Trade – Investment

According to the Bac Giang Center for Industry Promotion and Trade Promotion under the Bac Giang Department of Industry and Trade, 201 Chinese traders have registered to enter Vietnam and come to Bac Giang to sign contracts for purchasing lychees of this locality.

The Republic of Korea (RoK) imports over 100,000 tonnes of shrimp worth between US$800 million and USS$1 billion each year and Vietnamese shrimp products always account for the highest market share at over 50%.

Vietnamese agricultural products have been introduced at Balmoral Show 2023, Northern Ireland's largest annual agri-food fair that took place from May 10-13 at Balmoral Park of Lisburn city.

VinFast, a subordinate automaker of private conglomerate Vingroup, announced the arrival of its second shipment of electric vehicles, consisting of 1,879 VF 8 vehicles, at the Port of Benicia in California.

Vietnamese EV maker VinFast will be listed in the US through its business combination with local firm Black Spade Acquisition Co (Black Spade).

The aviation giant Boeing inaugurated its new permanent office in Hanoi on May 12.

Many Vietnamese and Cuban businesses attended the forum to explore investment and cooperation opportunities in various fields, especially in agriculture and energy.

The 30th Vietnam International Medical and Pharmaceutical Exhibition (Medi-pharm Expo 2023) opened in Hanoi on May 10, attracting the participation of 350 domestic and foreign enterprises from 30 countries and territories.

On May 9, the Hai Phong Economic Zone Authority presented investment registration certificates to three new FDI projects with a total investment of nearly USD91 million.

On May 7, at Cam Pha Port (Quang Ninh province), the Cua Ong Coal Selecting Company under the Vietnam Coal and Mineral Industries Group welcomed Tan Binh 279 ship, received 23,000 tons of 5a1 lump coal for export to South Africa.

According to the Hanoi Statistics Office on April 29, the index of industrial production (IIP) in April in the capital city increased by 3.3% over the previous month and by 3.6% over the same period in 2022.

A shipment of 5 tons of Ri6 durian from Vietnam officially imported by TT Meridian Ltd (UK) was cleared on May 4 and distributed to supermarkets in the UK, according to the Vietnam Trade Office in the UK.

The capital city of Hanoi attracted over 1.7 billion USD of foreign direct investment (FDI) in the first four months of this year with 103 new projects worth 35.2 million USD and 50 projects permitted to increase investment capital by 91.8 million USD.

Vietravel Airlines, a member of Vietravel Corporation, on May 5 inked an aircraft lease agreement with Cambodia Airways, a step forward in expanding its fleet as planned for the third quarter of this year.

The Management Board of Industrial Parks in the northern province of Nam Dinh on May 5 granted an investment licence to Quanta Computer Inc. of Taiwan (China) to produce laptops and desktops on an area of nearly 226ha in My Thuan Industrial Park, My Loc district.

Deputy Prime Minister Tran Hong Ha hosted a reception in Hanoi on May 5 for Wang Chuanfu, Chairman of China’s BYD Co. Ltd., which holds high competitive edge in the field of new technology.

As of April 2023, Vietnamese enterprises had 1,643 valid overseas investment projects, with a total investment capital of more than USD21.93 billion.

Mexico is a market with a large population and strong consumption, where businesses can take advantage of tax incentives to promote exports of pangasius, tra fish, tuna, rice, and textiles.

The business sector, including FDI enterprises and domestic enterprises, has invested about USD9 billion in fields related to green growth and green development.

A forum on opportunities for Vietnamese handicraft products has taken place as part of the MIDA – Florence International Crafts Fair 2023, which runs in Italy from April 25 to May 1.

Vietjet will increase the frequency of flights between Ho Chi Minh City and Melbourne and Sydney (Australia) to respond to the big demand for visiting relatives, traveling and studying abroad of people and tourists.

Vietnam is determined to pursue rapid and sustainable economic growth combined with environmental protection to progress to prosperity. To reach that goal, green growth is the inevitable choice.

Vietnam produced a trade surplus of US$6.35 billion in the first four months of the year, announced the General Statistics Office (GSO) on April 29.

Vietnam is the third largest mango supplier for the Republic of Korea (RoK) in the world, but the imports from Vietnam only account for 5.8% of the Asian country’s total, the Import - Export Department under the Ministry of Industry and Trade has reported.

Traditional handicrafts, typical food dishes, and special musical performances have attracted a large number of visitors to the zone of Vietnam at the ongoing Foire de Paris (Paris Fair) 2023 in the capital of France.

More than 1,000 agricultural and specialty products from over 20 provinces and cities across the country are being exhibited at Gigamall in HCM City’s Thu Duc city as part of the Regional Agricultural and Specialty Product Festival.

A workshop themed “The past, present and future of international business relations: A case of Vietnam - the UK” was hosted by the Vietnamese Embassy in the UK in collaboration with London South Bank University (LSBU), on April 27.

The consumer price index (CPI) in April decreased by 0.34% month-on-month, but increased by 2.81% year-on-year, according to the General Statistics Office (GSO).

Ho Chi Minh City has attracted 979.65 million USD of foreign direct investment (FDI) so far this year, down 23.45% year on year, according to the municipal People’s Committee.

Hong Kong Express Airways (HK Express) on April 28 launched a direct air route linking Hong Kong (China) with Vietnam via Hanoi’s Noi Bai International Airport.