Trade – Investment

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.

Industrial production in the first 10 months of 2023 in Ho Chi Minh City has had much prosperity, as the production index of 4 key industries enjoyed sharp increases compared to the same period last year.

China is the second largest export market of Vietnam in Jan-Oct 2023, with an estimated turnover of 49.5 billion USD, a year-on-year rise of 5%, according to the Ministry of Industry and Trade.

With 90.49% of approval votes, the National Assembly (NA) on November 9 adopted a resolution on the socio-economic development plan for 2024, which sets a target of 6.0 - 6.5% growth in gross domestic product (GDP) for the year.

A business seminar has been held in Nograd county of Hungary with a view to promoting economic and trade relations between Vietnam and the European country.

The organizers of the Campaign "Vietnamese people prioritize using Vietnamese products" in Hanoi have selected 150 products and services of 140 businesses in 18 product and service groups to be recognized as Top Vietnamese products loved by consumers in 2023.

Vietnam’s aquatic exports to major markets such as the United States and China have seen a remarkable increase recently due to a rebound in demand for seafood products during the year-end period, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Vietnam's first electric vehicle (EV) maker VinFast plans to build a plant with an investment capital of 18.6 trillion Rp (1.2 billion USD) in Indonesia, according to Presidential Chief of Staff of Indonesia Moeldoko.

Disbursement of public investment capital by October 31, 2023 is estimated at 401,863.4 billion VND, fulfilling 56.84% of the year’s plan assigned by the Government leader, according to the Ministry of Finance.

A webinar was held by the Export Support Centre under the Ministry of Industry and Trade’s Vietnam Trade Promotion Agency on November 3 to seek ways promoting the export of farm produce, processed and Halal food to Indonesia.

Nearly 30 leading Japanese corporations and firms are recruiting over 2,500 employees and interns in Japan and Japanese affiliates at the Japan Job Fair 2023 in Ho Chi Minh City on November 4.

A delegation of Japan’s Shiga prefecture led by Governor Mikazuki Taizo visited and had a working session with the People’s Committee of Ha Nam on November 3 to learn about this northern province’s investment environment.

More than 30 Vietnamese enterprises have their agricultural products and processed food introduced at World Food India (WFI) 2023 that opened in New Delhi, India, on November 3.

(CPV) - Not only vegetables, but many agricultural products such as rice, coffee, and cashew nuts reached new records in exports, according to the Ministry of Agriculture and Rural Development.

Vietnam’s real estate market is witnessing a rising number of merger and acquisition (M&A) deals, with the engagement of both foreign and domestic investors.

A delegation from the central province of Binh Dinh led by Secretary of the provincial Party Committee Ho Quoc Dung on November 3 organised an investment promotion conference in the Republic of Korea (RoK) as part of their visit to the country.

Deputy Minister of Finance Vo Thanh Hung and Dutch Ambassador to Vietnam Kees van Baar on November 2 exchanged the Memorandum of Understanding (MoU) on the implementation of the Vietnam-Netherlands agreement on cooperation and mutual administrative assistance in customs matters.

Vietnamese Minister of Industry and Trade Nguyen Hong Dien and Mongolian Minister of Food, Agriculture and Light Industry Khayangaa Bolorchuluun signed a memorandum of understanding on sustainable rice trading in Hanoi on November 1, in the presence of President Vo Van Thuong and his Mongolian counterpart Ukhnaagiin Khurelsukh.

The value of tuna exports to Canada in September 2023 has reversed, increasing by 44% over the same period last year, worth 3 million USD, cutting the reduction momentum of the previous 8 consecutive months, according to statistics from the General Department of Customs.

Vietnam’s rice export price is still leading the world, exceeding Thailand and Pakistan, while the 10-month export value has surpassed the record of the same period within the last 14 years.

(CPV) – Vietnam’s total export and import turnover of goods is estimated to reach 557.95 billion USD in January-October 2023, and the trade balance of goods was estimated to have surplus of 24.61 billion USD, according to the General Statistics Office (GSO).

Rise in tuition fees in some localities and domestic rice price increases are the main reasons the consumer price index (CPI) in October 2023 surged by 0.08% compared to the previous month.

The country saw 15,400 enterprises established and 5,600 enterprises resuming operation in October, according to the General Statistics Office (GSO).

The Vietnam Oil and Gas Group (Petrovietnam) and its partners signed and started to implement the Block B – O Mon gas-to-power value chain project at a ceremony in Hanoi on October 30 with Prime Minister Pham Minh Chinh attending.

The Hanoi People’s Committee has issued Plan 257/KH-UBND on promoting exports in Hanoi in 2024.

The Hanoi Promotion Agency, in collaboration with relevant departments and agencies, launched Hanoi Mega Sale 2023 in the capital city on October 27 evening.

Vietnam is the world's sixth-largest fibre exporter and the world's third-largest exporter of textiles and garments - just behind China and Bangladesh.

(CPV) - Many world experts and economic research organizations have adjusted Vietnam's growth forecast for this year and next year. Growth forecast adjustments show that Vietnam's economy is gradually recovering and has positive growth compared to other economies.

Vietnamese durian exports to the UK have increased due to high demand for this fruit and the advantages of the UK-Vietnam Free Trade Agreement (UKVFTA).