Trade – Investment

The Hung Yen Longan Festival 2020 opened in the northern province of Hung Yen on July 31 to promote the local specialty fruit.

The Vietnam Chamber of Commerce and Industry (VCCI) chapter in the Mekong Delta City of Can Tho (VCCI Can Tho) on July 31 launched a portal which will provide information and advice related to the European Union – Vietnam Free Trade Agreement (EVFTA) to businesses in the Mekong Delta region.

Figures released by the Australian Department of Agriculture revealed that Vietnamese green mango exports to Australia doubled year-on-year in the first six months of this year.

(CPV) – On July 30th, the World Bank and State Bank of Vietnam signed a non-refundable aid agreement worth more than USD6.2 million to enhance COVID-19 monitoring and testing capacity, vaccine research capacity and epidemic communication.

(CPV) – As much as 90% of Vietnam’s import and export goods are shipped by sea. The signing of the cooperation memorandum between the Vietnam Maritime Administration and the European Chamber of Commerce (EuroCham) will open a promising new chapter in trade and investment cooperation between the two sides.

(CPV) - The 29th Party Congress of the Dong Anh district Party Committee opened on July 30th with the participation of 235 delegates representing more than 15,000 party members of 60 party grassroots organizations.

The export turnover of agriculture, forestry and aquaculture in the first seven months of 2020 was estimated at 22.3 billion USD, a decrease of 2.8 percent year-on-year.

Although the number of newly-established enterprises in July decreased 3.8% from the previous month, capital registered to enter the market increased sharply by 72%, according to a report of the General Statistics Office on July 29th.

(CPV) - The Consumer Price Index (CPI) in July rose by 0.44% against June and grew by 2.53% year on year, the city Statistics Office reported on July 29th.

(CPV) – More than 800 technical innovations and production rationalizations have been applied in practice to bring benefits for the National Power Transmission Corporation, helping employees improve work efficiency and working conditions.

As of July 20th, total newly-registered and increased capital, capital contributions for capital for share purchases of foreign investors reached USD18.82 billion, 93.1% of the same period last year, said the Ministry of Planning and Investment.

A shift to digital platforms is considered an effective means for businesses to expand export markets as Vietnam integrates more deeply into the global economy, Deputy Minister of Industry and Trade Cao Quoc Hung has said.

Reforming administrative procedures and improving infrastructure quality are decisive factors in capitalising on the EU-Vietnam Free Trade Agreement (EVFTA), heard a dialogue between officials of Ho Chi Minh City and the European Chamber of Commerce in Vietnam (EuroCham) on July 28th.

Vietnam attracted 3.15 billion USD in foreign direct investment (FDI) and capital for share purchases in July, representing a rise of 79.8 percent against the same period last year and 76.2 percent against June, reported the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

Vietnam may surpass Thailand in rice export this year thanks to its competitive price and the removal of rice export quota, experts have said.

(CPV) - Providing guidelines for non-state enterprises and social organizations to implement anti-corruption laws is crucial for promoting business integrity and fostering a healthy and stable economic development.

(CPV) – For the first time, US pork has been introduced to consumers in Hanoi and some neighboring localities through the BRGMart supermarket system.

The Cotton Corporation of India (CCI), which is holding surplus stocks of cotton just ahead of the next harvest season, is trying to boost exports of cotton to Bangladesh and Vietnam.

More and more Canadian businesses are eager to explore investment opportunities in the Mekong Delta city of Can Tho, especially in the spheres of hi-tech agriculture and waste treatment, said Canadian Consul General to Ho Chi Minh City Kyle Nanas.

Another Vietnamese factory has been granted with a transaction code to export dairy products to China, according to the Asia-Africa Market Department under the Ministry of Industry and Trade.

Vietnam has beaten Thailand to become the second biggest rice exporter in the world after the latter decided to slash rice exports due to prolonged drought and strong baht.

The construction of two wind farms with a combined capacity of 100 MW began in Hoa Binh district of the Mekong Delta province of Bac Lieu on July 26th.

The Ministry of Industry and Trade (MoIT) has applied anti-dumping measures on some products with biaxially oriented polypropylene (BOPP) film originating from China, Thailand and Malaysia.

(CPV) - On July 23rd 2020, the Indonesian Embassy in Hanoi and the Directorate of Southeast Asia Affairs of the Ministry of Foreign Affairs of the Republic of Indonesia in Jakarta organized an online discussion with the topic “Exploring Export and Import of Fruits between Indonesia and Vietnam”. The online session is intended to identify challenges and explore potentials between Indonesia and Viet

The Vietnam Trade Office in Australia, in association with Asean company, will host the Vietnam Durian Week focussing on areas with many people of Asian origin: Marrickville, Eastwood and Cabramatta, said the Ministry of Industry and Trade’s office on July 23rd.

Thuan Chau district in the northern province of Son La held a ceremony on July 23 to export 10 tonnes of red dragon fruit to the Russian market.

From January to June, the Party Central Committee (PCC) has coordinated with relevant agencies to research and timely consult the Politburo and the Secretariat on solutions to cope with and run the economy in the context of COVID-19 pandemic.

The Ho Chi Minh City People's Committee on July 22nd held a conference to announce the digital transformation program and integrated system and data sharing of the city.

On July 22nd, the 19th Cambodia-Laos-Myanmar-Vietnam Senior Economic Officials Meeting (CLMV SEOM) was organized in Hanoi under the online forum.

The Ministry of Finance of Vietnam and the Treasury of New Zealand signed a memorandum of understanding (MoU) on financial cooperation in Hanoi on July 23rd.