Trade – Investment

Cryptocurrency is not banned in Vietnam but it is necessary to develop a legal framework to ensure its on-track development and prevent risks, a representative from the Ministry of Justice has said.

(CPV) - The Vietnam Bank for Social Policies (VBSP) in Hanoi on April 11 held a meeting to evaluate operation results of the first quarter and deploy directions and tasks for the second quarter of 2024.

Vietnamese Ambassador to Australia Pham Hung Tam on April 12 received Chairman of the South Australia-Vietnam Business Council Francis Wong, who underscored the state's keen interest in the Vietnamese market.

Trade between Vietnam and Latvia reached 311.73 million USD in 2023, an increase of 33% from 2020, the year the EU-Vietnam Free Trade Agreement (EVFTA) came into effect, heard a recent webinar titled “Gateway to Vietnam.”

Deputy Prime Minister Tran Hong Ha chaired the first meeting of the National Steering Committee on the implementation of the Strategy for Sustainable Development of Vietnam's Marine Economy till 2030, with a vision to 2045.

An economic cooperation forum on fostering ties between ASEAN and emerging economies, and Russia convened in Hanoi on April 12.

(CPV) - The future of the wood industry is not only processing and exporting wood products, but researching and processing value-added forest products, focusing on medicinal species and indigenous trees. It is one of the paths to sustainable wealth from forests, in addition to exploiting values from forest ecotourism.

Among the excellent brands honored with the Golden Dragon Awards 2024 are Samsung, LG Display, Intel, Qualcomm, Heineken, HSBC, Lego, SCG, UOB and Coca-Cola.

Vietnam exported 645 tons of star anise to the Indian market in March, an increase of 178% from the previous month, accounting for 65% of the country’s total star anise exports.

Asia is the largest export region for Vietnam’s pepper in the first quarter of 2024, India being the largest export market in the region.

Up to 71% of European businesses said they feel “positive” about the long-term prospects in Vietnam in the next 5 years.

Vietnam exported 147,000 tonnes of cashew nuts worth US$782 million in the first quarter of the year, representing a rise of 31.8% in volume and 20.5% in value year on year, according to the General Department of Vietnam Customs.

(CPV) – State budget revenue from import-export activities in March reached 31,935 billion VND, an increase of 3.9% from the previous month, according to the latest data from the General Department of Customs.

Vietnam’s exports of wood and wood products are estimated to reach 3.4 billion USD in the first 3 months of 2024, an increase of 18.9% over the same period in 2023.

A conference on promoting commerce, investment and trade connectivity between Vietnam and China’s Sichuan province was held in Hanoi on April 5, providing an opportunity to enhance bilateral cooperation and import-export of farm produce, aquatic products, and pharmaceutical materials.

Vietnam’s Ministry of Agriculture and Rural Development and TikTok in Vietnam have coordinated to summarize 1 year of cooperation in implementing the “OCOP (one commune one product) Market” model to support the consumption of Vietnamese agricultural products.

A conference has been held by the Dien Bien People’s Committee to provide information about the socio-economic situation and areas attracting investment in the northern mountainous province.

(CPV) - According to the latest announcement of the General Statistics Office under the Ministry of Planning and Investment, the gross domestic product (GDP) in the first quarter of 2024 increased by 5.66%, higher than the first quarter growth rate throughout the 2020 – 2023 period.

Deputy Prime Minister Tran Hong Ha has signed Decision 270/QD-TTg approving the list of important national programs, works and projects in the energy sector under the direction of the State Steering Committee for important national programs, projects and key projects in the energy sector.

Vietnam is ranked 2nd in footwear exports with an estimated export volume accounting for 10% of the world's total.

Hanoi capital city is seeking measures and issuing support policies to promote the development of craft villages, and open doors for the export of their products to the world.

Prime Minister Pham Minh Chinh attended the ground-breaking ceremony for the Hon Thom marine tourism, resort and entertainment complex in Phu Quoc city, the Mekong Delta province of Kien Giang on March 30.

The US market attracts 23% of Vietnam’s total foreign investment capital in the first 3 months of 2024.

(CPV) - The southern province of Dong Nai expects to earn a trade surplus of more than 1.6 billion USD in the first quarter of 2024, a year-on-year increase of more than 410 million USD, according to the provincial Statistics Office.

(CPV) - In the context of predictions that the world situation will still face many difficulties, Vietnam's rice exports have shown optimistic signs from the first months of 2024, according to the Ministry of Industry and Trade’s Import-Export Department.

Prime Minister Pham Minh Chinh on March 29 acknowledged that key transport projects are progressing more effectively.

(CPV) - The European Chamber of Commerce in Vietnam (EuroCham) has unveiled its 2024 Board of Directors, appointing Dominik Meichle, Managing Director of Bosch Vietnam, as the new chairman.

On March 28, the Hoa Binh provincial Department of Agriculture and Rural Development coordinated with Tien Ngan Investment and Trading Co., Ltd., Tomas Trade Co.Ltd Korea, and ASIA Ocean Company to export 7.5 tons of pickled peppers to the Republic of Korea (RoK).

Vietnam’s tuna exports reached more than 131 million USD in the first 2 months of the year, a year-on-year increase of 21%. Tuna exports to many markets are increasing rapidly.

As of March 20, total newly registered capital, adjusted capital and capital contribution or share purchase by foreign investors reached more than 6.17 billion USD, a year-on-year increase of 13.4%, according to Ministry of Planning and Investment’s Foreign Investment Agency.