Trade – Investment

Although the economic situation is affected by the COVID-19 epidemic, investment attraction in industrial parks in the southern province of Dong Nai still achieved positive results, said Mr. Le Van Danh, deputy head of the provincial Industrial Zones Authority.

Trung An Hi-tech Farming Joint Stock Company (JSC) in the Mekong Delta city of Can Tho has again won a bid to sell 15,000 tons of 100% broken rice to the Korean market. This is the third time the company has won a bid to sell rice to this country since the beginning of the year.

Vietnam’s overseas investment totalled 646.03 million USD in the first ten months of 2021, up 35.1 percent year-on-year, data from the Ministry of Planning and Investment showed.

Although Vietnamese shrimp exports to the Republic of Korea (RoK) have decreased slightly in volume and value, they still account for more than half of the country’s shrimp imports.

Cashew nuts imported from Vietnam into China increased sharply in turnover in the first 9 months of 2021, helping Vietnam gain share in the market of billions of people.

A pitching day to promote trade connection between small medium-sized enterprises (SMEs) of Vietnam and the Chungcheong region of the Republic of Korea (RoK) took place both in face-to-face and online forms in Daejeon city on November 16.

The IHS Markit Vietnam manufacturing purchasing managers' index (PMI) for October 2021 showed a strong rebound in the manufacturing sector, the UK-based market research firm said in a recent analysis published on ihsmarkit.com.

The THACO Automotive Interior Components Manufacturing Company recently shipped over 59,000m of hydroponic plastic pipes to Israel, completing the order of 122,600m of the product from Liba B.G Yeda Co., Ltd.

The continued investment inflow into Ho Chi Minh City's industrial zones (IZ) indicates many positive signs moving forward, according to the Management Board of HCM City Export Processing Zone and Industrial Park Authority (HEPZA).

The Hanoi Department of Industry and Trade held a ceremony to launch the “Stimulating beautiful homes, shopping tourism and Hanoi’s traditional products” programme at the Big C Thang Long supermarket, No. 222 Tran Duy Hung, on the evening of November 12.

Lawmakers adopted Resolution on economic restructuring plan for the 2021-2025 period with 460 out of 465 approval votes during the ongoing second session of the 15th legislature in Hanoi on November 12.

The 15th National Assembly on November 12 adopted a resolution on the 2022 socio-economic development plan with all 472 legislators joining the vote saying "yes".

The building of economic recovery solutions will depend on the development of COVID-19, the progress of vaccination and the capacity of supplying COVID-19 treatment medicine when the country switches to the new normal situation, said Minister of Planning and Investment Nguyen Chi Dung.

The Bac Giang People’s Committee has coordinated with the Ministry of Industry and Trade, and Ministry of Agriculture and Rural Development to organize a conference to promote the consumption of oranges, pomelos and other key and typical agricultural products.

The Ho Chi Minh City Steering Committee for COVID-19 Prevention and Control held a press conference on November 11 to inform about the situation of epidemic prevention and control in the city.

The Hanoi City People’s Committee has held a ceremony to honor 213 products and services as top Vietnamese products loved by consumers.

Besides the difficulties brought about by the COVID-19 pandemic, economic policies, sharp increase in raw material prices and shortage of skilled workers are the top 3 business risks of German enterprises in Vietnam.

The Republic of Korea (RoK) is Vietnam’s fifth largest shrimp export market, accounting for 9.5% of the country’s total shrimp export value. Vietnam’s shrimp exports to the market, after declining in August due to social distancing to prevent the COVID-19 epidemic, showed signs of recovery in September and the first half of October this year.

Vietnam Manufacturing PMI surged to 52.1 in October 2021 from September's 16-month low of 40.2.

(CPV) - The Vietnam Bank for Social Policies (VBSP) in Hanoi said that the city has allocated a trust budget through the bank’s branch with an amount of VND 1.05 trillion VND.

Leaders of European business are more optimistic about Vietnam’s business environment after the social distancing period ends and the “new normal” of trade and investment starts, according to a statement recently released by the European Business Association (EuroCham) in Vietnam.

(CPV) - The Australian Embassy in Vietnam has announced the Australian Government would provide a 6.5 million-AUD Green Economic Recovery Package for Vietnam to respond COVID-19.

Vietnam enjoyed a year-on-year rise of 13.1 percent in the export revenue of agro-forestry-fisheries products in the first 10 months of this year to nearly 38.75 billion USD, according to the Ministry of Agriculture and Rural Development.

The northern province of Quang Ninh always prioritises calling for investment from and creating the most favorable conditions for investors from Taiwan (China), especially in the fields of processing, manufacturing, electronics and semiconductor industries in its industrial zones.

Six new airports will be built in the next 10 years, raising the total number of airports in the country to 28, haft of which are international airports, according to a master plan on the development of airports in the 2021-2030 period with a vision to 2050 that has been submitted to the Government by the Ministry of Transport.

Vietnam's exports reached 267.93 bln USD in the first ten months of this year, according to the General Statistics Office.

Standard Chartered Bank has identified Vietnam as one of priority destinations among emerging economies thanks to its development potential and open-door policy.

Ambassador Nguyen Hai Bang, Permanent Representative of Vietnam to ASEAN, attended the fifth meeting of the ASEAN-Germany Development Partnership Committee (AG-DPC) held virtually on November 5.

Prime Minister Pham Minh Chinh on November 5 received leaders of some major business and groups of France and Europe, including MSC and Airbus, during his official visit to France.

(CPV) - The United Nations Development Programme (UNDP) and the General Administration of Seas and Islands of Viet Nam (VASI) held a consultation workshop based on a report on blue economy scenarios for Viet Nam.