[Round-up] Vietnam Joins Efforts to Revive TPP, British Firms Want to Join Tan Son Nhat Expansion Project

Tuan Minh

20:17 29/08/2017

BizLIVE - A Vietnamese delegation is attending a meeting in Australia to secure the effect of the TPP. British businesses are interested in participating in the expansion of Tan Son Nhat International Airport in Ho Chi Minh City.

[Round-up] Vietnam Joins Efforts to Revive TPP, British Firms Want to Join Tan Son Nhat Expansion Project

A Vietnamese delegation is attending a meeting in Australia to revive the TPP following the U.S. withdrawal.

Vietnam Attends Meeting in Australia to Revive TPP
Deputy Minister of Industry and Trade Tran Quoc Khanh is leading a Vietnamese delegation to the Senior Officials’ Meeting (SOM) in Australia to push up the Trans-Pacific Partnership (TPP) after the U.S. withdrawal, the Vietnam News Agency (VNA) reported.
Speaking at the opening ceremony on August 28, head of the Australian TPP negotiation delegation Justin Brown expressed his hope that all the 11 nations will reach a final agreement so that the trade deal spanning the Pacific will take effect after the APEC Economic Leaders’ Meeting scheduled for November in Vietnam’s central city of Da Nang.
Gov’t Urges Strong Efforts to Develop Van Don Special EZ
During his recent visit to the northern coastal province of Quang Ninh’s Van Don island district, Deputy Prime Minister Vuong Dinh Hue asked ministries, agencies and localities to build strong institutions to help Van Don Special Economic Zone retain investors, businesses and visitors.
The locality has attracted nearly $2 billion of domestic and foreign investors to build infrastructure in the past few years.
British Firms Want to Join Tan Son Nhat Expansion Project
British businesses are interested in participating in the expansion of Tan Son Nhat International Airport in Ho Chi Minh City, said UK Ambassador to Vietnam Giles Lever at a working session with Vietnam’s Ministry of Transport on August 29.
He said the UK aviation industry wants the Vietnamese ministry to provide information about the Tan Son Nhat expansion plan so they can get involved.
Vietnam’s Industrial Production Grows 6.7% in Jan-Aug
Vietnam’s index of industrial production increased 6.7% year-on-year in the first eight months of this year, lower than a 7.2% expansion in the same period last year, according to government statistics.
The manufacturing and processing industry posted the sharpest growth of 10.8%, while the mining sector declined 6.9%.
Vietnam Sources $7.33 Billion from State Budget for Investment in 8 Months
Vietnam spent 166.4 trillion dong ($7.33 billion) worth of state budget in the first eight months of this year, meeting 56.1% of the year’s plan and rising 7.3% from the same period last year.
Vietnam Retail Sales and Services Revenue up 11.7% in August
Retail sales and services revenue in Vietnam in August increased 0.3% month-on-month and 11.7% year-on-year to 330 trillion dong ($14.5 billion), of which retail sales rose 12% year-on-year.
Between January and August, retail sales and services revenue in the country grew 10.3% from a year earlier to 2,580.2 trillion dong ($113.6 billion). Of the amount, retail sales reached 1,935.6 trillion dong ($85.2 billion), accounting for 75% of the total and rising 10.3% year-on-year.
Vietnam's Aug Crude Oil Output Falls 5% y/y to 1.14 Million Tons
Vietnam's crude oil output in August is estimated at 1.14 million tons (270,000 barrels per day), down 5% from a year ago, the General Statistics Office said in its monthly report on Tuesday.
Vietnam's January to August crude oil exports rose 2% year-on-year to an estimated 4.748 million tons.
Vietnam to Export Dragon Fruit to Australia
Australia recently announced that it would permit the import of Vietnamese dragon fruit, making Vietnam the first country to get license to export fresh dragon fruit to the country, according to VNA.
Dragon fruit is one of Vietnam’s key export fruits, and saw export sales worth $895.7 million in 2016, accounting for 50.3% of the country’s total fresh fruit exports and 36.1% of its total fruit and vegetables exports.
As many as 85,357 companies were established in Vietnam with a combined registered capital of 822.12 trillion dong ($36 billion) in the first eight months of this year, up 16.3% in number and 44.8% in value from a year earlier, according to the Ministry of Planning and Investment.
Vietnam’s consumer price index (CPI) in August increased 0.92% from a month earlier, the strongest rise in at least more than one year, according to the General Statistics Office (GSO).
Prices of ten out of 11 commodities and services categories went up in the month. Medicine and healthcare service prices posted the strongest growth of 2.86% month-on-month as 17 provinces and cities raised service prices for non-insured patients.

TUAN MINH

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