Netherlands-Vietnam Chamber of Commerce (NVCC)

Events April 2019

Q1: FDI sector in Vietnam exports over US$ 41 bln

VGP

In Q1, FDI enterprises made an estimated export turnover of US$ 58.51 billion, representing a year-on-year rise of 4.7 pc, the Ministry of Industry and Trade (MoIT) reported.

Including crude oil, the FDI sector earned US$41.46 billion of export turnover, occupying 70.9pc of total export volume.

Overseas shipment of the processing and manufacturing industry grew 6.1pc in Q1, contributing 83.8pc of total export turnover.

Nine commodities earned over US$ 1 billion of export turnover of which seven gained over US$ 2 billion of export turnover.

The MoIT reported that in Q1, FDI enterprises engaged in 18 sectors especially the processing and manufacturing industry which absorbed US$ 8.4 billion, accounting for 77.7pc of total registered capital.

On the other hand, in Q1, the FDI sector imported US$ 33.89 billion of goods, up 6pc against the same period last year.

Hence, in the first three months, the sector ran a trade surplus of US$ 7.57 billion.

 

 

World Bank forecasts Vietnam’s economy to grow by 6.6 pct in 2019

VNA

The World Bank predicts Vietnam’s economic growth rate would reach 6.6 percent in 2019 in its Managing Headwinds report released on April 24.

For the medium term, the growth is projected to stay around 6.5 percent, due to the impact of current cyclical uptick dissipates, the report said, adding that poverty may decline further as labour market conditions remain favourable.The growth rate will be driven by credit tightening, slower private consumption and weaker external demand.

In its report, the World Bank advised Vietnam to stay ready to respond to changes in the global economy and to continue managing its macro-economy actively and carefully.

It forecasts growth in other developing countries in East Asia and the Pacific to soften to 6.0 percent in 2019 and 2020, down from 6.3 percent in 2018.

 

Friday 24 May, NVCC Visit to Royal IHC Shipyards in Krimpen a/d IJssel and Kinderdijk

The board of the NVCC and Royal IHC cordially invite you and/or colleagues, for an exciting visit on Friday 24th May to the shipyards and offices of Royal IHC in Krimpen aan den IJssel and Kinderdijk.

Few manufacturers of and service providers for vessels and equipment for specialist maritime service providers in the dredging, mining and offshore industries have the worldwide reputation and success of Royal IHC. This multinational company, with 3000 staff members and 39 locations around the world, has its head office in Kinderdijk, the Netherlands.

Royal IHC is offering a fantastic programme!

 

Programme:

09.45 – 10.00                    Arrival at Royal IHC location Krimpen aan den IJssel – general parking place.

Coffee served in the Maas/IJssel meeting room with excellent view of ship under construction. Safety instructions!

10:15 hrs                            Start tour – Krimpen Shipyard

11.45 hrs                            Transfer by water taxi to Royal IHC location Kinderdijk

12.15 hrs                            Arrival in Kinderdijk, walk to yard.

12:30 hrs                           Word of welcome and thanks by NVCC Chairman Joost Vrancken Peeters (tbc)

Presentation by Dingeman van Woerden, Area Sales Manager, Royal IHC

Lunch Buffet

13.15 hrs                            Tour of the Shipyard and facility

Group Photo (tbc)

14:30 hrs                            Walk to the watertaxi

14:45 hrs                            Transfer by water taxi back to Krimpen aan den IJssel

15:15 hrs                            End of Programme

 

 

Important information:

 

  • Participation is free of charge to members and special guests of the NVCC.

 

  • Registrations are handled on a first-come-first-served basis. The maximum number of participants is 30. Please register before Friday 17 May.

 

  • Participants are urged to arrive on time (the traffic in the Rotterdam area can be congested).

 

  • Taking photographs is only allowed in designated areas. Please comply with all instructions given by royal IHC staff.

 

A route description and additional information will be sent to you after you have registered.