Trade – Investment

The Vietnam National Coal-Mineral Industries Holding Corporation Limited (Vinacomin) said it gained nearly 8.5 trillion VND (2.24 billion USD) in revenue in the first four months of this year, a year-on-year increase of 4%.

Foreign and domestic investment in the southern province of Ba Ria - Vung Tau stood at almost 1.63 billion USD and over 25.93 trillion VND (1 billion USD) during the first four months of 2024, surging 7.2-fold from a year earlier.

Experts and representatives from organisations shared their views on Vietnamese semiconductor human resources in the global supply chain at a conference in Hanoi on May 4.

Total state budget revenue in Hanoi in the first four months of 2024 is estimated at 198.1 trillion VND, equivalent to 48.5% of the year’s estimate and up by 6.4% over the same period last year.

Vietnam's import-export revenue reached 238.88 billion USD in the first four months of this year, with trade surplus reaching 8.4 billion USD, higher than the 7.66 billion USD recorded in the same period last year, according to the General Statistics Office (GSO).

The total foreign direct investment (FDI) disbursed in Vietnam in the first four months of this year is estimated to reach 6.28 billion USD, up 7.4% year on year, the highest four-month amount in the past five years, reported the General Statistics Office (GSO).

Since the national reunification on April 30, 1975, Vietnam has obtained admirable economic achievements and is now on its way to become the 20th largest economy in the world.

Vietnam’s agro-forestry-fishery exports to the Republic of Korea (RoK) have surged thanks to the bilateral Free Trade Agreement (VKFTA), topping 2 billion USD annually during 2016 - 2023, and the Northeast Asian country is forecast to remain an attractive market in the coming time.

Vietnam maintained its third position in the number of investment deals and regained the third place in terms of total investment in startups in Southeast Asia.

With positive results recorded so far, Vietnam can exceed its target of 7.6 million tonnes in rice export volume set for 2024, Nguyen Ngoc Nam, Chairman of the Vietnam Food Association, said at a conference in the Mekong Delta city of Can Tho on April 26.

Leaders of Vietnam’s southern Long An province and Japan’s Okayama city engaged in a dialogue on April 26 to discuss cooperation between the two localities.

Better investment climate, with simplified administrative producers and special incentives, has helped improve investor confidence, thus catalysing investments from a wider pook of both domestic and international investors for socio-economic development.

Vietnamese airlines are expected to operate 9,000 flights on domestic routes to meet the travel demand during the upcoming National Reunification Day (April 30) and May Day (May 1) holidays, according to the Airports Corporation of Vietnam (ACV).

The 78.5km Cam Lam - Vinh Hao Expressway, one of the three sub-projects of the North - South Expressway project’s eastern wing, officially opened to traffic on April 26.

Among 15 countries that are competing fiercely to export seafood to Singapore, Vietnam has risen to become one of the five largest seafood exporters to the market.

(CPV) - National Australia Bank (NAB) opened its new office in the heart of Ho Chi Minh City on 25 April 2024.

The 2024 Vietnam E-commerce Index Report was announced by the Vietnam E-Commerce Association within the framework of Vietnam Online Business Forum (VOBF) taking place in Hanoi on April 25.

(CPV) - Eight Australian Mining Equipment, Technology and Service (METS) companies are joining Mining Vietnam 2024, supported by the Australian Trade and Investment Commission (Austrade), to promote sustainable mining cooperation between Australia and Vietnam.

Lao Cai’s import and export turnover in April increased by 60% from the same period last year, according to statistics from the provincial Department of Industry and Trade.

The Ministry of Culture, Sports and Tourism has just issued Decision QD-BVHTTDL recognizing Moc Chau Tourist Area in the northwestern province of Son La as a national tourist area.

In the first quarter of 2024, Vietnam’s pangasius exports to the UAE market reached more than 7 million USD, up 67% year on year.

With a population of more than 100 million people, Vietnam is becoming an attractive market for cosmetics manufacturers and distributors.

Cai Mep Port in Phu My town, Ba Ria - Vung Tau province has been ranked among the 30 largest container ports in the world for the first time, based on throughput, according to the latest announcement by consulting firm Alphaliner.

(CPV) - The Central Institute for Economic Management (CIEM) is conducting research on creative economic development, basic concepts of the creative economy, the main development trends of the creative economy in the region and the world, learning about the experiences of some countries, for comparison with the current situation in Vietnam and proposal of policy recommendations.

Many electronics supermarkets in Hanoi have launched summer promotion programmes, reducing prices for cooling equipment such as air conditioners and fans, as the weather in the north of Vietnam has just begun to be hot and sunny.

Ambassador to Italy Duong Hai Hung has congratulated Vietnamese enterprises - the Ho Chi Minh City Investment and Trade Promotion Centre (ITPC) and the Handicraft and Wood Industry Association of HCM City (HAWA) - for their initial success in showcasing Vietnamese products in Milan Design Week in Italy - a design & brand arena of furniture businesses around the world.

Vietnam has strong infrastructure and research and development incentives as well as a skilled workforce, making it an attractive for “eagles” worldwide in the electronics and semiconductor industry, according to Deputy Minister of Planning and Investment Tran Duy Dong.

Vietnam has for the first time surpassed India and Thailand to become the largest rice exporter to Singapore by shipping 36.15 million SGD (26.55 million USD) worth of rice in the first three months of this year, an increase of 80.46% over the same period in 2023, winning 32.03% of the market share, according to the Vietnam Trade Office in Singapore.

The Vietnam Association of Seafood Exporters and Producers (VASEP) has just sent an official dispatch to the Prime Minister, the Ministry of Industry and Trade, the Ministry of Agriculture and Rural Development, and the Ministry of Foreign Affairs requesting the abolition of a tariff for Vietnamese shrimp imported into the Republic of Korea (RoK).

Fruit and vegetable exports to major markets in the first three months of the year recorded high growth. The Korean and Thai markets had a sudden increase, according to the Vietnam Fruit and Vegetable Association (Vinafruit).