Trade – Investment

Despite the unpredictable developments of the COVID-19 epidemic, the value of Vietnam’s M&A market still reached 8.8 billion USD in the first 10 months of 2021 with more than 500 deals, an increase of 18% against 2020.

(CPV) – The seminar offered opportunities to discuss and evaluate the results of realizing Resolution 39-NQ/TW, thereby further raising awareness about the management, exploitation, use and promotion of resources of the economy, said Dr Tran Doan Tien, Editor-in-chief of the Communist Party of Vietnam (CPV) Online Newspaper.

The Electricity of Vietnam (EVN) Group on December 13 kicked off construction of the Quang Trach I Thermal Power Plant in Quang Dong commune, the central province of Quang Binh.

Vietnam is expected to add 36 million people to its middle class by 2030, according to a recent report by McKinsey.

Vietnam’s shrimp export earnings will hit around 3.9 billion USD this year, up 4 percent from 2020, according to Le Hang, Deputy Director of the Vietnam Association of Seafood Exporters and Producers (VASEP)’s Training and Trade Promotion Centre (VASEP.PRO).

Despite being heavily affected by the COVID-19 pandemic, especially in the third quarter, Vietnam’s textile and garment exports have overcome difficulties and maintained strong momentum in 2021, said Vice President and General Secretary of the Vietnam Textile and Apparel Association (VITAS) Truong Van Cam.

Singapore is seeking more partner countries to cooperate in producing agricultural products and processed food while Vietnam has huge advantages in the field, said the Ministry of Industry and Trade.

Overseas shipments of tra fish are expected to bring about 1.54 billion USD in revenue this year, said Le Hang, deputy head of the Vietnam Association of Seafood Exporters and Producers (VASEP)’s training and promotion centre.

A workshop to promote trade cooperation between Vietnamese and Brazilian enterprises has been held recently by the Vietnamese Embassy in Brazil and the Sao Paulo Trade Association in Sao Paulo.

(CPV) – State budget collection reached more than 1,389 trillion VND, 103% of the year’s estimated or an increase of 8.9% compared to the same period last year, according to the latest statistics of the Ministry of Finance.

The Danish toy production company LEGO Group on December 8 signed a memorandum of understanding with the Vietnam–Singapore Industrial Park Joint Stock Company (VSIP) on the building of a new plant in southern Binh Duong province.

More than 20 tonnes of canned lychee from Vietnam has hit the shelves of supermarkets in France for the first time, according to the trade office of Vietnam in the European country.

(CPV) - Export of agricultural, forestry and fishery products is estimated to reach 4.2 billion USD in November 2021, bringing the total export turnover of the whole industry in 11 months to 43.48 billion USD, surpassing the 2020 figure and setting the record, according to the Ministry of Agriculture and Rural Development.

The Civil Aviation Authority of Vietnam (CAAV) has requested that the Ministry of Transport (MoT) suspend all flights, including relief flights, both to and from 10 African countries over concerns about the spread of the Omicron coronavirus variant.

The Vietnam Manufacturing Purchasing Managers' Index (PMI) ticked up to 52.2 in November from 52.1 in October, signalling a second successive modest improvement in business conditions following a period of decline caused by the fourth wave of the COVID-19 pandemic earlier in the year, according to IHS Markit.

Vietnam continues to meet the US Treasury criteria for not being labeled as a currency manipulator, according to the US Treasury.

The Vietnam Economic Forum 2021 is scheduled to take place at the International Convention Centre on December 5, the National Assembly’s Office announced at a press conference on December 2.

Vietnam’s agro-forestry-aquatic product exports and imports were estimated at nearly 82.67 billion USD in the first 11 months of this year, up 24.7 percent annually, reported the Ministry of Agriculture and Rural Development (MARD).

Vietnam’s industrial production index went up 5.5 percent in November compared to the previous month and rose by 5.6 percent year-on-year, reported the General Statistics Office (GSO).

The Ministry of Transport has submitted to the Prime Minister for approval of the railway network draft planning for 2021-2030, with vision towards 2050, which consist of 25 routes.

The Ministry of Industry and Trade has launched a national promotion month – Vietnam Grand Sale 2021 – to seek opportunities to expand markets and promote domestic consumption in the post-COVID-19 pandemic period.

The southern region will have more than 20 clusters of cargo ports being invested in 2021-2030, according to the Vietnam Inland Waterway Administration under the Ministry of Transport.

Foreign direct investment (FDI) registered in Vietnam reached 26.46 billion USD as of November 20, up 0.1 percent year on year, according to the Ministry of Planning and Investment.

In November, public investment capital realized from the State budget posted 48.5 trillion VND, up nearly 15% from the previous month, and down 13% compared to the same period last year, according to the General Statistics Office (GSO).

The Hanoi OCOP Program Steering Committee on November 30 held a conference to announce the decision recognizing OCOP products at the city level.

The hikes of prices of petrol and gas across the globe, as well as consumer goods and services in localities in the new normal, made the Consumer Price Index (CPI) in November rise 0.32% from the previous month and 2.1% against the same period last year, according to the General Statistics Office (GSO).

Newly-established enterprises in November witnessed increases of nearly 47% in number, 38% in registered capital and 30% in number of workers, reported the General Statistics Office (GSO).

In Jan-Nov 2021, the country saw 34 commodities earning export turnover of more than 1 billion USD each, accounting for 93.5% of the total export turnover, according to the General Statistics Office (GSO).

The Electricity of Vietnam (EVN) group and the Management Board of the Power Project 1 has held a ceremony to start the construction of the 220kV Nam Mo (Laos) – Tuong Duong (section on Vietnamese territory) transmission line.

V1-3 Ben Tre wind power plant, the first of its kind in the Mekong Delta province of Ben Tre, was put into operation on November 28.