Trade – Investment

Import-export turnover of FDI enterprises totaled more than 341 billion USD in the first 9 months of the year, down 11.9% (equivalent to more than 46 billion USD), according to the latest preliminary statistics of the General Department of Customs.

Over the past 12 months, Vietnamese sellers on Amazon sold 17 million products to customers globally, with a total value increase of 50% compared to the previous period.

Total outstanding loan balance of the Vietnam Bank for Social Polices’ (VBSP) branch in Hanoi is now 13.628 trillion VND, in which the outstanding loan balance entrusted through socio-political organizations was 13.611 trillion VND, accounting for 99.9% of the total, while the entrusted balance rose by 901 billion VND compared to the beginning of the year.

Fruit and vegetable exports have hit a new record and forecast to bring home over 5.5 billion USD in 2023.

The first phase a milk cow farm of Vietnam’s TH Group was inaugurated on October 13 in Volokolamsk district, Russia’s Moscow oblast.

Vietnam is making strong progress in advancing its standing in the global semiconductor supply chain as many of the world’s largest chip manufacturers have landed in the Southeast Asian nation, insiders said.

The three best performing businesses in the Vietnam Environmental, Social, and Governance (ESG) Initiative 2023 were unveiled at a forum held in Hanoi on October 13.

Vietnam and Russia have signed two important agreements in the field of geological exploration, and oil and gas exploitation.

The northern province of Thai Binh introduced its potential and advantages to British enterprises at an investment promotion conference in London on October 12, pledging the best possible environment for all investors.

Vietnam’s economy has passed its trough, staging a modest recovery with stronger-than-expected growth of 5.3% in the third quarter, but upside risks to inflation have resurfaced, prompting the upgrade of 2023 average inflation forecast to 3.4%, said the HSBC.

The amount of sugar import allocation in 2023 by auction method is 119,000 tons, according to the Minstry of Industry and Trade.

The information was shared by Ms. Phan Thi Thu Cuc, Deputy Director in charge of the Khanh Hoa Department of Industry and Trade, at a recent investment promotion conference.

Indonesia is Vietnam’s highest growth rice export market since the beginning of the year with a value increase of 16 times.

Total policy credit balance will reach 310.224 trillion VND by September 30, 2023, an increase of 34.6% compared to December 31, 2020, reaching an average growth rate of 11.5% a year, with nearly 6.7 million customers with outstanding loans.

Representatives from around 130 State and private enterprises operating in various fields in Cuba have attended a trade forum held by Vietnam’s Thai Binh Corporation in Havana.

The European Chamber of Commerce Vietnam (EuroCham) announced on October 9 its Business Confidence Index (BCI) for the third quarter of 2023, showing that the BCI has regained its upward trajectory in the period, which offers a glimmer of hope for the Vietnamese business environment after a turbulent year.

Vietnam’s overseas investment approximated 416.8 million USD during the first nine months of 2023, rising 4.6% year on year, reported the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

The south central province of Khanh Hoa has so far attracted six Japanese projects worth over 2.65 billion USD, or nearly 70% of the total foreign direct investment in the locality, heard the Khanh Hoa – Japan investment promotion conference held in Nha Trang city on October 7.

Vietnam’s export of rattan, bamboo, sedge and carpet products recorded a back in August to reach US$64.38 million, an increase of 4.2% from the previous month and 4.4% compared to August, 2022, according to statistics from the General Department of Vietnam Customs.

The northern port city of Hai Phong reeled in more than 3 billion USD worth of foreign direct investment (FDI) in the past nine months, up over 140% year-on-year and exceeding the yearly plan by over 52%.

A delegation from the central province of Ha Tinh paid a working trip to Slovakia from October 1-3 to promote bilateral economic ties with various localities, including Trnava region and its businesses.

Vietnam so far has more than 3,000 transportation and logistics businesses and about 25 of the world’s leading services providers are operating in the country.

The value of export-import goods going through the Mong Cai border gate in the northeastern province of Quang Ninh reached nearly 2.5 billion USD in the first nine months of the year, according to the Mong Cai city’s People's Committee.

Vietnam set a new record in rice export revenue in the first nine months of 2023 thanks to the increasing price of exported rice, according to the Ministry of Agriculture and Rural Development.

The VietShrimp Aquaculture International Fair 2024 (VietShrimp 2024), themed “In company with shrimp farmers”, will take place in the southernmost province of Ca Mau from March 20-22.

Semiconductor Company of the Republic of Korea (RoK) Hana Micron plans to invest 1 billion USD into chip production in Vietnam by 2025.

The Ministry of Transport said it has approved adjustments to the project reviewing, evaluating and recommending the results of research on planning for international airports of Da Nang, Cam Ranh and Phu Quoc for the 2021-2030 period with a vision toward 2050, and the planning scheme for Con Dao airport for the 2021-2030 period.

The September CPI in Ho Chi Minh City increased by 0.56% from August, with rises seen in the prices of eight out of 11 groups of commodities used to calculate the index.

Hanoi recorded nearly 2.53 billion USD in foreign direct investment (FDI) registered during the first nine months of 2023, maintaining its top position in FDI attraction in Vietnam, said the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

Vietnam’s trade surplus in September was estimated at 2.29 billion USD, bring the figure in the first nine months of the year to 21.68 billion USD, the General Statistics Office (GSO) announced on September 29.