Trade – Investment

The Vietnam Business Summit 2020, themed “Digitalised Vietnam: Adaptability Towards Sustainable Development”, is to take place on November 12th, a press conference in Hanoi on July 22nd heard.

The first ASEAN online sale day will be held on August 8th on the anniversary of the founding of ASEAN.

Vietnam’s economic growth rate this year would reach 3.8 percent if there is no second COVID-19 outbreak in the second half of the year and economic activities gradually resume, the Vietnam Institute for Economic and Policy Research (VERP) has predicted.

The Government leader has approved the implementation plan of the Customs Mutual Assistance Agreement between Vietnam and the US.

The trade and investment activities between the US and Vietnam have helped create tens of thousands of jobs in the US and make Vietnam one of the fastest growing economies in Southeast Asia.

Total cargo volume handled at Vietnam’s seaports reached an estimated 397.5 million tons in the first 7 months of 2020; of which container volume posted more than 11.8 million TEU, up 6% and 8%, respectively, compared to the same period last year, according to Vietnam News Agency.

Tai Hoan Cooperative in Bac Kan province has signed a contract with DALAT Spol.sro Company in Czech Republic’s Prague to export 5.3 tons of vermicelli to the market, said Standing Deputy Head of Bac Kan provincial People’s Committee Do Thi Minh Hoa on July 16th.

Dragged by the impact of the COVID-19 pandemic, the national carrier Vietnam Airlines is seeking measures to ease pressure on its cash liquidity.

The Chan May – Lang Co Economic Zone in the central province of Thua Thien – Hue, which boasts comprehensive infrastructure and an open investment environment, is hoped to attract new investment flows following the COVID-19 pandemic.

Vietnam pledges to work closely with countries, including the Republic of Korea (RoK), to overcome difficulties amid the COVID-19 pandemic, said Minister - Chairman of the Government Office Mai Tien Dung.

Vietnam enjoyed a trade surplus of 5.46 billion USD in the first six months of this year, nearly 1.5 billion USD higher than the estimated 4 billion USD, according to the General Department of Customs.

Vietnam is a highly potential market for small- and medium-sized enterprises (SMEs) of Germany, President of the German Association for Small- and Medium-sized Businesses (BVMW) Mario Ohoven said at a workshop in Berlin on July 16th.

Vietnamese and US firms sought ways to overcome economic difficulties caused by the COVID-19 pandemic during an online trade exchange event on July 15th.

The General Department of State Reserves (GDSR) is set to complete this year’s purchasing of rice for national food reserves by August 15th.

The European Commission (EC) on July 15th announced quotas for several Vietnamese agricultural products and rice in line with the European Union – Vietnam Free Trade Agreement (EVFTA).

The Ministry of Industry and Trade (MoIT) and Samsung Vietnam on July 14th jointly launched a training programme for Vietnamese molding technicians.

From August 1st, the EU-Vietnam Free Trade Agreement (EVFTA) will officially take effect.

A seminar with Vietnamese businesses investing and doing business in Laos was held on July 12th to provide information and discuss some measures to continue doing business effectively in the market as the economy is heavily affected by the COVID-19 epidemic.

(CPV) - The Top Thai Brands 2020 aims to promote and enhance relations between Thailand and Vietnam, as well as further develop economic partnership, bringing benefits and prosperity for the two countries.

Forestry exports will be no lower than 12 billion USD this year, Deputy Minister of Agriculture and Rural Development Ha Cong Tuan told a meeting in Hanoi on July 10th.

Ho Chi Minh City’s index of industrial production (IIP) in June rose 13.74 percent from the previous month, according to statistics of the municipal People’s Committee.

The past 25 years have witnessed strides made in economic and trade cooperation between Vietnam and the US. contributing remarkably to bolstering bilateral relations, Minister Counsellor in charge of trade affairs Bui Huy Son has said.

(CPV) - More than 1,000 Japanese businesses attended an online conference to promote investment inflow into Vietnam held on in Hanoi, on July 9th.

An online conference took place on July 9th to support Vietnamese businesses in exporting consumer goods to the Chinese market and seeking cooperation opportunities wiht their peers in Zhejiang province of China.

Vietnam shipped 3.5 million tons of rice abroad in the first half of the year, earning a revenue of USD1.71 billion, up 4.4% in volume and up 17.9% in value compared to the same period last year, according to the Ministry of Agriculture and Rural Development.

A webinar on chances brought by the EU-Vietnam Free Trade Agreement (EVFTA) for Vietnamese and French businesses took place on July 8th.

The Vietnam Institute for Economic and Policy Research and the Centre for Development and Integration on July 8th released the 2019 Provincial Open Budget Index (POBI), which assesses how transparently localities spent their allocated public funds last year.

Vietnam’s exports of fruits and vegetables to major markets like the US, the Republic of Korea (RoK) and Thailand have surged despite the COVID-19 pandemic worldwide.

Vietnam recorded a trade deficit of 101.4 million USD with Israel in the first five months of this year due to declines in the export of key commodities and the resumed import of items of high value.

The State Bank of Vietnam (SBV) ranked first with 73.17 points on the Ministry Open Budget Index (MOBI) last year.