Trade – Investment

Hanoi took the lead in terms of the number of products meeting OCOP (one product one commune) standards.

Australia imported 6 tons of tea from Vietnam in the first half of 2021, worth 74,000 USD, up 62.1% in volume and 85% in value compared to the same period last year. Currently, both black and green Vietnamese tea are gaining favour in the market.

The agriculture sector became the economy's bright spot in the first seven months of this year, posting a trade surplus of 3.9 billion USD in the period.

Authorities of the south-central province of Quang Nam and the neighbouring Lao province of Sekong co-held a ceremony to officially launch the pair of Nam Giang – Dakta Ok international border gates on August 14.

(CPV) - Bac Ninh strives to improve its Provincial Competitiveness Index (PCI) in the 2021-2025 period and improve its score on the Market Entry Index in 2021 to more than 8.0 points.

The Indian Ministry of Finance has decided not to impose anti-dumping duty on several types of medium density fiber (MDF) boards with a thickness of less than 6mm imported from Vietnam, Thailand, Malaysia and Indonesia, according to the Trade Remedies Authority of Vietnam.

In the first half of 2021, bilateral trade turnover between Vietnam and the US has grown well and reached more than 50 billion USD, according to the General Department of Vietnam Customs.

(CPV) – Ho Chi Minh City has proposed a loan worth 5.7 trillion VND for the Metro Line 2 (Ben Thanh - Tham Luong) project.

Seafood enterprises exported 70,000 tons of pangasius products valued at 148 million USD in July 2021, according to the Ministry of Agriculture and Rural Development.

The Banking Association of 16 largest banks has agreed to further reduce interest rates for subjects, depending on the difficulty level, with a committed further interest rate reduction worth VND 20.5 trillion.

Vietnamese automaker VinFast plans to launch three new electric car models from 2023, including VF e32, VF e33 and VF e34P, corresponding to segments A, B and C, according to a published document for investors in the second quarter of this year on its official website.

A website featuring One Commune, One Product (OCOP) products of Hanoi has been launched, announced the city’s Coordination Office for New-style Rural Area Building on August 12.

The Vietnam Trade Office in Hong Kong is displaying food products at Hong Kong Food Expo 2021 which is taking place from August 12 -16.

The Canada Border Service Agency (CBSA) has made the final determination on its investigation into the dumping and subsidising of certain upholstered domestic seating from China and Vietnam, according to the Ministry of Industry and Trade’s Trade Remedies Authority of Vietnam (TRAV).

Seafood enterprises exported 70,000 tons of pangasius products, valued at 148 million USD, in July 2021, according to the Ministry of Agriculture and Rural Development.

More than 15 tons of frozen Vietnamese durian exported to Australia was sold out within just 2 days of distribution. In addition, 45 tons of Ri6 durian, despite being transported by sea to Australia, has been ordered by stores in the country.

The Vietnam Electricity Group (EVN) on August 10 signed 3 Memorandum of Understandings (MoUs) on cooperation in research, purchase and sale of electricity with hydropower investors in Laos.

The Finance Ministry has suggested battery-powered cars are subject to the first-time registration fee at half of that for fuel-powered ones with the same number of seats.

Many businesses from Guangzhou city of China have shown their interest in importing Vietnamese aquatic products, according to Le Hoang Tai, Vice Director of the Vietnam Trade Promotion Agency (Vietrade) under the Ministry of Industry and Trade.

(CPV) - The exhibition offers opportunities to promote high-quality products of Vietnamese enterprises to the Singapore market, focusing on processed foods and Halal foods.

(CPV) – Exports of computers, components and electronic products for the whole year of 2021 will likely reach about 50 billion USD, up 13.5% from a year earlier, despite the fluctuations of the COVID-19 epidemic worldwide.

The Ho Chi Minh (HCM) City Customs Department has established 2 working groups to support businesses, including: Group 1080 to quickly respond on issues related to customs clearance, and Group 1081 to prevent congestion of goods at border gates.

(CPV) - The latest data showed that after nearly 1 month of providing loans to pay salaries for job stoppage and production resumption in accordance with Decision 23 of the Government leader, by August 5, the Vietnam Bank for Social Policies (VBSP) system approved 212 applications for loans from employers for nearly 145 billion VND to pay salaries for 40,756 employees.

The national index of industrial production (IIP) increased 7.9 percent year-on-year in the first seven months of this year, according to the General Statistics Office.

Director of the Vietnam Chamber of Commerce and Industry in the Mekong Delta city of Can Tho Nguyen Phuong Lam and Netherlands Ambassador Elsbeth Akkerman have signed an Action Programme of the Vietnam-Netherlands Business Platform for the Mekong River Delta.

The Coordinating Office of the New Rural Development Programme in the central province of Thanh Hoa said on August 4 that the locality recently evaluated and classified One Commune, One Product (OCOP) products for the third stage this year.

Fisheries exports declined 4 percent year on year in July after surging 15 percent to earn 4.1 billion USD in the first half of 2021 as the COVID-19 outbreak has forced many seafood processing plants in the south to suspend production, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

The Department of Agriculture and Rural Development of Ca Mau province will popularise Vietnamese good agricultural practices (VietGAP) and organic standards in order to increase the value and yield of its bananas.

Vietnam's overseas investment rose by 2-3 times in the first seven months of this year, according to the Ministry of Planning and Investment.

A conference to seek buyers of agricultural products and launch the harvest of longan for export in 2021 was jointly held on August 5 by the Departments of Agricultural and Rural Development and Industry and Trade, and the authority of Chi Linh city of the northern province of Hai Duong.