Trade – Investment

Facing the complicated development of the COVID-19 epidemic, the Vietnam E-commerce and Digital Economy Agency under the Ministry of Industry and Trade has coordinated with major e-commerce platforms to implement a plan to increase the supply of essential goods to Ho Chi Minh City and southern provinces.

The State Bank of Vietnam set the daily reference exchange rate at 23,198 VND per USD on July 12, down 3 VND from the last working day of previous week (July 9).

Vietnam’s economy is expected to grow by between 6-6.5 percent over the next decade, and at this pace, it will surpass Singapore by 2030, DBS Bank experts have said.

Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu has asked the Vietnam Banks Association (VNBA) to campaign lenders to slash interest rates immediately this month.

E-commerce platforms must be electronically connected with tax management agencies from the beginning of next year, not from next month, as the tax watchdog aims to better collect taxes from sellers operating on the platforms.

The 2021 Thieu lychee crop has generated over 6.8 trillion VND (over 296 million USD) in revenues from fruit sales and related services for the northern province of Bac Giang, according to the provincial People’s Committee.

The southern province of Dong Thap launched a website to sell the provincial agricultural products and specialties at htxdacsandongthap.com on July 7.

The strengthening of trade exchange between Vietnam and India not only by the traditional method but also in the online format has contributed to promoting the comprehensive strategic partnership between the two countries, said Hoang Minh Chien, deputy head of the Vietnam Trade Promotion Agency (VIETTRADE) under the Ministry of Industry and Trade.

Vietnam's total import-export revenue was estimated at more than 316.7 billion USD in the first six months of 2021, according to the General Statistics Office.

The Vietnam – Korea Business Forum with the theme of “Cooperation for a sustainable future” was held virtually on July 8.

(CPV) - Policy credit capital continues to actively support poor households to develop production and business, and assist people to overcome the impact of the COVID-19 epidemic.

The Vietnamese Goods Week at the Aeon supermarkets system in Japan is an annual activity co-hosted by the Ministry of Industry and Trade, the Hanoi People’s Committee and Japan’s Aeon Group.

Ho Chi Minh (HCM) city needs to continue to have solutions and policies to support businesses, especially small and medium enterprises, in order to maintain recovery of industrial production with positive growth.

(CPV) - The Asian Development Bank (ADB) has approved a USD4.6 million technical assistance to help the Government of Viet Nam to strengthen public–private partnerships (PPPs), private sector development, and state-owned enterprise (SOE) reform.

The Consumer Price Index (CPI) rose 1.47 percent year-on-year in the first half of this year, the lowest since 2016, according to the General Statistics Office.

A webinar aimed at promoting the export of fresh fruit and processed fruit products from the nation to distribution systems of the Republic of Korea (RoK) is set to take place between July 27 and July 29.

Industrial parks (IPs) and economic zones in the northern province of Quang Ninh have so far attracted over 22.4 trillion VND (Over 970 million USD) in the first six months of 2021.

Vietnam’s aquatic product export in the first half of this year exceeded 4.1 billion USD, the Vietnam Association of Seafood Exporters and Producers (VASEP) released.

Singaporean firms were briefed on Vietnam’s investment environment and incentives to attract foreign investors at a webinar held by the Singapore Business Federation (SBF) on July 2.

Foreign investors have poured 15.27 billion USD of investment in Vietnam so far this year, equivalent to 97.4 percent of the amount recorded in the same period last year, according to the Ministry of Planning and Investment.

The price index of restaurant and catering service groups increased by 0.38%, of which food increased by 0.46% due to the high demand for people to buy stocks to limit movement and prevent the COVID-19 epidemic.

(CPV) – Hanoi’s Consumer Price Index (CPI) in June increased by 0.2% from the previous month and soared by 1.98% compared to the same period last year, according to the General Statistics Office.

(CPV) - The Hanoi People's Committee has issued Plan 153/KH-UBND on perfecting institutions and policies, improving the quality and efficiency of foreign investment cooperation by 2030.

The Saigon Union of Trading Co-operatives (Saigon Co.op) has added about 7,000 essential products on https://cooponline.vn to quickly meet the sudden increase in online orders, especially in Ho Chi Minh city.

(CPV) - The Ministry of Agriculture and Rural Development suggested that Hanoi should focus on building linkage chain in some areas of livestock, farming and fisheries, not spreading them out.

The impact of the COVID-19 epidemic and China’s tightening inspection of frozen seafood imports from other countries have created two clear trends in Vietnam's seafood exports to this market.

Vietnam’s overseas investment capital reached nearly 547 million USD in the first half of 2021, a 2.5-fold increase compared to the same period last year, according to the Ministry of Planning and Investment.

The northern province of Bac Ninh has just issued a document allowing all companies to reopen, except for those with F0 cases and not meeting the requirements of epidemic prevention and control.

The Ministry of Industry and Trade (MoIT) and the Ministry of Finance (MoF) announced the adjustment of petrol prices at 3pm on June 26.

(CPV) – Public investment disbursement in the agricultural sector reached about 3.52 trillion VND (152.98 million USD) in the first half of 2021, fulfilling 35.83% of its yearly target, according to the Ministry of Agriculture and Rural Development (MARD).