Trade – Investment

Vietnamese Minister of Industry and Trade Nguyen Hong Dien has suggested Australia step up cooperation activities to both remove difficulties and promote bilateral trade between Vietnam and Australia.

The localities that contributed to large export turnover such as Ho Chi Minh City, Bac Giang, Thai Nguyen and Binh Duong all had export turnover decrease by many billions of USD in the first 6 months of 2023.

Minister of Planning and Investment Nguyen Chi Dung on July 14 met with representatives of the US government agencies, organisations, businesses, investment funds and large corporations to promote cooperation in innovation and technology; research, exchange experiences and attract resources to building an international financial centre; and promote and attract investment to high-tech projects in Vietnam.

A refrigerated container train was inaugurated at Song Than station in Binh Duong on July 14, in a bid to transport fresh fruits and vegetables from the southern province to Dong Dang station in the northern border province of Lang Son for transshipment to China.

Ho Chi Minh City's public spending in the first half of 2023 reached 15.43 trillion VND (652 million USD), accounting for only 23% of the budgeted amount despite the many measures it took to remove hurdles.

Over the past 35 years of attracting foreign investment (FDI), in the real estate sector alone, there has been USD66.4 billion poured into 1,100 projects.

Construction of the first eco-industrial park in the northern province of Bac Ninh has been recently kicked off in Gia Binh district.

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), as of the first half of June 2023, Vietnam's pangasius exports to Germany continued to record positive growth while the export to most of the main markets decreased from 3%-61%.

Luc Ngan lychees from the northern province of Bac Giang were officially put up for sale at Central Retail’s Tops Food Hall supermarket at CentralWorld shopping centre in Bangkok, Thailand, on July 12.

The Samsung Engineering Co., Ltd. wishes to invest in Long An, providing environmental solutions, including urban wastewater treatment plants and solutions to operate urban wastewater treatment plants.

On July 10, the national flag carrier Vietnam Airlines said that its international transportation of lychee in May, June and the beginning of July 2023 grew by 200% from the same period last year.

Investment and trade promotion activities between Da Nang and Japan are developing strongly.

In the first five months of 2023, Vietnam became Cambodia's largest trading partner among the 10 members of the Association of Southeast Asian Nations (ASEAN), with total bilateral trade accounting for nearly 50% of the trade scale between Cambodia and other countries in the region.

The first batch of Bac Giang lychees exported to Thailand via the official channel has been introduced to Thai consumers by The Mall Group at its seven shopping malls.

Deputy Prime Minister Tran Luu Quang on July 8 worked with leaders of the Mekong Delta city of Can Tho on the progress of projects using official development assistance (ODA) in the city.

Construction of Ca Na New City urban development project, which has a total investment of nearly 4.5 trillion VND (192.27 million USD), started in Thuan Nam district of the south-central province of Ninh Thuan on July 8.

The south-central coastal province of Binh Dinh always wants to strengthen cooperation with Japanese firms, a local official affirmed at an investment and trade promotion conference in Quy Nhon city on July 7.

The Vietnam-France Economic Forum 2023, themed "Towards green and sustainable development", was held in Hanoi on July 7, aiming to honour the close relationship between the two countries as well as offer a chance for policy makers, businesses and scholars to exchange cooperation plans.

Tuna exports through the EU market have made a breakthrough recently, focusing mainly on canned tuna products with an increase of 71%.

Over the past 2 weeks, the Song Khoai Industrial Park invested by Amata Group in Quang Yen coastal economic zone, Quang Ninh province, has continuously welcomed new projects from Singapore and Japan.

(CPV) - German businesses express more confidence on their business development and have positive expectations on economic growth than they did in the fall of 2022.

The first-ever Vietnam Fisheries Technology Exhibition (FISTECH 2023) opened in the north-eastern coastal province of Quang Ninh on July 5, attracting nearly 100 domestic and international firms and organisations.

The Japan International Cooperation Agency (JICA) has just provided a loan to Vietnam worth more than JPY61 billion (about VND10,670 billion) for 3 projects.

On July 5, the Vietnam International Marine & Offshore Expo (VIMOX) 2023 opened in Hanoi with the participation of more than 100 leading enterprises that provide machinery equipment and technology in the maritime industry and shipbuilding from many countries around the world.

The consumption of lychee into the US supermarket system is a great success in promoting the consumption of Vietnamese fruit in general and lychees in particular in this market.

(CPV) - The United States Department of Agriculture’s Foreign Agricultural Service in Hanoi partners with WinMart, one of the fastest growing retailers in Vietnam, to bring American tastes closer to Vietnamese consumers.

In the first 5 months of 2023, Vietnam continued to be the largest rice supplier to the Philippines, with about 1.5 million tons, accounting for 90% of the country's total rice imports, the Asia - Africa Market Department under the Ministry of Industry and Trade reported, citing figures from the Philippine Office of Statistics.

In the first 6 months of 2023, the export turnover of vegetables and fruits was estimated at USD2.8 billion, close to the figure of the whole year 2022 (USD3.3 billion).

From 2018 to 2022, Bac Ninh province attracted nearly USD7.4 billion in foreign investment.

Despite the first five months of the year seeing the export of squid and octopus drop by 13% on-year, exports to the Japanese market hit US$64 million, marking an annual rise of 4%, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).