Trade – Investment

Among Vietnam’s tuna products exported to the EU in the first five months of 2024, canned tuna is the main product, accounting for nearly 49% of the total turnover, according to the Association of Seafood Exporters and Producers (VASEP).

The Philippine Government has issued a decree to cut taxes on many products, offering opportunities for Vietnamese rice to increase exports to the country, according to the Vietnam Trade Office in the Philippines.

The EU imported 18,474 tons of pepper from foreign markets in the first four months this year, worth 83.7 million EUR, an increase of 22.9% in volume and 27% in value compared to the same period in 2023, according to data from the the Statistical Office of the European Union (Eurostat).

Samsung Vietnam in coordination with the Ministry of Industry and Trade and Bac Ninh province on June 26 organized a conference to review the implementation of the memorandum of understanding on the project to support Vietnamese businesses in the northern province.

(CPV) - Australia and Vietnam on June 26 launched Vietnam’s first Skills Forecast Report 2024 -2028 for the Port Industry and an updated Skills Forecast Report 2024 – 2026 for the Logistics Industry.

(CPV) - With Australia’s support, the Innovation Alliance for Pig Biosecurity is an important step towards a safe, sustainable future for the pig farming industry in Vietnam.

(CPV) - Australian technology companies are visiting Vietnam this week to take part in the Australia Southeast Asia Business Exchange (A-SEABX) Mission, in Ho Chi Minh City.

With an export turnover of 203 million USD in the first 5 months this year, China and Hong Kong (China) are now the largest consuming markets of Vietnamese pangasius.

(CPV) - The Hanoi People’s Committee has just issued Plan 185/KH-UBND to stabilize the market of essential goods in the city.

The World Bank has approved a 107 million USD credit to enhance the capacity, efficiency, and safety of inland waterways in the southern region of Vietnam, while also aiming to reduce greenhouse gas emissions in the transport sector.

Vietnam's coffee exports have topped 3 billion USD so far this year.

The northwestern mountainous province of Son La held a departure ceremony to export red-fleshed dragon fruit products to the Italian market on June 21.

Geographical Indications (GIs) are considered an effective tool to promote the export of Vietnamese agricultural products.

A programme to promote Vietnamese lychees to Thai consumers was opened at Centralworld commercial centre in Bangkok, Thailand on June 21.

The Military Industry and Telecoms Group (Viettel), FPT Corporation, Vietnam Posts and Telecommunications Group (VNPT) are among the top 10 reputable technology companies of 2024, which were freshly unveiled by the Vietnam Report JSC on June 21.

The State Bank of Vietnam (SBV) organized an online conference to promote credit growth on June 19.

With the existing five undersea fiber optic cable lines, by 2030, at least 10 new undersea fiber optic cable lines will be put into operation, bringing the total number of Vietnam’s undersea fiber optic cable lines to 15, with minimum capacity of 350 TeraBytes Per Second (Tbps).

Industrial production of the northern province of Bac Ninh in the second quarter of 2024 has significantly improved, with the added value of the entire industrial sector estimated to increase by 9.89%.

Vietnamese agricultural product exports to Russia increased by 48.7% in the first five months of 2024, of which coffee, seafood, cashew nuts and vegetables are the products most imported by the market.

Khanh Hoa Bird’s Nest Company’s products have been exported to nearly 30 countries and territories, with a cumulative export value reaching millions of USD.

A set of lychee-shaped stickers with many different funny expressions in Thai language helps introduce the unique flavor of Vietnamese lychees to Thai consumers.

(CPV) - For Russia, Vietnam has always been an important partner in Southeast Asia. Vietnam is the first and only country in the region to have a free trade agreement with the Eurasian Economic Union. Currently, the Russian Government is trying to solve existing problems in transportation and logistics to increase trade turnover with Vietnam.

President of the Vietnam Farmers’ Union (VFU) Luong Quoc Doan led a delegation from the association to pay a working visit to Cuba from June 8 to 14 at the invitation of the Cuban National Association of Small Farmers (ANAP).

Petrovietnam managed to achieve high growth across all financial indicators despite negative impacts caused by dropping crude oil prices on its production and business activities in May.

Prime Minister Pham Minh Chinh requested that State-owned enterprises (SOEs) play the pioneering role in innovation, application and mastery of science and technology in the Industry 4.0, and in international integration and effective foreign investment while meeting with executives from over 150 major SOEs on June 15.

Prime Minister Pham Minh Chinh on June 15 required restructuring in terms of organisation, administration, finance, and input materials at enterprises in the construction materials industry towards their sustainable development.

The Da Nang Port Joint Stock Company has started operating a new container yard on 37,000sq.m after two years of construction at its Tien Sa Port, providing space for 110,000 TEUs (twenty-foot equivalent units) and increasing capacity at the port.

Tu Ky district in the northern province of Hai Duong recently held a festival to introduce and honor the value of local organic rice being grown in sand worm fields. This is another effort to enhance the value of these products, expand their market, and promote the potential for eco-tourism development in the province.

Vietnam exported 11,176 tonnes of cinnamon, worth for 31.1 million USD in May, up 75% in volume and 63% in value month-on-month.

Customers accept new levels of apartment prices in Hanoi after surging in the past months, according to OneHousing, a site trading property products and other real-estate-related services.