Trade – Investment

As of July 15, Vietnam’s exports of auto parts and vehicles to foreign countries reached more than 5.9 billion USD, of which auto parts accounted for 3.7 billion USD, according to data of the General Department of Vietnam Customs.

Special factors that make Vietnam more attractive to foreign investors than other production locations in Southeast Asia have been analyzed in a recent article by Vietnam Briefing, investment page of Dezan Shira & Associates group.

Vietnam's footwear exports brought home 11.27 billion USD from the start of the year to July 15, a year-on-year surge of 28.36 percent, according to the General Department of Vietnam Customs.

Vietnam and Laos continued to enjoy growth in import-export revenue in the first half of 2021 compared to the same period last year.

Vietnam was named among the world’s top 20 host economies for foreign direct investment for the first time in 2020 with an inflow of 16 billion USD.

Germany has pledged to provide 50 million EUR (58.8 million USD) in official development assistance (ODA) loans and another 63.559 million EUR in non-refundable ODA for 14 technical assistance and investment projects in Vietnam this year.

The total volume of cargo handled at Vietnamese seaports is estimated to reach more than 425 million tonnes in the first seven months of 2021, up 6 percent over the same period last year, according to the Vietnam Maritime Administration (VMA).

The Vietnam Trade Office in Australia is organising a Vietnamese dragon fruit week in large Australian cities from July 21 to August 10 to promote the export of the fruit.

The commercial affairs office of the Vietnamese Embassy in the Republic of Korea (RoK) has cooperated with a number of overseas Vietnamese businesses to participate in the 2021 Import Fair in Seoul.

Vietnamese longan has been exported to many fastidious markets such as the US, Japan, the Republic of Korea, the EU and Australia.

The total export and import value of goods in June reached 54.86 billion USD, up 0.7% from the previous month, according to statistics of the General Department of Customs.

In June 2021, the number of CBU (completely built-up) cars of all types registered for customs declarations for import decreased slightly by 1.8% (equivalent to 284 units) from the previous month, according to preliminary statistics of the General Department of Customs.

By the end of June 2021, the urban system nationwide has 867 urban centers. Of which, there are 2 special-class urban centers, 22 grade 1, 32 grade 2, 48 ​​grade 3, 89 grade 4 and 674 grade 5 centers, according to the Ministry of Construction.

The northern mountainous province of Son La held a ceremony on July 21 to grant a Trademark Registration Certificate to Son La longan, and export a batch of Song Ma - Son La longan to the EU and UK markets.

The socio-economic situation was kept stable and recorded positive results in different fields during the first half of 2021, Deputy Prime Minister Pham Binh Minh told the ongoing first session of the 15th National Assembly (NA) on July 22.

The total weight of goods imported and exported through the Mong Cai international border gate from January 1 to July 18 reached more than 1 million tons, up 89.2% over the same period last year, according to its management board.

(CPV) – The Government leader has issued Decision 1229/QD-TTg establishing the Management Board of Economic Zones (EZs) and Industrial Zones (IZs) of the central province of Quang Nam on the basis of reorganizing the Management Board of the Chu Lai open EZs.

So far, Bac Ninh has had a total of 1,674 valid FDI projects with a total registered investment capital of 20.14 billion USD, ranking 7th in the country in terms of investment capital.

Vietnam is expected to rake in 4 billion USD from fruit and vegetables exports this year if the H1 pace is maintained in the second half of this year.

(CPV) - The Government leader has issued Decision 1162/QD-TTg approving a trade development program in remote, mountainous areas and islands for the 2021-2025 period.

In the context of the complicated developments of the COVID-19 epidemic, the wood industry still achieved impressive growth in the first half of the year, achieving 61% of the total turnover of 2020.

With the annual import value of vegetables and fruit amounting to more than 6 billion pounds (equivalent to 8.4 billion USD), the United Kingdom is a promising market for vegetables and fruit of Vietnam, heard a webinar organised by the Vietnam Trade Office in the UK.

The total volume of cargo handled at Vietnamese seaports is estimated to reach more than 425 million tonnes in the first seven months of 2021, up 6 percent over the same period last year, according to the Vietnam Maritime Administration (VMA).

(CPV) - The Vietnamese Ministry of Agriculture, in cooperation with the United Nations and the World Bank, on July 16, organized the second national dialogue to discuss opportunities, challenges, vulnerabilities and gaps affecting Vietnam’s national food systems.

(CPV) – In order to diversify agricultural products and find export development opportunities, the Vietnam Trade Office in Australia has researched and implemented a program to build the trademark and promote the consumption of Vietnamese fresh ginger in the market.

The Ho Chi Minh city Post Office has organized the supply of goods, food and foodstuff at 201 places in the locality, said the Vietnam Post Office Corporation on July 14.

Japanese-based retail giant AEON is planning to use its commercial network to export Vietnamese longan to neighbouring Asian nations, according to Yuichiro Shiotani, General Director of the AEON TOPVALU Vietnam Co. Ltd.

Total state budget collection managed by the tax sector was estimated at 656.37 trillion VND in the first half of 2021, achieving 58.8% of the annual estimate; of which, domestic revenue reached 637.64 trillion VND, equivalent to 58.3% of the estimate, according to the General Department of Taxation.

The Ministry of Industry and Trade and the northern province of Hung Yen will organise a largest-ever international conference to promote longan and other local agricultural products on July 15.

In June 2021, Vietnam’s fruit and vegetable exports reached more than 356 million USD, up 38% over the same period last year, bringing the figure for the first half of the year to over 2.06 billion USD, up 17.4% year on year, according to the Ministry of Agriculture and Rural Development.