Trade – Investment

Japanese firm J-Power is taking necessary procedures for the investment of a nearly 3.2 billion USD Van Phong Combined Cycle Gas Turbine (CCGT) Power Plant project in Van Phong Economic Zone in the south-central province of Khanh Hoa, according to Vietnam News Agency.

This is the 14th consecutive year the VNR500 Ranking has been researched and published to honor the largest enterprises in Vietnam, making remarkable achievements, according to Vietnam News Agency.

The top 60 Vietnamese start-ups chosen from thousands of contestants competed at the semi-final round of the 2020 Vietnam Start-up Wheel contest in HCM City on November 13.

Vietnamese Prime Minister Nguyen Xuan Phuc has called for joint efforts from business communities in ASEAN member nations to build a resilient ASEAN with a spirit of cohesion and responsiveness towards effectively controlling the COVID-19 pandemic and promoting post-pandemic economic recovery.

The finance ministries of Vietnam and Poland have signed a memorandum of understanding (MoU) on cooperation in a range of fields between the two sides.

(CPV) - Vietnamese innovation leaders JunctionX and BKHolding, with the support of the Swedish Embassy in Hanoi, attended a digital event “Innovation Pioneers Summit 2020 – Changing the way we collaborate” on November 10-11.

The latest statistics from the Ministry of Finance showed that total State budget collection in the Jan-Oct period of 2020 was estimated at 1.13 quadrillion VND (48.7 billion USD), or 75.2% of the annual estimate, down 10.3% year-on-year, Vietnam News Agency has reported.

An international conference has been held to exchange information on market regulations and control imports and exports of fruits and vegetables between Vietnam and China.

​The management board of the Ho Chi Minh City Export Processing Zone and Industrial Park Authority (HEPZA) has held a conference to inform about the situation of export processing zones and industrial parks by the end of third quarter and plans for the fourth quarter.

(CPV) – The merger and acquisition (M&A) market in Vietnam will likely recover according to the V-shaped pattern in the period of 2021 – 2022 and achieve 4.5 to 5 billion USD in 2021 before rebounding stronger with the value of USD7 billion in 2022.

Despite the impact of COVID-19, the total amount of remittances into Ho Chi Minh City in the Jan-Oct period was estimated at 4.7 billion USD, significantly higher than the 4.2 billion USD of the previous 9 months, said the State Bank of Vietnam (SBV) branch in the city.

Industrial parks (IPs) and export processing zones (EPZs) in HCM City attracted investment totalling 591 million USD in the first 10 months of this year, an increase of 7.16 percent year-on-year, according to the HCM City Export Processing and Industrial Zones Authority (HEPZA).

Canadian ginseng was officially introduced to Vietnamese consumers for the very first time at an event in Hanoi on November 7.

Vietnam raked in about US$230 million from fruit and vegetable exports in October, bringing the total for the first ten months of the year to approximately US$2.72 billion, down 12.5% year-on-year, according to the Ministry of Agriculture and Rural Development (MARD).

Vietnamese tuna exports to the United States have enjoyed a sharp rebound following a period of enduring a constant decline, according to figures released by the Vietnam Association of Seafood Exporters and Producers (VASEP).

The CEO Forum 2020, scheduled on November 19 in Ho Chi Minh City, will highlight a debate on “New global supply chains”, said the organizers on November 3.

Prime Minister Nguyen Xuan Phuc has just signed Decision 1691/QD-TTg to adjust and supplement medium-term investment plans from the central budget for some ministries, sectors and localities.

Vietnam has nearly VND111,200 newly-established enterprises in the Jan-Oct period, a 2.9% decrease compared to the same period last year, according to the General Statistics Office (GSO).

In October alone, the implemented capital from the State budget is estimated to achieve 10.25% of the plan, recording a slight increase from the previous month, according to a socio-economic report of the General Statistics Office.

The consumer price index (CPI) in October 2020 has the same increase of 0.09% from the previous month, the lowest level in the 2016-2020 period, according to the General Statistics Office

The Industrial production index (IPI) in October rose 3.6% from the previous month and soared 5.4% compared to the same period last year, according the General Statistics Office

The 2020 Startup Youth Forum will be co-organized by the Ho Chi Minh Communist Youth Central Committee and Vietnam Youth Federation Central Committee in Hanoi, on November 15.

The Republic of Korea (RoK)’s LG Electronics and Trung Nam Land JSC inked an agreement on October 30 with a vision to transform Da Nang into the centre of technology and R&D in Vietnam, creating a mini 'Silicon Valley'.

Removing the European Commission (EC)’s illegal, unreported and unregulated (IUU) fishing “yellow card” is not easy and cannot be done overnight, but the Vietnamese business community and associations are still determined to do, not only to meet EU requirements, but also for the sake of sustainable fishery development.

As of October 20th, total newly-registered and increased capital, and capital contributions for share purchases of foreign investors reached USD23.48 billion, 80.6% of the same period last year, said the Ministry of Planning and Investment.

Export and import turnover of agriculture, forestry and fishery products totaled USD59.2 billion from January to October 2020, including USD33.6 billion worth of exports, up 1.1%, and about USD25.6 billion of imports, down 1.5%, according to the Ministry of Agriculture and Rural Development.

On October 29, Chairman of the People’s Committee of HCM City Nguyen Thanh Phong received and worked with a delegation of ambassadors from European Union (EU) member countries.

Japan is keen to help Vietnam improve its infrastructure, a critical area in the 12 co-operation agreements the two countries signed during Japanese Prime Minister Yoshihide Suga’s recent visit to Vietnam.

Vietnam hopes to make economic cooperation truly an important driver for its relations with Japan, the US, and Australia, Head of the Party Central Committee’s Economic Commission Nguyen Van Binh said on October 30.

Leaders of the Mekong Delta city of Can Tho on October 30 had a working session with a delegation from the British Consulate General led by Consul General Emily Hamblin.