Trade – Investment

Prosecutor General of the Supreme People's Procuracy of Vietnam Le Minh Tri has described businesses as particularly important entities, contributing to the economic stability and development, generating jobs for people and paying taxes to the national budget.

The 17,943-tonne container ship Ever Chaste from the Hai Phong port docked at the Republic of Korea’s Ulsan port on June 15, marking the opening of a new regular container shipping route between the two ports.

Leaders of the Quang Ninh Provincial People's Committee recently had a working meeting with Tamagawa Seiki Co., Ltd (Japan) led by Mr. Yasuo Hagimoto, the company's President, on a new investment project in Song Khoai Industrial Park.

Vietnamese Company Ca Men and LNS International Corporation (LNS) recently signed an agreement on exclusive distribution for Ca Men-branded powdered snakehead fish porridge and other packaged products in the US market.

Japan's Meiko Group has recently worked with the leaders of Hoa Binh province on the proposal of an investment project in a factory producing all kinds of electronic circuits in Da River Left Bank Industrial Park in Hoa Binh city.

According to the Management Board of Hai Phong Economic Zone, from June 11 to 14, the delegation of Hai Phong city promoted investment in the Republic of Korea (RoK) and signed an investment cooperation agreement worth USD1.5 billion.

In the first 4 months of 2023, tuna exports to Mexico reached nearly USD7.4 million, up 44% from the same period in 2022, making Mexico Vietnam’s 8th largest tuna importer, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Two-way trade turnover between Vietnam and Kazakhstan has increased by about 3 times compared to the level before the Vietnam-EAEU Free Trade Agreement was signed.

The export of lychees from Vietnam to high-value markets has very positive signals, the Plant Protection Department under the Ministry of Agriculture and Rural Development has reported.

Vietnamese instant noodle products imported into the European Union (EU) market will not be required of certificates of food safety inspection issued by Vietnam’s authorised agencies from June 27.

Plum grown in the northwestern province of Son La will be served on in-flight meals on Vietnam Airlines flights.

Around 200 exhibitors from Vietnam and around the world will participate in Vietnam International Industry Show 2023 which is scheduled to take place at Hanoi International Centre for Exhibition (ICE Hanoi) from June 28 to 30.

A shipment of 30 tonnes of fresh lychees from Bac Giang northern province’s Luc Ngan district has been firstly exported to China via the Kep international intermodal rail terminal.

On June 7, the Investment and Trade Promotion Center of Ho Chi Minh City (ITPC) in collaboration with the Embassy of the Republic of Poland in Vietnam and the Office of the Polish Trade and Investment Office in Ho Chi Minh City held the Poland-Vietnam information and telecommunications conference.

On June 7, the Tien Ngan Trade Investment Co., Ltd in collaboration with the Department of Agriculture and Rural Development of Hoa Binh province held a ceremony to export the second shipment of 18 tons of fresh sugarcane to the US market.

The TT Meridian Company has just imported 1 ton of Vietnamese early ripening lychees into the UK. This was the first official shipment of Vietnamese lychees to the UK this year.

Binh Dinh province will sign cooperation and investment agreements with Japanese businesses and partners at the event "Meet Binh Dinh - Japan in 2023" on July 7.

In the first 4 months of 2023, durian export value reached USD190.5 million, up 573.1% from the same period in 2022. Of which, 84.3% of the total value was exported to China.

On June 4, during the official visit to Vietnam by Australian Prime Minister Anthony Albanese, after the talks, Prime Minister Pham Minh Chinh and Prime Minister Anthony Albanese witnessed the exchange of cooperation documents and the opening of 2 direct flights between the two countries.

Vietnam will develop and diversify rice export markets with a reasonable, stable, and effective scale, market and product structure under a strategy recently approved by the Prime Minister.

The Republic of Korea (RoK)’s Consulate General in Da Nang on June 2 held a forum in Quang Nam province on June 2 to highlight the corporate social responsibility (CSR) that RoK firms have shown in the central region.

The total State budget revenue in the first five months of this year reached over 663.84 trillion VND (28.27 billion USD), equivalent to 48.3% of the ordinance estimate and 96.9% compared to the figure in the same period last year, reported the General Department of Taxation on June 2.

In the first five months of this year, Hanoi reported more than 13,000 newly established enterprises, with a registered capital of VND125,900 billion, according to the City Department of Planning and Investment.

In the first phase, Singapore’s COT Group will lease 6.6 hectares to invest in the construction of the project and will expand the investment scale with a land use demand of about 20 hectares in the next 5-8 years in Hung Yen province.

Binh Dinh wishes Japanese investors and businesses to study and survey investment in the locality.

On May 31, in Binh Duong, Mr. Luis Pablo Maria Beltramino, Argentinian Ambassador to Vietnam, cut the ribbon to inaugurate Serendipity Bros Factory with investment capital of more than USD300,000.

Grapefruit grown in Phuoc Binh commune, Bac Ai district in the south-central province of Ninh Thuan has received a farming area code, making it eligible for export to the US in the coming time.

The book entitled "Vietnam's direct investment abroad and in Myanmar", the first book on Vietnam's outward investment, was launched by the Vietnam-Myanmar Friendship Association and Institute for International Investment Studies (ISC) in Hanoi on May 31.

The Vietnamese retail market is considered to have high potential and is attracting the attention of foreign businesses, including Israeli and Brazilian businesses.

In the first 5 months of 2023, fruit and vegetable exports reached over USD1.8 billion, up nearly 29% from the same period last year, the General Department of Customs reported.