Trade – Investment

Vietnam spent about 1.2 billion USD to import 53,000 completely built unit (CBU) cars in the first eight months of this year.

Vietnam’s first automaker, VinFast, inked an agreement on September 9 to purchase the Lang Lang proving ground in the Australian state of Victoria; the latest move in its development strategy to become a global brand.

The Steering Committee for the One Commune, One Product (OCOP) program in Bac Ninh province has organized a conference to evaluate and classify products of the program.

The Macfrut Digital Trade Show being held online for the first time from September 8 to 10 offers Vietnamese businesses the opportunity to meet hundreds of global suppliers of fresh, safe and quality fruits from Europe.

Thu Duc is expected to become a new growth driver of Ho Chi Minh city, contributing more than 30% to the city’s total products. Currently, all levels and branches of the city are completing projects of establishing Thu Duc city, calling suitable investment to put into construction in 2021.

Domestic trade is expected to contribute about 13.5 percent of GDP by 2025, according to the Ministry of Industry and Trade (MoIT)'s target to effectively realise the 2021-2025 socio-economic development plan.

(CPV) – In spite of facing many difficulties due to the COVID-19 pandemic; Bac Ninh’s export turnover reached more than USD20.63 billion, up 1.1% in the Jan- Aug period of 2020.

The taxation sector has collected over 752.6 trillion VND (32.45 billion USD) for the State budget, equivalent to 60 percent of the yearly estimate and 91.9 percent of the figure of the same period last year, the General Department of Taxation reported.

Export prices of Vietnam’s 5% broken rice have climbed to USD488-492 per tonne, up US$25 from a month ago and marking the highest levels for years.

Export prices of Vietnam’s 5% broken rice have climbed to USD488-492 per tonne, up US$25 from a month ago and marking the highest levels for years.

Exports by Ho Chi Minh City companies in the first eight months of the year reached 28.4 billion USD, a 4 percent increase year-on-year, according to the municipal Department of Industry and Trade.

The Vietnamese Trade Office in Laos has undertaken an array of measures to support Vietnamese exporters amid the declining trade revenue between the two countries in the first half of this year.

The northern province of Bac Ninh collected more than VND18.62 trillion to the state budget in the Jan-Aug period of 2020, fulfilling 64% of the estimate or equivalent to 93% of the same period last year, according to a report of the provincial Department of Finance.

The Wealth Power Group of Vietnam has joined two other partners in developing solar power projects in Champasak and Sekong provinces of Laos.

Vietnam Airlines has prepared a plan to resume domestic flights to safe destinations and meet demand, a representative of the national flag carrier said on September 3.

(CPV) - The Saigon Union of Trading Co-operatives (Saigon Co.op) should actively renew contents and leadership methods of the Party Committee to suit with the specific type of Party organizations in the Union.

Vietnamese Minister of Industry and Trade Tran Tuan Anh and the Netherlands’ Minister for Foreign Trade and Development Cooperation Sigrid Kaag engaged in a phone talk on September 1 to discuss ways to boost bilateral cooperation between the two sides.

On August 31, Politburo member and Standing Deputy PM Truong Hoa Binh worked with Quang Ninh about the results of implementing Resolution of the 14th Quang Ninh Party Congress; public investment disbursement; and removing difficulties and problems for production and business.

Ho Chi Minh city’s Consumer Price Index (CPI) in August increased 0.06% from the previous month and rose 2.43% compared to the same period last year, according to the city Statistics Office.

An expert from the US Department of Agriculture (USDA)’s Animal and Plant Health Inspection Service (APHIS) is scheduled to arrive in Vietnam on September 2 to continue monitoring the treatment of fruit destined for the country, which recently underwent a hiatus due to COVID-19.

Vietnamese Deputy Minister of Industry and Trade Hoang Quoc Vuong and Russian Deputy Minister of Economic Development Vladimir Ilichev co-chaired a teleconference of the Vietnam-Russia Senior Working Group on prioritised investment projects on August 31.

From the start of the year, the northern province of Bac Ninh attracted 119 FDI projects with a total registered capital of USD334.8 million, according to the provincial Statistics Office.

The Bac Ninh provincial People’s Committee has issued a Decision adopting the scheme project of Gia Binh 2 Industrial Zone (IZ) with a scale of 1/2,000 at Gia Binh district, covering 250 ha.

Public investment in August and the first eight months of this year increased 45.4 percent and 30.4 present year-on-year, respectively, according to the General Statistics Office (GSO).

Cooperation in trade and investment, human resources, and post-pandemic economic recovery will be the focus of a 2021-2022 joint plan of action freshly adopted by Cambodia, Laos, Myanmar and Vietnam (CLMV) at the 12th CLMV Economic Ministers Meeting.

Vietnam’s consumer price index (CPI) slightly went up 0.07 percent month-on-month in August due to the impacts of heavy rainfalls nationwide and rise in domestic rice and education service prices, reported the General Statistics Office on August 29.

Vietnam ran a surplus of 6.2 billion USD in agro-forestry-fishery trade in January-August, 4.9 percent higher than the same period last year, the latest updates of the Ministry of Agriculture and Rural Development showed.

With 6 new projects licensed and 8 ongoing projects adjusting capital, in August 2020 Vietnamese businesses registered to invest USD77.3 million abroad, up 2.5 fold from the previous month, according to statistics of the Ministry of Planning and Investment’s Foreign Investment Agency.

Many important contents were introduced to more than 200 European businesses by online form at a seminar on commodity origin rules in the EU-Vietnam Free Trade Agreement (EVFTA) held on August 26th, in Ho Chi Minh city.

Exports of agro-forestry-fisheries products were worth 26.1 billion USD in the first eight months of 2020, a fall of 0.9 percent year-on-year, the Ministry of Agriculture and Rural Development (MARD) has reported.