Trade – Investment

Swiss projects covered 13 industries in Vietnam and mostly focused on the manufacturing and processing industry with 52 projects, with a registered capital of 1.73 billion USD, accounting for 93.31% the total investment.

In July 2021, Ho Chi Minh City focused on promoting a series of COVID-19 disease prevention and control measures, especially social distancing in accordance with Directive 16 of the Prime Minister, so the city only greets domestic tourists, according to the city Department of Tourism.

(CPV) – Hanoi is implementing a series of solutions to ensure the supply and demand of goods for people during the lockdown as 20 markets, 52 supermarkets and convenience stores had to close due to the related COVID-19 cases, according to the city Department of Industry and Trade.

(CPV) - Vietnam earned 28.6 billion USD from exporting agricultural, forestry and fishery products in Jan-July 2021, a year-on-year rise of 26.7%, in which trade surplus reached about 3.9 billion USD, according to the Ministry of Agriculture and Rural Development.

A business networking conference was organised virtually on August 5 to seek ways to boost the export of dragon fruit to India and Pakistan amid difficulties due to impacts of the COVID-19 pandemic.

The Mekong Delta province of Tien Giang pocketed 1.96 billion USD from exports in the first seven months of 2021, up 19.8 percent year-on-year and equal to 60.2 percent of the yearly plan, said Acting Director of the provincial Department of Industry and Trade Dang Van Tuan.

The national plan on e-commerce development in the 2021-2025 period is integrated with current Vietnamese strategies and policies on participating in the Fourth Industrial Revolution toward developing a digital economy and promoting national digital transformation.

(CPV) - The Vietnam Bank for Social Policies (VBSP) has approved 125 applications for loans from employers for an amount of over 99 billion VND to pay salaries for 29,619 employees in accordance with Decision 23 of the Government leader.

The Ministry of Finance (MoF) is proposing a 30 percent reduction in the corporate income tax which enterprises must pay in 2021 in a draft resolution on budget collection solutions which is to be submitted to the National Assembly’s Standing Committee for approval.

Vietnam has surpassed Bangladesh as the world’s second largest exporter of ready-made garments (RMG), Fashion United, an international B2B fashion platform, quoted the World Trade Statistical Review 2021 released by World Trade Organization (WTO).

The national consumer price index (CPI) in July grew by 0.62 percent against June and 2.64 percent year-on-year, according to the General Statistics Office (GSO).

The Vietnam Dairy Products JSC – Vinamilk, the largest dairy company in Vietnam, posted a record high in net revenue of 15.71 trillion VND (682.57 million USD) in the second quarter of 2021, a year-on-year rise of 1.4 percent, according to its financial report.

July’s Consumer Price Index (CPI) picked up 0.62 percent month on month and 2.64 percent against the same month last year, the General Statistics Office (GSO) announced on July 29.

The European-American Market Department under the Ministry of Industry and Trade (MoIT) announced that the Office of the United States Trade Representative (USTR) has issued a formal conclusion of the investigation under Section 301 of the 1974 Trade Act into the acts, policies and practices of Vietnam related to the valuation of Vietnam’s currency.

(CPV) - As of July 26, the Vietnam Bank for Social Policies (VBSP) has approved loans to 39 employers with over VND 45 billion to pay salaries for over 12,000 employees.

The UK now has great demand for high-quality agricultural products and the Vietnam Trade Office is ready to support businesses to find opportunities at the market, said Trade Counselor Nguyen Canh Cuong from the Vietnam Trade Office in the UK and Northern Ireland.

Vietnam attracted 16.7 billion USD in foreign direct investment (FDI) in the first seven months of this year, down 11.1 percent from the same period last year, data from the Ministry of Planning and Investment shows.

Vietnamese investments overseas soared 125.4 percent year-on-year to 570 million USD in the first seven months of 2021, the General Statistics Office (GSO) announced on July 29.

Chairman of the Ho Chi Minh City People’s Committee Nguyen Thanh Phong has just signed a decision to establish an advisory group for policies on epidemic prevention and economic recovery in the city.

Two US enterprises, INTEX Development Co., Ltd. and Vector Fabrication, have registered to invest more than 70 million USD in the central city of Da Nang.

As of July 20, the realized capital of foreign direct investment projects was estimated at 10.5 billion USD, up 3.8% over the same period last year, according to the latest data of the Ministry of Planning and Investment.

(CPV) - The total import and export value of Vietnam’s goods in the first half of July 2021 reached 27.39 billion USD, a decrease of 4.8% (equivalent to 1.39 billion USD) compared to the second half of June 2021, according to the latest preliminary statistics of the General Department of Vietnam Customs.

(CPV) – The Bac Ninh provincial Bank for Social Policies has signed a contract of credit and loans disbursement to pay salaries for work stoppage and production resumption.

The Hanoi Department of Transport has allowed six traffic construction works to continue during the implementation of social distancing in the city.

(CPV) - Vietnam’s trade deficit from ASEAN markets in the first half of 2021 reached 7.3 billion USD, much higher compared to the 3.2 billion USD of the same period last year, according to the latest data of the General Department of Vietnam Customs.

The Hanoi Department of Industry and Trade has announced a list of locations selling essential consumer goods within the system of traditional markets, supermarkets and trade centres in Hanoi.

Nearly 25 Vietnamese companies exporting basa fish have withdrawn from the EU market since the beginning of the year.

The south central province of Binh Thuan, one of the four largest fishing grounds in Vietnam, has achieved many positive achievements amid the pandemic.

(CPV) - Ten member countries in ASEAN are working together to prepare and get ready for ASEAN Online Sale Day on August 8, 2021, according to the Ministry of Industry and Trade.

The Electricity of Vietnam (EVN) group said that it has signed a power purchase agreement (PPA) with 144 wind power plant projects, with a total capacity of more than 8,144MW.