Trade – Investment

(CPV) - Vietnam is making efforts to transition from traditional energy sources, mainly coal and oil, to renewable energy sources to meet the needs of sustainable development and minimize negative impacts on the environment.

Vietnamese shrimp exports to China and Hong Kong (China) in January 2024 reached 42 million USD, a sharp increase of 275% over the same period last year.

Ho Chi Minh City ranked first in import-export value of the country, according to the latest customs statistics on import-export turnover of provinces and cities in January.

The Hoa Binh Department of Agriculture and Rural Development on February 28 coordinated with Minh Trung Company to export 40 tons of Bat Bao lotus porridge products to Japan.

Foreign direct investment (FDI) attraction reached more than 4.29 billion USD in the first 2 months of 2024, a year-on-year increase of 38.6%, according to the Ministry of Planning and Investment’s Foreign Investment Agency.

Vietnam’s seaport throughput in the first two months of 2024 is estimated to reach more than 111 million tons, an increase of 8% year on year, according to the Ministry of Transport’s Vietnam Maritime Administration (VMA).

In January 2024, the value of import and export goods cleared through the Ho Chi Minh (HCM) City Department of Customs rose by nearly 25% over the same period last year, worth about 9.74 billion USD.

From the beginning of 2024 to the end of February 14, Vietnam's trade balance enjoyed a trade surplus of 5.1 billion USD.

Cam Ranh International Terminal (CRTC) Joint Stock Company has signed an agreement with Changi Airports International (CAI) during the ongoing Singapore Airshow 2024 from February 20-25.

With robust export of fruits and vegetables, the industry has set a typical example for quick transformation in the context of economic difficulties to tap the potential and expand global reach.

The Vietnamese automobile market witnessed a significant sales decline in the first month of 2024, yet businesses and experts forecast that the market may see a breakthrough in the second half of the year.

The International Airline Symposium (IAS) will take place in Hanoi from February 27 - 29, with Vietnam Airlines as the host airline.

Prime Minister Pham Minh Chinh has requested State-owned enterprises (SOEs) to reform governance, improve production and business efficiency, and strongly promote development investment.

Vietnam’s meat products exported to China are mainly pork. China’s agreement to review poultry meat export documents could open up opportunities for Vietnamese businesses.

The Hanoi People’s Committee has just planned to implement the project of promoting Vietnamese enterprises to directly participate in foreign distribution networks until 2030.

In 2023, thousands of households in Binh Dinh received loans with the total amount of VND 969 billion according to Resolution No. 11/NQ-CP of the Government on the Economic Recovery and Development Program. Policy credit activities were proactively deployed by VBSP Binh Dinh province to the right beneficiaries.

On February 19, the An Giang provincial Department of Agriculture and Rural Development and the People's Committee of Cho Moi district held a ceremony to announce the export of the first batch of flat-seeded mangoes to the Korean market.

Vietnam’s leading electric vehicle maker VinFast has impressed visitors with its right-hand drive EV models on display at the Indonesia International Motor Show 2024 (IIMS 2024) that is getting underway from February 15 to 25.

Vietnam expects to increase its agricultural exports to China as the neighbouring country agreed earlier this year to review regulations permitting the official export of Vietnamese poultry meat, according to the Agency of Foreign Trade (AFT) at the Ministry of Industry and Trade (MoIT).

Vietnam's Toan Phat Cooper Tube Joint Stock Company is showcasing copper pipe products and equipment for air conditioning, insulation and ventilation systems at ACREX India 2024, an international exhibition specialising in air conditioning, refrigeration, and building technology, which opened in New Delhi on February 15.

Export activities bustled on the first workday after the Lunar New Year (Tet) holiday on February 15 with many batches of goods departing for foreign markets such as the US, the EU and Australia.

Vietnamese automotive manufacturer, VinFast, has officially launched its first right-hand drive electric vehicles for the Indonesian market at the Indonesia International Motor Show (IIMS) 2024.

Argentina's newspaper La Nacion has run an article highlighting the business climate in Vietnam and encouraging the country's firms to explore the Southeast Asian market.

Vietnamese enterprises and authorities are taking action right from the start of 2024 to promote industrial production though many challenges remain in the global economy.

The border gate of Bac Luan 2 Bridge in Mong Cai city, the northeastern province of Quang Ninh, resumed customs clearance after the Lunar New Year (Tet) holiday on February 12, five days early.

The number of people killed by a landslide in Maco town, in the province of Davao de Oro (the Philippines) rose to 54, while the rescue work was underway for more than 60 missing others, the Philippine government said on February 11.

The export turnover of Vietnamese fruits and vegetables to the European Union has increased considerably over recent years, from US$200 million in 2022 to US$399 million in 2023, making the EU the third largest consumer of the Vietnamese products.

Vietjet inaugurated a new route connecting Ho Chi Minh City of Vietnam and Chengdu of China on February 10 – the first day of the Lunar New Year, opening up opportunities for easy travel, promoting trade and tourism between the two countries.

Improving the resilience and self-reliance of the national economy, laying a groundwork to build an independent and self-reliant economy integrated extensively and effectively into the world, holds particular significance for Vietnam in the new context, Minister of Planning and Investment Nguyen Chi Dung has said.

Vietnam shipped 230,000 tonnes of coffee abroad in January, earning 623 million USD, up 61.6% in volume and 100.3% in value year-on-year, according to the Ministry of Agriculture and Rural Development.