Trade – Investment

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.

(CPV) - Vietnam’s GDP in 2023 expanded by 5.05% from the previous year, placing it among the highest group in the region and the world, according to the General Statistics Office (GSO).

In 2023, India and the US are the two main export markets of Vietnamese cinnamon, of which India accounts for 42.6% and the United States accounts for 11.4%.

Vietnam’s processed fruit and vegetables continue to be among export items worth more than 1 billion USD in 2023 after steadily growing in recent years.

(CPV) - Canada continues to commit to helping Vietnam move forward on the path towards sustainable and inclusive growth. This is the goal of Canada’s Indo-Pacific strategy, and Vietnam holds a central place in this strategy.

Total policy credit capital by December 31, 2023 reached more than 346 trillion VND, an increase of more than 49 trillion VND (equivalent to 17%) against 2022, according to the Vietnam Bank for Social Policies (VBSP).

In the year of 2023, despite fluctuations in the world economy, Vietnam's macroeconomic picture still had many bright spots.

Deputy Prime Minister Tran Hong Ha has signed a decision to issue an implementation plan serving the Mekong Delta region planning for 2021 – 2030, with a vision towards 2050.

The investor community, businesses, and people enter 2024 with greater expectations about economic recovery and promoting growth to help the national economy make a breakthrough in the time ahead.

The State Bank of Vietnam (SBV) forecast that nearly VND2 quadrillion would be pumped into the national economy in 2024 to support economic recovery if the 15% credit growth target is met.

The Ministry of Oceans and Fisheries (MOF) of the Republic of Korea (RoK) said on January 5 that it has kicked off a corporate body in Vietnam, paving the way for the operation of a logistics centre in the Southeast Asian country to support small- and medium-sized enterprises.

Deputy Prime Minister Tran Luu Quang has just signed Decision 1740/QD-TTg approving the Project on developing the slaughterhouse industry and the livestock product market until 2030.