Trade – Investment

The State Bank of Vietnam (SBV) on May 17 issued a decision to inspect the compliance with policies and laws in gold trading activities of credit institutions and gold trading enterprises.

The Government on May 17 issued a Resolution approving the proposal to draft amendments to the Housing Law and the Real Estate Business Law, specifically Clause 1 of Article 197 and Clause 1 of Article 82, respectively.

After negative growth in January 2024, credit in Ho Chi Minh (HCM) City grew again and maintained positive growth rate in February (0.01%); March (1.9%) and April (0.35%). In the first four months of the year, credit in the southern city rose by 1.31% compared to the end of 2023.

Ho Chi Minh City will implement 10 metro lines (more than 510 km) from now to 2060, with a total expected investment of more than 824 trillion VND (about 34.39 billion USD).

(CPV) - Implemented foreign direct investment (FDI) reached 6.28 billion USD in the first four months of 2024, a year-on-year increase of 7.4%, marking the highest four-month realized FDI capital over the past 5 years, according to the General Statistics Office (GSO).

The outstanding bonds of real estate enterprises totalled 350.88 trillion VND (13.79 billion USD) as of the end of March, according to a recent report of the Ministry of Finance (MoF).

The second phase of the Gender-Responsive Equitable Agriculture and Tourism (GREAT 2) programme was launched in the northern mountainous province of Son La on May 10.

Trade turnover between Vietnam and Laos in the first 3 months of 2024 reached more than 476 million USD, up 12% over the same period in 2023, according to the Vietnam Trade Office in Laos.

The project to promote gender equality through improving economic efficiency of agricultural production and tourism development in the northern mountainous province of Lao Cai was launched by the provincial People’s Committee and the Australian Embassy in Vietnam on May 8.

In April, Vietnam saw 226 more foreign investors being granted securities trading codes, said the Vietnam Securities Depository and Clearing Corporation (VSDC).

Vietnam’s pangasius exports reached 411 million USD in the first quarter of 2024, down 2.5% from the same period in 2023, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

A ceremony to announce the export of lotus roots to the Japanese market through official channels was held in Thap Muoi district, the Mekong Delta province of Dong Thap, on May 7.

Wood and wood product exports are estimated to reach 4.8 billion USD in the first four months of the year, up 23.7% over the same period last year.

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.

Vietnam has been applying itself to making institutional, infrastructure, and manpower improvements in efforts to attract more foreign investment, especially in such big industries as electronics and semiconductor, said Deputy Minister of Planning and Investment Do Thanh Trung.

Visakan Biotechnology Investment and Development Joint Stock Company (Visakan) under Hung Nhon Group on May 2 held a ceremony in the northern province of Bac Ninh marking its export of the first batch of veterinary medicine to the Islamic (Halal) market.

Vietnam’s foreign direct investment (FDI) in the first four months is estimated at 6.28 billion USD, a year-on-year rise of 7.4%, marking the highest four-month realized FDI capital over the past 5 years, according to the General Statistics Office (GSO).

Import and export turnover of goods reached 238.88 billion USD in the first four months of 2024, a year-on-year rise of 15.2%, according to the General Statistics Office (GSO).

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).