23% over the previous year, becoming a bright spot of the economy, contributing to placing Vietnam among the Top 20 economies in terms of international trade.

(CPV) - The Asian Development Bank (ADB) signed a USD25 million loan with Tien Phong Commercial Joint Stock Bank (TPB) to expand access to finance of women-owned and led small and medium-sized enterprises (WSMEs) in Viet Nam.

Electronics, computers and components, mobile phones and spare parts were among the commodities with export value of over 10 bln USD in 2021.

The fifth Vietnam Rice Festival was launched in Vinh Long on January 8, which is expected to promote Vietnamese rice to the world, through trade and investment promotion activities.

The Command of Naval Region 2 on January 8 sent two delegations to visit and offer Lunar New Year (Tet) greetings to officers and soldiers performing duties at the DK1 platforms in Vietnam’s southern continental shelf, along with the island district of Con Dao.

Vietnam will attend the ASEAN Tourism Forum (ATF) 2022, themed “a Community of Peace and Shared Future” in Sihanoukville, Cambodia, from January 16 – 20.

Credit institutions warn of a continuous increase in credit risks in the first half of 2022, according to a survey on credit trends by the State Bank of Vietnam’s Forecast and Statistics Department.

China has announced the reopening of Pingmeng border gate with Vietnam’s Soc Giang border gate in Cao Bang province from 10:00 on January 7.

Vietnam has surpassed China to become the major manufacturer of Nike sports shoes.

With optimistic signs being recorded in terms of rubber exports last year, the local rubber industry is anticipated to rake in 3.5 billion USD from exports in the year ahead, according to predictions made by the Ministry of Industry and Trade.

The southern province of Binh Duong and Gangnam district of the Republic of Korea (RoK)’s Seoul city signed a strategic cooperation agreement via videoconference on January 6 to promote international trade and cultural exchange activities.

Standing Deputy Prime Minister Pham Binh Minh has signed a decision approving a plan on the implementation of the Regional Comprehensive Economic Partnership (RCEP), which became effective from January 1.

(CPV) – The Communist Party of Vietnam (CPV) Online Newspaper has voted Vietnam’s 10 outstanding economic events in 2021 as follows: