Trade – Investment

As many as 14,267 new businesses with a total registered capital of almost 153.6 trillion VND (6.3 billion USD) were established in November, respectively rising 19.5% and 47% year on year, said the Business Registration Management Agency under the Ministry of Planning and Investment.

Vietnam is exporting shrimp to about 100 countries and territories across the world, according to the General Department of Fisheries under the Ministry of Agriculture and Rural Development.

The Quang Tri Bank for Social Policies in the central province of Quang Tri has synchronously carried out many measures and solutions to timely convey policy credit capital, contributing to socio-economic development and realizing social security goals in the locality.

A meeting between the Board of Directors of the Vietnam Bank for Social Policies (VBSP) in Ha Giang and leaders of some departments, branches and socio-political organizations has been held to evaluate the results of implementing specific policies to support economic development of household gardens and sustainable development of Sanh orange trees in the province according to Resolution 58 of the provincial People’s Council.

The Vietnam Maritime Corporation (VIMC) recently signed a contract with the global research and strategic consulting firm Roland Berger to develop itself until 2030 with a vision to 2035.

The Vietnam-UK Business Forum 2023 took place in Hanoi on November 24, as part of activities held by the Joint Committee on Economic and Trade Cooperation between Vietnam and the UK (JETCO) to celebrate the 50th anniversary of their diplomatic ties.

Vietnam Textile and Apparel Association (VITAS) on November 23 announced that Vietnam’s textile and apparel exports are estimated to top 40 billion USD, about 9% less than that of last year.

Thanks to preferential loans, many poor, near-poor households and other policy beneficiaries in the Central Highlands province of Gia Lai and Pleiku city in particular have the opportunity to expand production and increase income to improve their lives.

Import value of phones and components of all kinds reached nearly 1.1 billion USD in October 2023, an increase of about 12% compared to the previous month, according to data from the General Department of Customs.

Connection Program between Canadian import businesses and Vietnamese small and medium-sized enterprises in the processed food industry is being held on November 20-22 by Vietnam Trade Promotion Agency (Vietrade) and Trade Facilitation Office (TFO) of Canada.

“Mat biec” (Dreamy Eyes), a movie by Victor Vu, has been screened in South Africa during the ASEAN Film Festival in the African country. This is the first time a Vietnamese film has been introduced to South African audiences.

In Vietnam, the semiconductor industry is believed to hold huge potential for making breakthroughs to help with fast and sustainable economic development, but the shortage of manpower is posing a huge challenge.

A thematic seminar on culture-tourism exchange and human resources development between the northern province of Quang Ninh and Japan’s Hokkaido prefecture was held on November 17, as part of the Hokkaido Festival 2023 in Ha Long city.

Ho Chi Minh City and European partners will continue to study and implement cooperation in the fields of economy, commerce, and investment effectively.

The Chinese General Department of Customs has officially licensed Khanh Hoa NGK Bird’s Nest Joint Stock Company to export pure bird’s nest products to the market.

Vietnam ranks first in the world in terms of cinnamon exports, heard a national conference on sustainable development of the cinnamon sector held in Hanoi on November 15.

The Ministry of Agriculture and Rural Development (MARD) in collaboration with the Australian Embassy in Vietnam has organized a symposium on strengthening the Vietnam-Australia technical, trade and investment collaboration in the cattle raising sector.

Policy credit is not only a companion of ethnic minorities in the Truong Son mountain range, but a platform to help local governments realize the goal of hunger eradication and poverty reduction.

As of October 20, 2023, the northern province of Bac Ninh permitted 308 new foreign direct investment (FDI) projects, an increase of 3.14 times compared to the same period last year with a total capital of more than 908 million USD.

On November 14, 2023, Ho Chi Minh City was presented the ASO CIO 2023 award by the Asia-Oceania Computing Industry Organization (ASOCIO) for the category of Excellent Digital Government at the ASOCIO Digital Summit in Seoul, the Republic of Korea.

With a series of incentive programs, promotions and discounts, Hanoi Promotion Month 2023 continues to contribute to stimulating consumer demand, connecting and promoting Vietnamese goods, and supporting businesses to stabilize and develop production and business.

VinFast plans to expand the distribution network of its electric vehicles to 125 points of sale across the US to realize the goal of making electric vehicles more accessible to everyone.

As of October 15, 2023, Vietnam’s shrimp exports to Japan reached 388 million USD, down 28% from the same period last year, according to data from Vietnam General Department of Customs.

Discussions on investment and trade, culture, tourism, health care, education, transportation and logistics, as part of the 10th conference on economic corridor cooperation involving Lao Cai, Hanoi, Hai Phong, Quang Ninh of Vietnam and China’s Yunnan province, took place in Hanoi on November 13.

Export turnover of rattan, bamboo, sedge and carpet reached an estimated 60 million USD in October 2023, bringing the total revenue in the first 10 months of the year to 589.69 million USD, according to the General Department of Customs.

The Hanoi People’s Committee asked to promote VND120 trillion credit program for investors and buyers of social housing and worker housing projects.

The Hanoi Rural Industrial Goods Fair 2023 will be heldfrom November 24 to 28, in Hanoi. This is the first time the capital has organized the fair.

The northern port city of Hai Phong remained the biggest magnet for foreign direct investment (FDI) inflows in the first 10 months of this year, attracting nearly 3.1 billion USD, up 68% year on year, or equivalent to over 153% of the yearly target, said Chief of the Office of the municipal People’s Committee Nguyen Ngoc Tu.

More should be done by rice exporters to understand the market and minimise risks, said industry insiders and experts.

The Ministry of Transport (MoT) and the United National Development Programme (UNDP) and the Japanese Embassy in Vietnam jointly held a conference in Hanoi on November 10 to discuss ways to accelerate the transition to electric vehicles.