Trade – Investment

The Vietnam Trade Office in Australia and the Ministry of Industry and Trade have just reported that Australian consumers have rated frozen Vietnamese dragon fruit “5 stars” on Woolworths (the online shopping site of Australia’s largest supermarket chain).

The Management Board of Hai Phong Economic Zones on September 27 handed over an investment certificate on a project building terminals 5 and 6 in Hai Phong Port’s Lach Huyen port area to HATECO Group JSC.

Vietnam’s seaports handled in excess of 537.7 million tonnes of goods in the first nine months of the year, posting a year-on-year rise of 3 percent, according to the Vietnam Maritime Administration.

Prime Minister Pham Minh Chinh on September 26 presided over an online meeting with representatives of the business circle and localities to discuss measures to continue supporting firms in the context of the COVID-19.

Vietnam exported to France 2,860 tonnes of pepper for 8.18 million EUR (9.6 million USD) in the first 7 months of this year, up 28.6 percent in volume and 44.3 percent in value against a year earlier, according to the Ministry of Industry and Trade’s Agency of Foreign Trade.

Vietnam exported 23,510 tonnes of rubber worth 41.87 million USD to the US in the first 7 months of 2021, up 61 percent in volume and 92.3 percent in value year-on-year.

A number of Russia businesses displayed Vietnamese foods and agricultural products at the 30th International Food Exhibition (WorldFood 2021) in Moscow from September 21 - 24, which attracted over 600 businesses from 30 other countries worldwide.

The Hai Phong Port Joint Stock Company has just successfully welcomed three container ships of Maersk Line to dock at Tan Vu Port Branch - Hai Phong Port.

A number major construction projects in Thu Duc city were restarted on September 23 in order to carry out the task of "dual goals" to prepare for economic recovery activities, as well as ensure safety to prevent and control the COVID-19 epidemic.

Ho Chi Minh (HCM) City is planning to resume the economy based on the principle of safety and flexibility in accordance with the results of the COVID-19 epidemic prevention and control, gradually adapting to the epidemic to move towards reopening all production and business activities from January 15, 2022.

Agro-forestry-fisheries export value increased by 21.6% to 32.1 billion USD in the first eight months of this year, according to the Ministry of Agriculture and Rural Development.

A teleconference between the Prime Minister and the business community, localities will take place in Hanoi on September 26 to discuss support for enterprises amid COVID-19 pandemic, reported the Vietnam Chamber of Commerce and Industry (VCCI).

Vietnam’s export and import turnover totalled 26.45 billion USD from 1 to 15 September 2021, according to statistics recently released by the General Department of Customs.

An online conference was held by the Ministry of Industry and Trade’s Trade Promotion Agency, the Embassy of Vietnam in Chile, and the Chilean Chamber of Commerce on September 23-24 to promote trade and cooperation between businesses of the two countries.

The Online Business Matching event will take place on October 15, jointly organized by Informa Markets Vietnam and the Japan External Trade Organization (JETRO).

Despite COVID-19 impacts, foreign direct investment (FDI) inflows into Vietnam during the first nine months of this year rose 4.4 percent year on year to 22.15 billion USD, reported the Foreign Investment Agency under the Ministry of Planning and Investment.

The PetroVietnam Gas Joint Stock Corporation (PV GAS) and US-based AES Corporation signed a joint venture agreement on the establishment and operation of Son My LNG port warehouse limited company in New York on September 22 (local time).

Australian people will have a chance to taste Vietnamese cashew nuts in a programme which will be held by the Vietnam Trade Office in Australia from September 25 – October 2.

An online trade conference on boosting investment link between Vietnam and Japan was held on September 22, gathering representatives from more than 400 Japanese firms and Vietnamese industrial parks and businesses.

Vietnam and the US signed a Memorandum of Understanding (MoU) on technical cooperation between the Ministry of Agriculture and Rural Development (MARD) and the US Grains Council (USGC) in Washington on September 22.

Vietnam will work to create an open and transparent business environment and offer favourable conditions for US investment projects in the country, said Minister of Industry and Trade Nguyen Hong Dien.

Vietnam’s export turnover is forecast to surpass 315 billion USD this year, which, however, requires more drastic measures.

(CPV) - As of September 17, the system of the Vietnam Bank for Social Policies (VBSP) approved 746 applications from employers for loans of more than VND 392 billion to pay salaries for 112,397 employees.

President Nguyen Xuan Phuc witnessed the signing of an agreement worth nearly 2 billion USD between Vietnam’s Bamboo Airways and the General Electric’s GE Aviation in New York on September 21.

Many foreign-invested enterprises tend to bring their own workers to Vietnam for work, particularly for management positions, due to the high requirements for qualifications, expertise and skills, especially differences in language and culture.

Authorities in the northern province of Quang Ninh on September 19 to present an investment registration certificate to a 365.6 million USD project of Jinko Solar Vietnam Co. Ltd., an affiliate of the Jinko Solar Holding Co. Ltd.

The positive achievements in socio-economic development in 2020 amid the prevalence of COVID-19 have offered Vietnam a further premise for the successful realisation of its socio-economic development targets this year.

Vietnamese Ambassador to France Dinh Toan Thang has a working visit to Saône-et-Loire province within a programme on investment and trade promotion and cultural exchange with French localities.

Vietnam and Cuba see ample room for trade growth as two-way trade is valued at just about 200 million USD annually.

Minister of Industry and Trade Nguyen Hong Dien has committed close collaboration with the Cuban Embassy in Vietnam to effectively carry out bilateral cooperation activities, contributing to deepening Vietnam – Cuba economic and trade ties.