Trade – Investment

China imported more than 2.8 million tons of seafood in the first eight months of 2024, worth nearly 11.4 billion USD, down nearly 6% in volume and 11% in value year on year, according to figures of the Vietnam Association of Seafood Exporters and Producers (VASEP).

The first-ever Vietnam fruit festival opened in Beijing, China, on September 29, co-organised by the Vietnamese Ministry of Industry and Trade, and Ministry of Agriculture and Rural Development.

Deli Vietnam, a subsidiary of Deli Group, a Chinese stationery manufacturer, broke ground for a US$270 million stationery factory at the Dai An Expanded Industrial Zone in Hai Duong Province on September 28.

The leaders of the northern province of Bac Ninh have just awarded investment policy decisions, investment registration certificates, memorandums of understanding and agreements in principle to 18 FDI projects, with a total capital of 5.6 billion USD.

From October 2024, the Bac Ninh People’s Committee will organize a meeting with entrepreneurs on the 13th of every month, said the organ’s office.

The Hanoi Agriculture Fair 2024 opens at AEON MALL Ha Dong shopping center, on September 26 with the participation of 700 booths and spaces promoting and introducing organic and natural products of 90 exhibitors from 28 provinces and cities.

The 2024 Global Innovation Index (GII), in which Vietnam climbed two places to the 44th among the 132 countries and economies, reflects the country’s strengths and weaknesses in innovation and helps Vietnamese firms to develop future strategies, according to insiders.

(CPV) - Australian Education Delegation in Vietnam took part in the Australia Southeast Asia Business Exchange (A-SEABX) Mission from September 25-27 in Hanoi and Hai Phong.

The Vietnam – Slovenia trade forum was co-organized by the Ministry of Industry and Trade and the Ministry of Economics, Tourism and Sports of Slovenia in Hanoi, on September 26.

The northern province of Bac Ninh has led the country in attracting FDI capital in the first eight months, with a total capital of over 3 billion USD.

(CPV) - Implementing the National Target Program on Sustainable Poverty Reduction for the 2021-2025 period, Sop Cop district (Son La) has focused resources, especially preferential policy capital to improve the effectiveness of sustainable poverty reduction work in the area.

(CPV) - After overcoming the damage caused by storm No. 3 (Yagi), VBSP Quang Ninh Provincial Branch promptly disbursed loans sourced from central and local capital to 1,620 households with a total amount of more than VND 108 billion.

In recent times, the Vietnamese financial market has made remarkable progress and is playing an increasingly important role in the economy. However, in the trend of integration and green economic development, the development of green and sustainable finance poses new opportunities and challenges for Vietnam's financial system.

As many as 17 banks in Vietnam have announced programmes to support their customers who were affected by Typhoon Yagi.

Prime Minister Pham Minh Chinh on September 21 asked the Deputy PMs, ministers, and heads of the sectors to thoroughly deal with difficulties facing businesses, explaining that settling their difficulties means coping with those of the economy, and the growth of businesses is the way to the country's development.

Prime Minister Pham Minh Chinh on September 21 chaired a meeting between Cabinet members and leaders of 13 joint stock commercial banks to seek measures to promote national socio-economic development.

Vietnam’s rubber exports topped 1.7 billion USD in the first eight months of 2024, statistics show.

The state visit to Cuba by Party General Secretary and State President To Lam next week is expected to further strengthen the two countries’ bilateral relationship, fostering their sustainable trade development.

The northern province of Bac Ninh needs to remove bottlenecks in disbursement of public investment as a key for the locality to take off in the near future, said Chairman of the Bac Ninh People’s Committee Vuong Quoc Tuan at a recent regular meeting.

(CPV) - Australian and Vietnamese experts on September 18 gathered in a conference on energy transition in Hanoi.

After a decrease in July, credit in Ho Chi Minh (HCM) City in August 2024 increased by 4.68% compared to the end of 2023.

(CPV) - The capital’s economy has improved significantly since the beginning of 2024, with many important indicators showing high growth rates.

Vietnam’s export turnover of goods to the Japanese market reached 16.01 billion USD in the first eight months of 2024, a year-on-year rise of 4.8%.

Thailand is Vietnam’s largest export market in ASEAN with a value of 5.23 billion USD, up 7.2% year on year.

Despite market recovery, the wood industry needs to overcome formidable challenges to realise the export revenue target of 15.2 billion USD for the whole year, according to insiders.

Building infrastructure, luring investment, and operating border gates on digital platforms are the focuses of northern provinces to develop local border gates into key economic zones and ensure border security and defense.

Steady double-digit growth has enabled Vietnam’s fruit and vegetable exports to continuously set new records. With the current momentum and growth, Vietnam’s fruit and vegetable sector is poised to reach a record export value of USD7 billion this year.

From January to August this year, foreign investors poured capital into 54 provinces and cities across the country; and Bac Ninh led with a total registered investment of nearly USD3.47 billion, accounting for 16.9% of the country's total investment and nearly triple that of the same period last year, Mr. Vuong Quoc Tuan, Chairman of the Bac Ninh Provincial People's Committee, have said.

The Ministry of Agriculture and Rural Development’s Plant Protection Department coordinated with the Australian Embassy in Vietnam on 9 September to announce the export of Vietnamese passion fruit to Australia and Australian plum to Vietnam.

Ho Chi Minh City’s total retail sales of goods and consumer service revenue in the first eight months of the year are estimated at 765,233 billion VND, a year-on-year rise of 10.3%.