Trade – Investment

(CPV) - The Vietnam Bank for Social Policies (VBSP) has coordinated with the Ho Chi Minh National Academy of Politics to successfully organize a national scientific seminar on social policy credit and issues of implementing and ensuring social security.

(CPV) - ResponsAbility Fund (Switzerland) continues to support 20-million-USD debt financing for CME Solar Investments (CME Solar) to develop renewable energy projects in Vietnam.

An innovative e-traceability system to track the origin and carbon footprints of each dragon fruit have been introduced at a conference in the south-central province of Binh Thuan.

The Vietnamese Week in Thailand 2023 themed “the Magic Taste of Vietnam” was jointly held by the Ministry of Industry and Trade and Thai Central Retail at Central World, Bangkok, on August 16.

Israel has proposed establishing a cooperation fund with Vietnam to support Israeli start-ups investing in Vietnam.

(CPV) - Siemens marks its 30th anniversary of official establishment in Vietnam with an Appreciation Dinner on August 16 in Ho Chi Minh City.

The Vietnam-Republic of Korea (RoK) trade promotion week will take place in the northern port city of Hai Phong from September 1-10, which is part of activities to celebrate the 31st anniversary of Vietnam- RoK diplomatic relations.

According to the General Department of Customs, Ho Chi Minh City and Bac Ninh were two localities that recorded export turnover of goods exceeding USD20 billion.

Sunrise Material of Singapore signed an agreement with Vietnam’s Dai Phong infrastructure development joint stock company on August 11 to develop a polymer wrap film production project worth 100 million USD in the northern province of Nam Dinh.

Vietnam's fruit and vegetable industry achieved a record of export growth in the first 7 months of this year, bringing in USD3.23 billion, up 68.1% over the same period last year. With the current growth rate, it is forecasted that in the remaining 5 months, fruit and vegetable exports will reach from USD2.5-2.7 billion, according to the Import and Export Department under the Ministry of Industry and Trade.

Vietnam is still the largest shrimp supplier to Japan, accounting for a market share of 23.7%, while Thailand ranks second with a market share of 17.7%, the Vietnam Association of Seafood Exporters and Producers (VASEP) has reported.

Thanks to incentives under the EU-Vietnam Free Trade Agreement (EVFTA), Vietnam has emerged as an appealing destination for enterprises from the European Union (EU) in general and Northern Europe in particular, Vietnam’s Trade Counsellor in Sweden and Northern Europe Nguyen Thi Hoang Thuy has said.

The average price of Vietnam's exported coffee in July set a new record by being traded US$2,828 per tonne, growing by 5.4% against June, marking a rise of 23.4% over the same period from last year.

Thanks to incentives under the EU-Vietnam Free Trade Agreement (EVFTA), Vietnam has emerged as an appealing destination for enterprises from the European Union (EU) in general and Northern Europe in particular, Vietnam’s Trade Counsellor in Sweden and Northern Europe Nguyen Thi Hoang Thuy has said.

The 2023 VietFood & Beverage - Propack Vietnam international exhibition opened at the Saigon Exhibition and Convention Center (SECC) in District 7, Ho Chi Minh City on August 10 with the participation of more than 700 businesses from 20 countries and territories.

Vietnamese tourists have a high occupancy rate and a stable growth rate among the total number of visitors to Phuket, Thailand, especially in the post-COVID-19 pandemic period.

The HCMC-Perth direct route will be launched from November 21, 2023 with a frequency of two return flights per week, according to Vietjet.

The Vietnam International Logistics Exhibition (VILOG) 2023, the first of its kind, opened at the Saigon Exhibition and Convention Center (SECC) in District 7, Ho Chi Minh City on August 10.

In July, Korean investors alone poured more than USD1.1 billion into Vietnam, bringing the total investment capital of Korean enterprises in Vietnam in the first 7 months to USD2.34 billion, accounting for 14.4% of the total foreign investment capital to Vietnam in the first 7 months of the year.

In the first 6 months of 2023, China purchased 50,369 tons of pepper from Vietnam, up 798%, which was nearly 8 times compared to the same period last year.

A delegation from the US’s California state including representatives from the San Francisco Bay Area Council and the Vietnamese-American Business Association (VABA), led by Mayor of Oakland Sheng Thao, paid a working visit to Long An province on August 8.

The Vietnam-India business forum was jointly organised by Vietnam’s Ministry of Industry and Trade, the Vietnamese Embassy in India, and the PHD Chamber of Commerce and Industry in New Delhi, India on August 7.

The Free Trade Agreements with the United Arab Emirates (UAE), EFTA bloc and free trade agreements in ASEAN are being actively implemented, the Ministry of Industry and Trade reported.

A direct flight connecting Ho Chi Minh City (Vietnam) and Jakarta (Indonesia) has been launched by VietJet Air.

Vietnam's modernization within the framework of Vietnam-Japan cooperation towards 2020, with a vision to 2023, prioritizes the development of 6 industries.

Japan has surpassed the United States to become the leading importer of Vietnamese aquatic products during the second quarter of the year, raking in US$713 million, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Vietnam and Iran have a lot of potential to promote cooperation in various sectors in the future, Dr. Abed Akbari, Director of the Tehran International Studies and Research Institute told Vietnam News Agency correspondents in the Middle East on the occasion of 50th anniversary of the Vietnam-Iran diplomatic ties (August 4, 1973-2023).

The total disbursement of public investment reached 267.6 trillion VND (11.2 billion USD) as of the end of July, fulfilling only 35.49% of the plan set for 2023, but higher than the 34.47% recorded in the same period last year, according to the Ministry of Finance.

Vietnamese exporters have encountered many challenges due to rising inflation worldwide, the downward trend in commodity prices and the falling demand in many export markets. In such a difficult context, the firms are urged to diversify export markets besides traditional ones, experts have suggested.

On August 3, in Ho Chi Minh City, the United States Department of Agriculture (USDA) cooperated with MM Mega Market Vietnam to introduce to the people and visitors the typical culinary dishes from this country called "Discovering the taste of US".