Trade – Investment

Vietjet inaugurated a new route connecting Ho Chi Minh City of Vietnam and Chengdu of China on February 10 – the first day of the Lunar New Year, opening up opportunities for easy travel, promoting trade and tourism between the two countries.

Improving the resilience and self-reliance of the national economy, laying a groundwork to build an independent and self-reliant economy integrated extensively and effectively into the world, holds particular significance for Vietnam in the new context, Minister of Planning and Investment Nguyen Chi Dung has said.

Vietnam shipped 230,000 tonnes of coffee abroad in January, earning 623 million USD, up 61.6% in volume and 100.3% in value year-on-year, according to the Ministry of Agriculture and Rural Development.

Vietnamese fruits have been introduced at the Fruit Logistica, the world's largest fruit and vegetable exhibition in the world, which is underway in Berlin from February 7-9.

A week-long event to honour Vietnamese products was launched at the Carrefour hypermarket in the Westfield Carré Sénart shopping centre in Seine-et-Marne province, Île-de-France, on February 7.

Prime Minister Pham Minh Chinh has recently issued a dispatch aimed at enhancing logistics connectivity to drive the consumption and export of agricultural, forestry and aquatic products, considering it one of the key tasks in agriculture and rural development.

Vietnam remained the Republic of Korea (RoK)’s third-largest trade partner for the second straight year in 2023, data showed.

In line with the 2024 plan, Indonesia was reportedly set to import approximately 3 million tonnes of rice, nearly matching the Philippines' planned import of Vietnamese rice, which will make Indonesia one of the world's largest rice importers and a key customer for the Vietnamese rice industry.

Robusta coffee prices hit a 16-year peak with an increase of 4.51% in the last week of January due to prolonged tensions in the Red Sea and inventories returning to record lows, in addition to information about concerns about short-term supply shortages, according to the Ministry of Industry and Trade.

Vietnam saw 11 projects invested abroad in January 2024 with a total registered capital of 16.2 million USD from the Vietnamese side, 9.3 times higher than the same period last year, according to the Ministry of Planning and Investment’s Foreign Investment Agency.

As Tet approaches, the consumer price index (CPI) in January increased by 0.31% from the previous month. The index rose by 3.37% compared to the same period last year; core inflation went up by 2.72%.

The number of newly-established businesses in January 2024 increased sharply in both the number and registered capital compared to the same period last year, reported the Ministry of Planning and Investment’s Department of Business Registration Management.

The Ministry of Industry and Trade has just issued an action program to implement Resolution 01/NQ-CP on tasks and solutions to implement socio-economic development plans and state budget estimates for 2024.

The Hanoi People’s Committee has just introduced a plan to mobilize overseas Vietnamese to introduce and consume products and develop distribution channels for Vietnamese goods abroad in 2020-2024.

The Vietnam Bank for Social Policies’ (VBSP) branch in Hanoi has organized a conference to carry out tasks for 2024.

Hanoi’s consumer price index (CPI) in January 2024 increased by 0.32% over the previous month and increased by 4.73% over the same period last year. This is a moderate increase for the time approaching the Lunar New Year (Tet), showing that the market situation is not as exciting as expected.

Total registered FDI capital in Vietnam reached more than 2.36 billion USD in the first month of 2024, an increase of 40.2% compared to the same period last year, according to the latest report from the Ministry of Planning and Investment’s Foreign Investment Agency (FIA).

(CPV) - The State Treasury has just announced a plan to bid for government bonds through the Hanoi Stock Exchange in the first quarter of 2024 with a total issuance of VND 127 trillion, an increase of 10% compared to the same period last year.

Meet Da Nang 2024, a programme aimed at introducing the central city’s image, strength, and readiness for international integration, was held by the municipal People’s Committee on January 26.

A complex of commercial, tourism, financial - banking, and advanced technology facilities worth over 350 million USD in total is set to be built in the vicinity of Tan Thanh Border Gate, the northern province of Lang Son.

(CPV) - SUN EDU International Education Joint Stock Company and Lac Hong University will focus on developing advanced training programs, providing not only theoretical knowledge but also practical skills for students, thereby improving their capacity and preparing them to become high-quality experts in the field of electronics and semiconductor ICs.

In 2023, canned tuna exports to Germany, the Netherlands and Italy all increased, especially exports to Italy rose by 456% compared to 2022.

(CPV) - Heineken, the world's most international brewer, has selected Siemens as a partner for its global Net Zero Production roadmap, as part of Heineken’s ambitions to reach net zero in Scopes 1 and 2 across all production sites by 2030.

With 3.64 billion USD of export value, the cashew industry exceeded the 2023 plan by 18% (3.05 billion USD), marking the highest level in recent years.

In five years since joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Vietnamese shrimp exports to Australia increased sharply, accounting for a market share of 70%, doubling the nearly 32% before signing the agreement.

Continuing the growth momentum from September, Vietnam's tuna exports to Canada grew continuously in the last months of 2023.

The Swiss-Viet Economic Forum (SVEF) made its debut at a ceremony held on January 12 in Zurich city, aiming to foster collaboration, innovation, and sustainable growth between Vietnamese and Swiss enterprises.

2023 marked a significant milestone for the forestry sector as Vietnam successfully sold 10.3 million forest carbon credits (10.3 million tonnes of CO2) for the first time through the World Bank (WB) for 51.5 million USD, said Deputy Minister of Agriculture and Rural Development Nguyen Quoc Tri.

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) continued slashing deposit interest rates on January 12, with the lowest standing at 1.7% per year.

The launching ceremony of Three Country Chapters in ASEAN of the Guangdong-Hong Kong-Macao Bay Area Entrepreneurs Alliance took place in Ho Chi Minh City on the evening of January 12.