Trade – Investment

From now until October, Vietnam will export 2 million doses of African swine fever (ASF) vaccines to the Philippines and Indonesia, according to Head of the Department of Animal Health.

In the first 7 months of 2023, the export value of agricultural and livestock products grew well, but the export value of aquatic products, forest products and production inputs decreased by more than 25% compared to the same period last year.

The Ministry of Agriculture and Rural Development said that, in mid-August, the General Administration of Customs of China will conduct a field inspection of Vietnamese fresh coconuts to consider allowing official exports to this country.

Khanh Hoa province always welcomes and supports foreign enterprises and investors, including those from Canada, so that they can gain success in doing business in the locality, Nguyen Khac Toan, Chairman of the provincial People’s Council has said.

Vietnam recorded a trade surplus of about 15.23 billion USD in the first seven months of this year, an increase of 1.34% over the same period last year, according to data released by the General Statistics Office of Vietnam (GSO) on July 29.

Vietnamese auto maker VinFast on July 28 held a groundbreaking ceremony of its electric vehicle factory in North Carolina, marking an important step in the company's strategy to expand its market, develop its global electric vehicle brand and become self-sufficient in its supply in North America.

The national consumer price index (CPI) in July grew by 0.45% month-on-month, fueled by higher prices of food, foodstuff and electricity, the General Statistics Office (GSO) said on July 29.

A conference was held in the Mekong Delta province of Long An on July 28 to call for Japanese investment, on the occasion of the 50th anniversary of Vietnam-Japan diplomatic ties this year.

The 2023 Cross-border E-commerce Expo Vietnam, the first of its kind, will be organized by Vinexad National Trade Fair and Advertising Joint Stock Company in Ho Chi Minh City from August 10-12.

More than 1,000 domestic and international brands in the cosmetics and beauty industry are showcasing their products and technologies at the Vietbeauty & Cosmobeauté Vietnam, which opened at Saigon Exhibition and Convention Center in District 7, Ho Chi Minh City (HCMC) on July 27.

(CPV) - The Vietnam Bank for Social Policies (VBSP) had a meeting and worked with the delegation of the Ministry of Agriculture and Livestock Development of Nepal (MoALD) led by Mr. Durga Prasad Pandit, Under Secretary of the Ministry, on July 26.

A conference has been recently organized in Tokyo, Japan to connect Japanese investors with Vietnamese localities, industrial parks, and enterprises.

On July 25, at the conference to announce the planning and investment promotion programmes of Long An, the province awarded investment certificates to 9 investors with a total registered capital of VND40,400 billion (equivalent to USD1.7 billion).

Vietnam has become the first Southeast Asian country to sign a free trade agreement with Israel. After signing, the agreement will be quickly approved to soon bring benefits to both economies.

The first batch of two One Commune One Product (OCOP) products - turmeric starch and pink-fleshed Eureka lemon in honey of the northern province of Hoa Binh, was exported to the United Kingdom (UK) on July 25.

According to preliminary data released by the General Department of Customs, in the first half of July, the country exported 249,273 tons of rice, with a turnover of USD135.45 million.

The 27th International Exhibition on Food - Beverage & Technology Equipment on Processing and Packaging of Food and Beverage (Vietfood & Beverage - Propack Vietnam 2023) will officially take place August 10-12 in Ho Chi Minh City.

The retail prices of petrol increased sharply by VND1,220 to VND1,300 per litre as of 3 p.m. on July 21, following the latest changes made by the Ministry of Industry and Trade and the Ministry of Finance.

Ho Chi Minh City held a conference on July 21 to announce an action plan on the implementation of the socio-economic cooperation agreement between Vietnam’s southern economic hub and the Mekong Delta in 2023 and the 2024-2025 period.

A number of export agricultural products are set to continue to maintain their growth momentum ahead in the second half of this year, with fruit and vegetables being the main export items, followed by rice and coffee, according to the Ministry of Agriculture and Rural Development (MARD).

It is necessary to further step up trade promotion activities and disseminate information to the business community about the benefits of the EU-Vietnam Free Trade Agreement (EVFTA) to take advantage of strengths of both Vietnam and Austria to further boost bilateral trade ties.

Fishermen in the south central coastal province of Ninh Thuan brought ashore 55,802 tonnes of seafood in the first six months of 2023, up 7.4% year on year.

National Assembly Chairman Vuong Dinh Hue on July 21 chaired a consultation conference on the organisation of the 2023 Vietnam Socio-Economic Forum.

The office of the UAE - Dubai International Chamber of Commerce, its third office in Southeast Asia after Singapore and Indonesia, was opened on July 20 to promote Vietnam's trade with the UAE.

The Vietnamese Goods Week 2023 in Thailand themed "Ho Chi Minh City and the Mekong Delta" will take place at the Central World Trade Centre in Bangkok from August 16 to 20.

Exports of rice and vegetables reported sudden increases, of 34.7% and 64.2%, respectively.

In the first half of 2023, coffee exports to many markets decreased, but coffee exports to Algeria and Indonesia increased by 3 digits compared to the same period last year.

VinFast, the subsidiary automaker of Vietnamese conglomerate Vingroup, will organize a groundbreaking ceremony of its electric vehicle (EV) factory in North Carolina, the US, on July 28.

(CPV) - With the increasing demand for rooftop solar installations in the FDI manufacturing sector in Vietnam, led by electronics/semiconductor and textile sectors, Vietnam is considered an attractive market for investors to develop rooftop solar energy.

National flag carrier Vietnam Airlines has rescheduled international flights on July 17 due to storm Talim, the first of its kind forecast to hit Vietnam this year.