Trade – Investment

(CPV) - With the revolutionary tradition and existing foundations, the Party Committee and people of Phu Yen will grasp opportunities, promote its advantages, and overcome all difficulties and challenges to successfully fulfil the goals and targets set by the Phu Yen Party Congress.

The Vietnam Nutrition Food JSC (NutiFood) announced on October 15 that its soymilk products are now available in 450 Walmart supermarkets across China, making it the first Vietnamese milk brand to be accepted by the US-based multinational retail chain.

The southern province of Binh Duong needs to effectively create strategic breakthroughs to increase industrialization and modernization, and restructure economic sectors in combination with renewing growth models and increasing the quality of growth.

Bilateral trade between Vietnam and the Republic of Korea, the third largest partner of Vietnam, is expected to reach USD65.1 billion by the end of 2020, accounting for 12.35% of Vietnam’s total import and export turnover.

After 2 months of EVFTA (EU – Vietnam Free Trade Agreement) being in effect; exports of agricultural products to the EU have seen positive changes, according to the Ministry of Agriculture and Rural Development.

More than 200 memorandums of understanding (MoU) on product consumption have been signed between groups, businesses, big supermarkets and subjects with OCOP products at an event introducing and connecting OCOP products with Red River Delta localities, held from October 8 to 10, in Hanoi.

State budget collection in the first nine months of this year reached 975.3 trillion VND (42.4 billion USD), equivalent to 64.5 percent of the estimate and representing a drop of 11.5 percent year-on-year, according to the Ministry of Finance.

Ten out of 12 ministries and agencies have committed to completing the disbursement of foreign loans this year after adjusting down their capital plans, the Ministry of Finance has reported.

The Government has approved a draft Resolution of the National Assembly on organizing the urban government of Ho Chi Minh City.

Hacom Bac Lieu Energy JSC on October 11 started construction on the first phase of Hoa Binh 5 wind power farm on an area of 28 hectares in Vinh Thinh commune, Hoa Binh district, the Mekong Delta province of Bac Lieu.

(CPV) - The train with the first three carriages was brought to Vietnam after a delay due to the COVID-19 pandemic, marking a very important milestone in the progress of the Metro 1 project.

Prime Minister Nguyen Xuan Phuc has issued a directive requiring acceleration of the application of automated non-stop toll collection services nationwide.

A workshop was held in the south-central province of Khanh Hoa on October 10 to promote tuna supply chain, and tuna exports to the EU under the EU-Vietnam Free Trade Agreement (EVFTA).

The central city of Da Nang on October 10 started construction on the first phase of the Software Park No 2, worth more than 703 billion VND (30.4 million USD), at Hai Chau district.

Enterprises operating in the Mekong Delta province of Long An received updates on the EU-Vietnam Free Trade Agreement (EVFTA) and international economic integration in general at a conference hosted by the provincial People’s Committee on October 9.

Enterprises operating in the Mekong Delta province of Long An received updates on the EU-Vietnam Free Trade Agreement (EVFTA) and international economic integration in general at a conference hosted by the provincial People’s Committee on October 9.

A delegation from the Ho Chi Minh City Business Association led by Mr. Chu Tien Dung, President of the Ho Chi Minh City Business Association, recently offered incense and flowers to Uncle Ho’s statue at Ho Chi Minh Museum at Nha Rong Wharf.

From the start of the year to September 20, foreign direct investment (FDI) capital in Ho Chi Minh city totaled USD3.25 billion, a 28% decrease compared to the same period last year, according to the city Department of Planning and Investment.

Hanoi Gift Show 2020, scheduled for October 15-18, will feature 400 booths, said the Ministry of Industry and Trade at a press conference held on October 8th.

The Ho Chi Minh City Union of Business Associations (HUBA) honoured 200 excellent enterprises and entrepreneurs of the city in 2020 at a ceremony marking the 16th Vietnam Entrepreneurs' Day (October 13) held on October 7.

(CPV) - The annual event is set to create a playground for handicraft businesses and makers, and promote connectivity between domestic and foreign firms in the industry.

The Ho Chi Minh City Customs Department has been implementing a number of measures to help the local business community optimise the benefits to be had from the EU-Vietnam Free Trade Agreement (EVFTA) and boost import-export activities.

Vietnam and the United Kingdom are speeding up negotiations on a new-generation free trade agreement between the two sides, which is expected to be completed at the end of this year.

Vietnam raked in 30.05 billion USD from exporting agro-forestry-aquatic products in the first three quarters of 2020 and the value is hoped to hit over 40 billion USD for the whole year, said Deputy Minister of Agriculture and Rural Development Phung Duc Tien.

Thirty biggest tax payers over the past three decades were honoured with certificates of merit during a ceremony in Hanoi on October 5.

The Kosy Group, which operates in the field of urban development and renewable energy, on October 3 kicked off the first-phase construction of a 8-trillion-VND (345.15 million USD) wind farm in the Mekong Delta province of Bac Lieu.

More and more Italian textile firms are investing in Vietnam to take advantage of the EU-Vietnam Free Trade Agreement (EVFTA) and export to the European market, experts said.

The Vietnamese Government resolved to record GDP growth of 2.5-3 percent this year at its recent monthly meeting, Minister and Chairman of the Government Office Mai Tien Dung told a press conference on October 2.

Vietnam will overcome difficulties in the last three months of this year, creating a premise for 2021, Deputy Minister of Industry and Trade Do Thang Hai has believed.

The ASEAN Finance and Central Bank Deputies’ Meeting (AFCDM) was held online in Hanoi on October 1 in preparation for the sixth ASEAN Finance Ministers’ and Central Bank Governors’ Meeting (AFMGM) scheduled for the following day.