Trade – Investment

The second Krong Pac Durian Festival in the Central Highlands province of Dak Lak, themed “Krong Pac Durian – Integration and Development”, will be held from August 31 to September 2, 2024 with a series of 12 events.

Overseas remittances to Ho Chi Minh City in the first six months of 2024 reached 5.178 billion USD, equal to 54.7% of the whole year 2023 and an increase of 19.5% over the same period last year, said Mr. Nguyen Duc Lenh, Deputy Director of the State Bank of Vietnam’s branch in the city.

The Kien Giang Department of Agriculture and Rural Development on July 16 launched the project of one million hectares of specialized rice cultivation with high quality and low emissions associated with green growth in the Mekong Delta until 2030.

The Bac Ninh Party Committee on July 15 held a conference to summarize 10 years of implementing Directive 40-CT/TW dated November 22, 2014 of the 11th Secretariat on strengthening the Party’s leadership for social policy credit in the northern province.

(CPV) - The Ha Nam provincial Party Committee has held a conference to summarize 10 years of implementing Directive 40-CT/TW dated November 22, 2014 of the Secretariat on “Strengthening the Party’s leadership over social policy credit”.

Vietnam exported 142,586 tonnes of pepper in the first half of this year, down 6.8% in volume but up 30.5% in value, the Vietnam Pepper and Spice Association (VPSA) has reported.

The Hanoi Party Committee on July 9 held a conference to summarize 10 years of implementing Directive 40-CT/TU, dated November 22, 2014 of the Secretariat on “Strengthening the Party’s leadership towards social policy credit” in the capital.

Container intermodal cargo ships have become the main transportation method to promote Vietnam-China trade exchange, with impressive figures of 4,928 containers in the first half of the year, a year-on-year rise of 1,565%.

Free trade agreements (FTAs) are considered an important step for the seafood industry, including pangasius, to “take off”, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Vietnam imported 443 tons of cinnamon in May with a turnover of 1 million USD, an increase of 18.8% in volume from the previous month, according to statistics from the Vietnam Pepper Association (VPA).

Vietnam is the 18th largest non-bloc vegetable, tuber and fruit supplier to Germany in the first three months of 2024, worth about 9.5 million USD, a year-on-year increase of 16.1%, according to the Ministry of Industry and Trade’s Import-Export Department.

By 2030, the country will have 173 fishing ports, including 39 of level 1, which are capable of handling about 2.98 million tonnes in total each year, and 160 storm shelters capable of accommodating about 90,600 fishing vessels.

Vietnam’s average rice export price to Brunei is up to 959 USD a ton in the first five months of 2024, according to data from the General Department of Customs.

Vietnam is in the process of promoting negotiations on the Free Trade Agreement (FTA) with the South American Common Market (Mercosur), to turn this FTA into a driving force to exploit the Latin American export market.

The better-than-expected growth and a big trade surplus were among the results recorded during the first half of 2024, heard the Government’s regular press meeting held in Hanoi on July 6.

Construction started on the Quang Tri airport project, which has an initial outlay of 5.8 trillion VND (227 million USD), in Gio Linh district on July 6 by the People’s Committee of the central province of Quang Tri and a joint venture between T&T Group and CIENCO 4.

Domestic and foreign scholars on July 5 exchanged experience in developing Halal ecosystems in countries at an international workshop held by the Vietnam Academy of Social Sciences (VAAS) in Hanoi.

The results of the 2023 Open Budget Survey (OBS 2023) by the International Budget Partnership (IBP) showed that Vietnam’s budget transparency ranking continued to rise to 57th out of 125 countries, an increase of 11 places compared to the 2021 evaluation and a rise of 20 places compared to 2019.

Crab exports to the Chinese market in the first five months of 2024 reached more than 41 million USD, a year-on-year increase of 502%, according to statistics from the General Department of Customs.

Vietnam harvested 3.48 million hectares of rice in the first six months of 2024, a year-on-year rise of 0.5%, while the average yield reached 67.1 tons per ha, a rise of 0.7% and output on harvested area reached 23.3 million tons, a year on year rise of 1.6%, according to the Ministry of Agriculture and Rural Development.

Foreign businesses injected nearly US$15.19 billion worth of foreign direct investment (FDI) into the Vietnamese economy in the first six months of 2024, representing a year-on-year rise of 13.1%, according to the General Statistics Office.

In the first half of the year, there were 80,500 newly-registered enterprises with a total registered capital of VND744.2 trillion and 512,000 new labourers, rising by 6.1%, 5.2%, and 0.4%, respectively, from the same period a year ago, according to the General Statistics Office (GSO).

In a move to ease burdens and bolster economic activity, the Ministry of Finance has announced reductions in fees and charges for various services.

Export turnover of agricultural, forestry and fishery products is estimated to reach 29.2 billion USD in the first six months of the year, up 19% year on year, according to the Ministry of Agriculture and Rural Development.

Rubber exports to India in the first five months of the year grew by double digits, making it Vietnam’s second largest rubber export market.

Forbes Vietnam magazine has just published a list of the 50 best listed companies in Vietnam with appearance of leading businesses in many fields, typical representatives of business industries and famous names on the stock exchange.

Aiming to build a green financial market and support small and medium-sized enterprises in Vietnam, the International Finance Corporation (IFC) will provide a funding package of 150 million USD for SeABank.

Among Vietnam’s tuna products exported to the EU in the first five months of 2024, canned tuna is the main product, accounting for nearly 49% of the total turnover, according to the Association of Seafood Exporters and Producers (VASEP).

The Philippine Government has issued a decree to cut taxes on many products, offering opportunities for Vietnamese rice to increase exports to the country, according to the Vietnam Trade Office in the Philippines.

The EU imported 18,474 tons of pepper from foreign markets in the first four months this year, worth 83.7 million EUR, an increase of 22.9% in volume and 27% in value compared to the same period in 2023, according to data from the the Statistical Office of the European Union (Eurostat).