Trade – Investment

Thu Duc will be a grade-1 city under the administration of HCM City. It will be developed following an innovative and highly interactive urban model, and will be the eastern centre of HCM City in terms of economy, science and technology, culture, education and training.

In the first half of 2021, Vietnam surpassed Thailand to become the largest supplier of tuna to Israel, accounting for nearly 31% of the country’s total tuna import value, according to the International Trade Centre.

Canberra-based Mekong Organics held a ceremony on September 15 to launch the “Promoting organic food certification & trade between Australia and Vietnam” project which is supported by the Australian Government.

To achieve its ambition to become a modernity-oriented industrialised nation by 2030 and a developed country with high income by 2045, Vietnam must succeed in the digital transformation process, in which agriculture is one of the priority areas, Minister of Foreign Affairs Bui Thanh Son said on September 16.

Vietnamese food and farm produce have gained popularity in the Chinese market thanks to their quality and improved supplies, said deputy head of the Ministry of Industry and Trade’s Vietnam Trade Promotion Agency (VIETRADE) Le Hoang Tai.

Vietnam’s coffee exports to the Republic of Korea (RoK) are forecast to grow in the near future as the RoK’s demand for the product has been on the rise, according to experts.

Ho Chi Minh (HCM) City has proposed more than 17.234 trillion VND to invest in three urgent key projects, namely the HCM City - Moc Bai expressway, the improvement of Xuyen Tam Canal and the improvement of the Hy Vong Canal.

After transportation places in Binh Dien Market were put into operation, Ho Chi Minh City continues planning to open more gathering and transhipment points at the Hoc Mon Market, ensuring the conditions for the COVID-19 epidemic prevention and control.

The State Capital Investment Corporation (SCIC) has disbursed nearly 6.9 trillion VND to buy shares to hold at least 31.08% of the charter capital of Vietnam Airlines Corporation-JSC (VNA).

Vietnamese enterprises invested 575 million USD abroad in the January-August period, up over 74 percent over the same period last year, according to the Ministry of Planning and Investment's data.

Vietnam earned 2.19 billion USD from exporting 240,000 tonnes of shrimp in the first seven months of 2021, up 15.5% in volume and 16% in value over the same period in 2020.

The northern province of Thai Binh has rolled out policies in promoting the development of the industrial sector at large and supporting industries in particular, with priorities given to garment-textile, mechanics and electrical/electronic devices.

Deputy Prime Minister Le Van Thanh has asked the southern province of Dong Nai to focus on completing ground clearance to speed up the progress of the first phase of the Long Thanh International Airport project.

The US Department of Commerce (DOC) has announced the preliminary results of the 17th period of review (POR17) for the period from August 1, 2019 to July 31, 2020, regarding Vietnam’s tra and basa fish (pangasius) exported to the US.

Cai Lan International Container Terminal (CICT) in the northern province of Quang Ninh on September 14 welcomed the Marshall Islands-flagged Synergy Busan with a loading capacity of over 50,000 tonnes, the first container ship of Maersk Lines to dock in the port.

Deputy Prime Minister Pham Binh Minh on September 14 chaired a meeting of the PM's special working group on removing bottlenecks and promoting the implementation of investment projects across the country.

A Czech Republic-Vietnam trade forum was held in Brno City, the capital of the South Moravian Region on September 10, aiming to provide local enterprises with information on Vietnam’s business environment.

National Assembly Chairman Vuong Dinh Hue witnessed the handover of donations of medical supplies to Vietnam and the signing of several agreements between Vietnamese and European businesses at a ceremony held in Helsinki on September 11, as part of the top legislator's official visit to Finland.

Vietnam-China import-export turnover maintains growth momentum

An online seminar to discuss opportunities for cooperation in the field of agriculture and agricultural products business between Vietnam and the US was held on September 9-10.

Cai Mep International Terminal (CMIT) has successfully received the Cosco Shipping Aquarius with a tonnage of 197,049 DWT (equivalent to 20,119 TEUs). This is the largest-ever container ship docking in Vietnam.

A webinar on Vietnam – Africa agricultural cooperation for sustainable development took place on September 9 in search of a dynamic and creative collaboration model for the two sides.

Vietnamese Minister of Industry and Trade Nguyen Hong Dien recently held phone talks with US Secretary of Commerce Gina Raimondo to discuss bilateral economic and trade issues.

On September 9, in Brussels, Minister of Industry and Trade Nguyen Hong Dien received Mr. Jerome Pero, Secretary-General of the Federation of the European Sporting goods Industry (FESI), and a representative of the Nike Group.

The research team of the University of Economics and Law (VNU-HCM) has revealed solutions to create the driving force for economic recovery in Ho Chi Minh City during the 4th COVID-19 outbreak.

By the end of August, credit of the economy increased by about 7.4% compared to the beginning of 2021, according to the State Bank of Vietnam.

Cambodian Minister of Agriculture, Forestry and Fisheries Veng Sakhon said that 99% of the country’s cashew exports are shipped to Vietnam, or nearly 870,000 tons.

Le Hoang Tai, Vice Director of the Vietnam Trade Promotion Agency (Vietrade) under the Ministry of Industry and Trade, unveiled the information during a virtual conference on Vietnamese spices and seasonings hosted by Vietrade on September 8.

National Assembly (NA) Chairman Vuong Dinh Hue hosted separate receptions for representatives of several economic groups in Belgium on September 8 as part of his working trip to the European Parliament and Belgium.

Despite facing complicated developments caused by the COVID-19 pandemic, there remains bright spots for local agricultural exports, such as cashew nuts, pepper, rubber, rice, and coffee to the Turkish market, according to the Vietnamese trade office in Turkey.