Trade – Investment

In Vietnam’s national energy development strategy to 2030, with a vision to 2045, the Politburo set the task of developing the gas industry because its use is consistent with current world trends; helping reduce dependence on coal thermoelectricity, reduce emissions, protect the environment and aim at the country's sustainable development.

President Vo Van Thuong attended a ceremony in Quang Ngai on December 23 to celebrate 10 years of the Vietnam-Singapore Industrial Park (VSIP) in the central province.

The Vietnam Trade Office in Algeria on December 22 coordinated with the Carrefour supermarket system in Algeria to organise an activity to introduce and promote Vietnamese products at the Carrefour Hypermarket in the City Center Mall in the capital of Algiers.

Export and import turnover are estimated to total 683 billion USD in 2023, in which exports are estimated at 354.5 billion USD while imports reach 328.5 billion USD, according to the Ministry of Industry and Trade in a year-end conference.

The Prime Minister on December 22 issued a decision approving an investment policy for the first-stage construction and operation of infrastructure in the Vietnam-Singapore Industrial Park II (VSIP II), located in the Dung Quat Economic Zone, the central province of Quang Ngai.

The Hanoi Industrial and Export Processing Zones Authority (HIZA) on December 19 organized an on-site investment promotion conference for investors in Hanoi's industrial zones in 2023.

Recently, after being approved by Chinese authorities, watermelon has become Vietnam’s next agricultural product to be officially exported to the market of 1.4 billion people.

Bac Ninh will plan to develop 9 waterways, along with dozens of inland waterway ports along the Duong River, Cau River and Thai Binh River.

Prime Minister Pham Minh Chinh and leaders of Vietnamese ministries, agencies and localities on December 16 attended a dialogue with major Japanese economic corporations on green transition and social infrastructure, as part of his working trip to the East Asian country for attendance at the Commemorative Summit for the 50th Year of ASEAN- Japan Friendship and Cooperation and bilateral activities.

A local enterprise in the Mekong Delta province of Ca Mau has successfully exported a shipment of processed, frozen crabs and sweet snails to the United States after two years of preparations.

Prime Minister Pham Minh Chinh on December 16 attended a Vietnam-Japan economic forum in Tokyo as part of his ongoing trip to the East Asian country for attendance at the Commemorative Summit for the 50th Year of ASEAN-Japan Friendship and Cooperation and bilateral activities.

(CPV) - By the end of November, Vietnam's rice exports reached nearly 7.8 million tons, with a turnover of 4.4 billion USD. These are record numbers for the rice industry since 1989 and are expected to continue rising through the end of 2023.

A delegation from the Binh Duong Furniture Association (BIFA) is attending the India International Furniture Fair (IIFF) in New Delhi from December 14-17.

Customs clearance for import-export activities through the Na Nua – Nahua border gate pair in Vietnam’s northern Lang Son province and China’s Guangxi province was resumed from December 14 after a nearly-four-year halt due to the COVID-19 pandemic.

(CPV) - General Director of Vietnam Bank for Social Policies (VBSP) Duong Quyet Thang on December 12 worked with the delegation of senior officials of the Ministry of Agriculture and Livestock Development of Nepal, led by Minister Bedu Ram Bhusal.

(CPV) – Vietnam Economic Forum at mid-point of the 13th National Party Congress term was held by the PCC’s Commission of Popularization and Education, Ho Chi Minh National Academy of Politics, National Political Publishing House and Communist Party of Vietnam Online Newspaper, on December 12, in Hanoi.

The implementation of Conclusion 01 of the Politburo associated with the Resolution of the 4th PCC meeting (term XII), Conclusion 21 of the Party Central Committee (term XIII) has created positive changes from awareness to action of officials and party members of the Party Committee of the Bank for Social Policies in Vinh Tuong district, Vinh Phuc province.

Vice Chairman of the Ho Chi Minh City People’s Committee Vo Van Hoan said on December 8 that the city is ready to welcome businesses in the semiconductor industry while receiving President and CEO of the US Semiconductor Industry Association (SIA) John Neuffer.

Total state budget collection in the northern province of Bac Ninh reached an estimated 26.49 trillion VND in the first 11 months of 2023, 83.8% of the year’s estimates, according to the provincial Department of Statistics.

(CPV) - The UN Development Programme (UNDP) and the Central Institute for Economic Management, Ministry of Planning and Investment (CIEM, MPI), co-hosted the third annual Viet Nam Economic Pulse (VEP) forum in Ha Noi on December 6th 2023.

Vietnam and Cambodia have officially launched a bilateral cross-border QR payment link, allowing their peoples to scan QR codes to make payments in each other’s country using their local currency.

Vietnamese handicraft producers are among nearly 2,600 companies from 86 countries taking part in "Artigiano in Fiera", an international craft exhibition running in Milan, Italy from December 2 to 10.

(CPV) - With an annual growth rate of 14 - 16%, logistics is one of the fastest growing fields in Vietnam in recent times.

Vietjet Air has inaugurated a new route connecting Ho Chi Minh City and China’s Shanghai, facilitating convenient and easy travel for both residents and tourists.

Vietnam’s standout farm produce and processed products are being showcased at the Indian Food Expo, which opened in Lucknow city, Uttar Pradesh state on December 1.

(CPV) - The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) introduces the premium Vietcombank Visa Infinite Credit Card, featuring a pair of unique and exquisite card designs on December 1st 2023 in Hanoi. This event once again affirms Vietcombank's leadership in the credit card sector in Vietnam, marking a significant milestone in the series of activities commemorating the bank's 60th anniversary of establishment (1963 – 2023).

(CPV) - Vietnam needs about 368 billion USD by 2040 to stay on track to achieve the net-zero emissions target, according to estimates by the World Bank (WB).

2023 Hanoi Culture and Food Festival will take place at the Thong Nhat Park from December 1-3 to honour, preserve and promote traditional cultural and cuisine values of the capital city while developing and effectively tapping the brand name of Hanoi culture, food and tourism and intensifying business cooperation opportunities in the locality.

Vietnam's Ong Cua ST25 rice has won the first prize at the World’s Best Rice 2023 competition, within the framework of the 2023 International World Rice Conference Summit in Cebu, Philippines from November 28-30.

Vietnamese Prime Minister Pham Minh Chinh and Vice President of the Republic of Türkiye Cevdet Yilmaz agreed on the need to increase practical, effective economic cooperation activities in order to soon bring the two-way trade to 4 billion USD at their talks in Ankara on November 29.