Trade – Investment

Total revenue from retail sales of consumer goods and services increased 10.9% year-on-year in the first six month of this year to more than 3 quadrillion VND (127 million USD), according to the General Statistics Office (GSO).

The Government on June 30 issued Decree No. 44/2023/ND-CP on reducing the value added tax (VAT) in line with the National Assembly’s Resolution No. 101/2023/QH15 dated on June 24, 2023.

A conference on trade and investment cooperation between India and the Mekong Delta province of Dong Thap was held in Cao Lanh city on June 28 by the Dong Thap Provincial People's Committee and the Consulate General of India in Ho Chi Minh City.

(CPV) - Since establishing a cooperative relationship in 2010, the Vienam Bank for Social Policies (VBSP) has always actively supported the Laos Bank for Social Policy in the process of building, developing and restructuring through sharing experiences successfully applied in Vietnam. VBSP’s lessons have been applied and implemented in Laos with very positive initial results.

Winners of the 2023 Top 50 Corporate Sustainability Awards (CSA 2023) were honoured at a ceremony held by Nhip Cau Dau Tu (Investment Bridge) magazine in coordination with some units in Ho Chi Minh City on June 29.

The Vietnam-Canada Business Forum was organized on June 27 on the occasion of a working visit to Vancouver of the Ho Chi Minh City (HCMC) People's Committee delegation.

On June 28, in Thai Binh city (Thai Binh province), a seminar on investment and cooperation and development between Thai Binh province and Germany was held, with an aim to further promote the strong investment of the key European market to the province.

On July 5, the first container of Vietnamese specialty coffee will be exported to the Japanese market.

The International Exhibition of Energy and Environment Technology Hanoi 2023 (Entech Hanoi 2023) officially opened on June 28 in Hanoi with the participation of 175 domestic and foreign businesses.

In the first 6 months of 2023, Vietnam's total new and adjusted investment capital abroad reached more than USD320.6 million, equaling 92.7% compared to the same period last year, according to statistics from the Foreign Investment Agency.

Coffee is the export highlight of agricultural products; in just over the first 5 months of the year the industry's export revenue has surpassed USD2 billion.

On June 26, the Hai Phong City People's Committee awarded the registration certificate to increase investment capital by USD1 billion to LG Innotek Vietnam Hai Phong Co., Ltd.

In a report by Standard Chartered titled “Future of Trade: New opportunities in high-growth corridors”, Vietnam will be one of the key contributors to global trade growth. Vietnam's exports are expected to reach USD618 billion by 2030, with an annual growth rate of 7%, higher than the global average of 5%.

The Vietnamese Products Week 2023 was opened on June 23 in Japan’s Saitama Prefecture and all supermarkets and retail stores of the Aeon network in the country.

Vietnamese Ambassador to Iran Luong Quoc Huy recently attended the Iran International Food and Agriculture Exhibition 2023 (Agofood) taking place from June 16-19 and visited the exhibition booth of the National Iranian Date Association.

Automechanika Ho Chi Minh City – a leading regional trade fair for automotive services - kicked off on June 23 in Ho Chi Minh City with the participation of over 460 exhibitors from 20 countries and territories.

The first batch of fresh lychee in the 2023 crop of Bac Giang province was brought by air to Houston, Texas (the US).

Seafood export turnover in May reached over USD809 million, the highest since the beginning of the year, showing that the market is presenting signs of getting better.

More than 30 years after Vietnam and the Republic of Korea (RoK) established diplomatic relations, the two countries have become each other's leading and important partners in many fields. In December 2022, the two countries officially upgraded their relationship to a "comprehensive strategic partnership", in which the economy is the most important field.

A series of Vietnamese agricultural products have created a foothold in Gulf markets, especially seedless lemons.

In the first 18 days of June, Vietnam exported 11,305 tons of pepper, worth USD41.1 million, of which, China continued to be Vietnam's main market, reported the Vietnam Pepper Association.

In the first 5 months of this year, Vietnam exported more than 6,400 tons of star anise, equivalent to over USD39 million, up 129% in volume and 202% in value from the same period last year.

The signing of the Protocol to export durian to China has contributed to bringing the export result of this item in the first five months of 2023 to exceed the previous year by nearly a hundred million USD.

According to the Hai Phong Economic Zone Authority, from June 15 to 18, the delegation of Hai Phong city led by Secretary of the City Party Committee Le Tien Chau continued to organize investment promotion in Japan.

Over one tonne of seedless lychees grown by Ho Guom - Song Am High-tech Agriculture Co., Ltd in Thanh Hoa province have beenexported to Japan and the United Kingdom .

The first batch of Vietnamese seedless lychees arrived in the UK on June 16, becoming the fourth specialty fruit of Vietnam exported via the official channel to the demanding market this year.

A delegation of Hai Phong city led by Secretary of the municipal Party Committee Le Tien Chau paid a working trip to the Japanese prefecture of Chiba on June 16.

A seminar was held in Can Tho on June 17 to call for Japanese investment in spheres where the Mekong Delta city has demands.

The Cuu Long (Mekong) Delta province of Ben Tre is expanding the development of value chains for key agricultural products.

Over 2,000 booths from more than 500 exhibitors, including many famous brands from across the world joined in the International Exhibition for Construction, Building Materials, Housing and Interior Decor (Vietbuild) opened in Ho Chi Minh City on June 14.