Trade – Investment

Vietnam attracted 19.54 billion USD worth of FDI as of August 20, down 13.7 percent year-on-year, according to the Ministry of Planning and Investment.

The Ministry of Finance (MoF) launched an open budget portal at https://ckns.mof.gov.vn/ on August 26.

Authorities in the German city of Hamburg and German businesses in general have expressed their interest in the potential the Vietnamese market holds and their belief that the EU-Vietnam Free Trade Agreement (EVFTA) will help open up more opportunities for German companies in the country.

Statistics from the Vietnam Maritime Administration showed that total cargo volume handled at Vietnam’s seaports reached nearly 485.3 million tons in the Jan-Aug period, up 6% year on year.

The Saigon Union of Trading Co-operatives (Saigon Co.op) said that from August 20 the Co.opmart and Co.opXtra supermarkets system will offer simultaneous discounts with the theme “Pride of Vietnamese goods – Joining hands against the COVID-19 epidemic” to continue sharing spending pressure with consumers.

(CPV) – Thu Duc district should focus on leading and directing to make a breakthrough in the trade-services sector; striving to achieve the sector’s proportion of more than 62% in the economic structure.

The Business Association of Thai-Vietnam (BAOTV) inaugurated the Vietnamese Goods Exhibition Centre at VT-Namnueng shopping mall in the Thai northeastern province of Udon Thani on August 23.

More than 78 percent of businesses listed on the Hanoi Stock Exchange (HNX), or 268 firms, reported profit in the second quarter of 2020, with combined value of 11.38 trillion VND (491 million USD), down 1.14 percent year on year.

Vietnam has been able to maintain its export growth momentum to the United States over the past seven months despite facing unprecedented challenges caused by the novel coronavirus (COVID-19) pandemic, according to insiders.

Exports continued to recover in the first half of August, helping the country record 10 billion USD in trade surplus so far this year, according to the General Department of Vietnam Customs.

The People’s Committee of Ho Chi Minh City has asked for the Government’s support of its scheme to make the city a regional and international financial hub.

An event linking producers and traders of high-quality Japanese household commodities and consumer goods with Vietnamese partners, called GOOD GOODS Japan, will take place in Hanoi from August 24 to October 30.

Australian logistics real estate group LOGOS has announced the establishment of its first Vietnam venture with a global institutional investor for the development of modern, high-quality logistics facilities across the key markets of Ho Chi Minh City, Hanoi and Da Nang.

Standing Deputy Prime Minister Truong Hoa Binh has agreed with a policy of establishing Thu Duc city on the basis of arranging three districts of 2, 9 and Thu Duc.

Japan now tops the list of foreign investors in Ho Chi Minh city, according to the city Export Processing and Industrial Zone Authority (Hepza).

Nearly 485.3 million tonnes of cargo were handled at Vietnam’s seaports in the first eight months of this year, including over 13.9 million TEUs of container cargo, up 6 percent and 8 percent annually, respectively.

(CPV) – The first Party Congress of the Commission for the Management of State Capital at Enterprises (term 2020-2025) took place on August 17-18, in Hanoi with the participation of 250 official delegates from 3 Party Committees and 9 party cells.

Samsung Vietnam on August 18 said that the information about the company’s plan to shift part of its smartphone production in Vietnam to India is not true.

Major Japanese enterprises are looking to buy Vietnamese IT firms through merger and acquisition (M&A) deals to expand production and business in the Southeast Asian country, reported Dau tu (Investment) newspaper.

The Ministry of Industry and Trade (MoIT) has issued guidelines for the planning of efficient energy use from 2020 to 2025 at the city and provincial level.

After Aeon, Takashimaya, Family Mart, MiniStop and 7-Eleven; the domestic retail market continues seeing the emergence or expansion of selling places of Japanese retail brands, despite the market meeting difficulty.

The Ministry of Transport has asked Cuu Long Corporation to complete a pre-feasibility study on investing and expanding the Ho Chi Minh City - Long Thanh - Dau Giay expressway project at the beginning of the fourth quarter of 2020.

The Huyndai Vietnam Shipbuilding Co.Ltd based in the central province of Khanh Hoa built and handed over 119 oil carriers weighing 35,000 – 87,000 tonnes to clients, earning a revenue of nearly 4 billion USD since 2008.

The Vietnam Association of Seafood Exporters and Producers (VASEP) has said that seafood exports to Europe have seen many positive signs since the EU-Vietnam Free Trade Agreement (EVFTA) came into effect at the beginning of this month.

Foreigners have bought some 16,000 housing properties across the country since they were allowed to do so in 2015, according to the Ho Chi Minh City Real Estate Association (HoREA).

(CPV) - A national online conference has been held to review 5 years of implementing Directive 40-CT/TW dated November 22, 2014, by the 11th Party Central Committee Secretariat on strengthening the Party's leadership on social policy credit.

The Civil Aviation Authority of Vietnam (CAAV) has submitted to the Ministry of Transport a report on the adjustment of the planning scheme for the already overloaded Noi Bai International Airport which aims to double its capacity to welcome 63 million passengers a year by 2030.

​Ecom Net USA, a branch of Vietnam’s personal protective equipment (PPE) provider Ecom Net, on August 14 (US time), inked a contract to become the supplier of facemasks and PPE for the US medical group Spartan’s hospitals across the US.

With a wide and diverse retail sector, Russia has been considered a promising market for agro-forestry-fishery products of Vietnam.

Vietnam’s rice exports to the EU remain modest, at about 20,000 tonnes in volume and 10.7 million USD in value in 2019, accounting for a small proportion of the bloc’s annual average rice consumption of 2.5 million tonnes in the 2016-2020 period.