Trade – Investment

Vietnam’s total import and export value reached 65.81 billion USD in September 2024, down 8% from the previous month, the General Department of Customs reported.

Singapore leads the list of countries or territories investing in Vietnam in the first nine months with a total investment capital of more than 7.3 billion USD, accounting for nearly 29.7% of the total investment capital, a year-on-year rise of 69%.

(CPV) - In the process of industrial development, especially for a country that is shifting its economy towards industrialization and modernization like Vietnam today, supporting industry plays a fundamental role for industries as well as the whole economy.

In a significant boost to Vietnam's sustainable coffee industry, the Dutch Fund for Climate and Development (DFCD) has awarded a non-refundable aid package of 575,000 EUR (630,786 USD) to Phuc Sinh Corp to support its Environmental, Social, and Governance (ESG) initiatives in the coffee production, processing and export chain.

Vietnam exported over 7 million tonnes of rice worth 4.37 billion USD in the first three quarters of 2024, up 9.2% in volume and 23.5% in value compared to the same period last year, the Ministry of Agriculture and Rural Development (MARD) has reported.

Over the past 70 years, the cooperative and friendly relationship between Vietnam and Mongolia has been forged through difficulties and challenges. Particularly, economic, trade and investment cooperation between the two countries has advanced.

Deputy Prime Minister (PM) Tran Hong Ha has just signed Decision 1057/QD-TTg dated September 30, 2024 recognizing Thanh Tri district, Hanoi city, as meeting the standards of advanced new-style rural areas in 2023.

Vietnam’s shrimp export to China and Hong Kong (China) continued to recover in August with double-digit growth compared to the same period last year.

China imported more than 2.8 million tons of seafood in the first eight months of 2024, worth nearly 11.4 billion USD, down nearly 6% in volume and 11% in value year on year, according to figures of the Vietnam Association of Seafood Exporters and Producers (VASEP).

The first-ever Vietnam fruit festival opened in Beijing, China, on September 29, co-organised by the Vietnamese Ministry of Industry and Trade, and Ministry of Agriculture and Rural Development.

Deli Vietnam, a subsidiary of Deli Group, a Chinese stationery manufacturer, broke ground for a US$270 million stationery factory at the Dai An Expanded Industrial Zone in Hai Duong Province on September 28.

The leaders of the northern province of Bac Ninh have just awarded investment policy decisions, investment registration certificates, memorandums of understanding and agreements in principle to 18 FDI projects, with a total capital of 5.6 billion USD.

From October 2024, the Bac Ninh People’s Committee will organize a meeting with entrepreneurs on the 13th of every month, said the organ’s office.

The Hanoi Agriculture Fair 2024 opens at AEON MALL Ha Dong shopping center, on September 26 with the participation of 700 booths and spaces promoting and introducing organic and natural products of 90 exhibitors from 28 provinces and cities.

The 2024 Global Innovation Index (GII), in which Vietnam climbed two places to the 44th among the 132 countries and economies, reflects the country’s strengths and weaknesses in innovation and helps Vietnamese firms to develop future strategies, according to insiders.

(CPV) - Australian Education Delegation in Vietnam took part in the Australia Southeast Asia Business Exchange (A-SEABX) Mission from September 25-27 in Hanoi and Hai Phong.

The Vietnam – Slovenia trade forum was co-organized by the Ministry of Industry and Trade and the Ministry of Economics, Tourism and Sports of Slovenia in Hanoi, on September 26.

The northern province of Bac Ninh has led the country in attracting FDI capital in the first eight months, with a total capital of over 3 billion USD.

(CPV) - Implementing the National Target Program on Sustainable Poverty Reduction for the 2021-2025 period, Sop Cop district (Son La) has focused resources, especially preferential policy capital to improve the effectiveness of sustainable poverty reduction work in the area.

(CPV) - After overcoming the damage caused by storm No. 3 (Yagi), VBSP Quang Ninh Provincial Branch promptly disbursed loans sourced from central and local capital to 1,620 households with a total amount of more than VND 108 billion.

In recent times, the Vietnamese financial market has made remarkable progress and is playing an increasingly important role in the economy. However, in the trend of integration and green economic development, the development of green and sustainable finance poses new opportunities and challenges for Vietnam's financial system.

As many as 17 banks in Vietnam have announced programmes to support their customers who were affected by Typhoon Yagi.

Prime Minister Pham Minh Chinh on September 21 asked the Deputy PMs, ministers, and heads of the sectors to thoroughly deal with difficulties facing businesses, explaining that settling their difficulties means coping with those of the economy, and the growth of businesses is the way to the country's development.

Prime Minister Pham Minh Chinh on September 21 chaired a meeting between Cabinet members and leaders of 13 joint stock commercial banks to seek measures to promote national socio-economic development.

Vietnam’s rubber exports topped 1.7 billion USD in the first eight months of 2024, statistics show.

The state visit to Cuba by Party General Secretary and State President To Lam next week is expected to further strengthen the two countries’ bilateral relationship, fostering their sustainable trade development.

The northern province of Bac Ninh needs to remove bottlenecks in disbursement of public investment as a key for the locality to take off in the near future, said Chairman of the Bac Ninh People’s Committee Vuong Quoc Tuan at a recent regular meeting.

(CPV) - Australian and Vietnamese experts on September 18 gathered in a conference on energy transition in Hanoi.

After a decrease in July, credit in Ho Chi Minh (HCM) City in August 2024 increased by 4.68% compared to the end of 2023.

(CPV) - The capital’s economy has improved significantly since the beginning of 2024, with many important indicators showing high growth rates.