Trade – Investment

Economic and trade ties between Vietnam and Switzerland have developed strongly and effectively across spheres, and would grow further in the time ahead.

The Vietnamese Embassy in the Netherlands and the Gia Lai provincial People's Committee recently co-hosted an event titled “Doing Business with Gia Lai: Leveraging on EVFTA and Anticipating EVIPA" to raise awareness of the business potential of the province.

Total foreign direct investment (FDI) pledges to Vietnam in the first 11 months of 2021 were estimated at 26.46 billion USD, up slightly by 0.1% compared with the same period last year.

Despite the prolonged COVID-19 pandemic, shrimp exports have remained strong this year, also causing local retail prices to rise in the Mekong Delta.

(CPV) – On November 26, Director General of the General Statistics Office of Vietnam (GSO) Nguyen Thi Huong, and Director General of Statistics Denmark Birgitte Anker signed an agreement to support Vietnam’s ongoing efforts to provide adequate and trustworthy official statistics, based on international standards and trends.

Vietnam held its place as the seventh largest tea supplier to the United States during the past nine months of the year with 4,100 tonnes worth US$5.7 million, according to the Ministry of Industry and Trade.

Belgium is one of Vietnam’s leading export markets in Europe, and has achieved a high growth rate over the past 10 months. In particular, export of iron and steel products to the market enjoyed robust growth.

A Singaporean enterprise has just signed a memorandum of understanding (MoU) to invest in a Data Center area worth about 100 million USD in the Da Nang IT park.

An online conference to promote Thai investment in the southern province of Binh Duong has been held with the participation of more than 100 investors.

Kurt Campbell, the US National Security Council's coordinator for the Indo-Pacific, has described Vietnam as one of the countries to define the future of Asia, according to the asia.nikkei.com.

Delegates at a forum on November 23 suggested Vietnamese firms further study the Russian market to increase the export of agricultural and aquatic products to the country.

(CPV) - The Korea Trade and Investment Promotion Agency (KOTRA) has held an event to share management technology of the quality of petrol and oil products between Vietnam and the Republic of Korea (RoK).

(CPV) - The Ministry of Finance and the Military Industry-Telecoms Group (Viettel Group) has signed a Memorandum of Understanding (MoU) on cooperation in digital transformation in the 2021-2025 period.

The Ho Chi Minh City Department of Industry and Trade on November 22 coordinated the City Export Processing Zone and Industrial Park Authority (HEPZA) to launch a program for mobile price-stabilized goods at the Tan Thuan Export Processing Zone in District 7.

Vietnam and Malaysia still have large room to step up trade cooperation in such fields as food, beverages, and personal care products, heard the Malaysia-Vietnam Trade Promotion Programme held by the Malaysia Trade Office in Vietnam (Matrade) in Ho Chi Minh City on November 23.

The Korea Trade-Investment Promotion Agency (KOTRA) has announced that it is running an event to promote the Republic of Korea (RoK)’s high quality consumer products in Vietnam at the Estella Place shopping mall in Ho Chi Minh City and Shopee e-commerce platform.

On November 22, Lenger Vietnam Seafood Company Limited, headquartered in An Xa Industrial Cluster, Nam Dinh Province, held a ceremony to export the first container of canned clam to Europe.

In the last 4 consecutive months, from July, iron and steel export turnover reached more than 1 billion USD a month, according to statistics of the General Department of Vietnam Customs.

G Market integrates technology, supply chain solutions and new retail operations processes into a digital shopping experience that is practical and yet close to customers.

As the only market with increasing tuna export turnover, the Chinese market is the focused of 23 Vietnamese tuna exporters.

Businesses in the Mekong Delta province of Tien Giang have adopted various ways to quickly restore production and business while ensuring pandemic prevention, according to Nguyen Thanh Liem, deputy head of the provincial management board for industrial zones.

Vietnamese Ambassador to Australia Nguyen Tat Thanh attended a ceremony to inaugurate the Vietnam-Australia Trade and Investment Promotion Centre on November 20.

In the first nine months of 2021, Taiwan (China) imported 60,700 tons of vegetables from Vietnam, worth 40.3 million USD, up 81.6% in volume and 68.9% in value compared to the same period last year, reported Industry and Trade Newspaper.

So far, the Mekong Delta province of Long An has basically controlled the epidemic and all production and business activities have returned to normal. The province collected nearly 15.6 trillion VND to the state budget and attracted more than 3.2 billion USD of foreign investment.

The Ministry of Industry and Trade (MoIT) has forecast that total import-export revenue this year may reach a new record, at between 640 - 645 billion USD, with a slight trade deficit.

The People Committee of northern Hung Yen province has issued a decision on the establishment of an industrial park of the Vietnam - Republic of Korea (RoK) economic cooperation.

A programme on branding and market development for Vietnam’s frozen tra and basa (Pangasius) is being held in Australia in November and December.

Deputy Prime Minister Le Van Thanh has requested Long Thanh International Airport project to be accelerated so that its first phase could be completed in January 2025.

The southern province of Binh Duong attracted 59 foreign direct investment (FDI) projects in the first 10 months of this year, a local official told a conference on November 19.

Nam Son Co., Ltd and Asia Tea of Vietnam will supply tea to Kong Wooi Fong Tea Merchants Sdn Bhd based in Malaysia under a contract worth up to 2 million USD.