Trade – Investment

A Vietnam-Japan Investment Forum was held in Yokohama city of Japan's Kanagawa prefecture on September 8 as part of activities to celebrate the 50th anniversary of bilateral diplomatic relations.

Products from nearly 30 Vietnamese exhibitors are drawing visitors at the Maison & Objet - Paris 2023, a reputable international fair about lifestyle, interior design, home decoration underway in Paris from September 7-11.

Kurz Vietnam Co. Ltd. on September 8 inaugurated a hi-tech coating and thin film factory at Becamex Vietnam-Singapore Industrial Park (VSIP) in the south central province of Binh Dinh.

About 400 delegates from the Ministry of Foreign Affairs, Yamaguchi prefecture of Japan as well as Vietnamese and foreign businesses gathered at the "Meet Japan 2023" programme held in the southern province of Binh Duong on September 8.

The Ministry of Construction, the Vietnam Association of Architects and the Kien Giang Provincial People’s Commitee opened the Architecture Expo 2023, the first of its kind in Vietnam, in Phu Quoc city on September 8.

Trade offices of the embassies of Vietnam and ASEAN member states in Saudi Arabia have co-ordinated with the Lulu supermarket chain to organise Amazing ASEAN Week from September 6 to September 12 in the Saudi Arabian capital of Riyadh.

The 23rd Vietnam International Agricultural Trade Fair (AgroViet 2023) themed “Connecting value chains, developing ecological and sustainable agriculture” will take place in Hanoi from September 14 to 17.

In 2024, if Vietnamese durian has more planting area codes granted by Chinese authorities, durian exports are expected to reach USD2 - 2.5 billion, according to Mr. Dang Phuc Nguyen, Secretary-General of the Vietnam Fruit and Vegetables Association.

Tuna exports are increasing strongly, especially canned products with an increase of 468% from the same period in 2022, according to Vietnam Association of Seafood Exporters and Producers (VASEP).

Two firms of the Republic of Korea - Han Hwang Ind and Shin Shin Machinery – have been licensed to invest US$5.1 million into HanShin Metal Vina to produce auto spare parts in the south-central province of Binh Dinh.

National flag carrier Vietnam Airlines recently announced a direct flight service between Ho Chi Minh City and Australia’s Perth city which is due to be put into operation on December 7.

A Vietnam - Republic of Korea (RoK) trade promotion week kicked off in the northern city of Hai Phong on September 1.

Deputy Prime Minister Tran Hong Ha has signed a decision approving a plan for the implementation of the Political Declaration on establishing the Just Energy Transition Partnership (JETP Declaration).

A record number of 103,658 new firms were established in the first eight months of this year, a rise of 2.3% year on year and 1.2 times higher than the average number for the same period during 2018-2022, reported the Ministry of Planning and Investment (MPI).

Ho Chi Minh City attracted US$1.97 billion in foreign direct investment (FDI) during the eight months of the year, a fall of 27.2% against the same period from last year, according to the Ho Chi Minh City Statistical Office.

Vietnam is among exhibitors at the 12th edition of the World Chili Pepper Trade Fair in the city of Rieti, Italy, from August 30 to September 3, showcasing not only its best chili products but also other spices like pepper, tea, coffee, cinnamon and anise.

In the first eight months of 2023, rice exports reached USD3.17 billion, up 36.1% over the same period, according to the latest statistics from the Ministry of Agriculture and Rural Development.

The first international rice festival will be held in the Mekong Delta province of Hau Giang in late 2023.

The total foreign investment capital registered in Vietnam reached USD18.15 billion in 8 months, up more than 8% over the same period last year.

Surpassing Japan, China now ranks third among the countries and territories with significant investments in Vietnam since the beginning of the year.

Vietnam's import and export turnover to the Asian market during the opening seven months of the year reached US$241.84 billion, accounting for the largest proportion at 65% of the total import and export value of Vietnamese goods to the world and a drop of 13.5% on-year, according to the General Department of Customs.

Samsung Vietnam, in collaboration with the Ministry of Industry and Trade and localities, held the closing ceremony of the "Smart Factory Development Cooperation Project", phase 1/2023 at 12 participating enterprises in the North to summarise and evaluate the performance of the project.

Fruit and vegetable exports during the past eight months stood at an estimated US$3.5 billion, up nearly 56% over the same period from last year, hitting a record high for the fruit and vegetable industry, according to statistics released by the General Department of Vietnam Customs.

Vicem Ha Tien Cement Joint Stock Company (Vicem Ha Tien) has announced that its first batch of cement exported to the US will arrive at Guam port later this month.

A ceremony was held in the northern mountainous province of Hoa Binh on August 25 to ship a batch of 17.3 tonnes of fresh sugarcane to the US.

Vietnam enjoyed a trade surplus of 16.25 billion USD as of August 15, according to the General Department of Customs.

According to the General Department of Customs, Vietnam's import and export of goods in the first 7 months of 2023 to the Asian market region reached USD241.84 billion, accounting for the largest proportion of 65% of Vietnam’s total import and export value of goods to the world, a decrease of 13.5% from the same period last year.

According to the latest statistics of the General Department of Customs, in the first 7 months of the year, the total import-export turnover between Vietnam and China reached more than USD89 billion.

The 2023 Hanoi Supporting Industry Fair officially kicked off at the National Architectural Planning & Construction Exhibition in the capital on August 23.

The Vietnam Association of Seafood Exporters and Producers (VASEP) opened the Vietnam Fisheries International Exhibition (VIETFISH EXPO 2023) at the Saigon Exhibition and Convention Centre in Ho Chi Minh City (HCMC) on August 23.