On a year-over-year basis, the sector grew by 2.9 percent compared to October 2023, and the cumulative growth from January to October 2024 reached 3.8 percent over the same period last year. While these annual figures show more modest gains, they indicate a stable upward trend in the dairy industry, supported by Vietnam’s expanding consumer base and increased demand for dairy products…

Vietnam sees continued rise in FDI as of October, with manufacturing leading the charge

the-shiv November 13, 2024

Vietnam has maintained strong foreign direct investment inflows through October 2024, recording 2,743 projects year-to-date with a total registered capital reaching US$27.26 billion. This performance showcases Vietnam’s enduring appeal as an investment destination, particularly in the processing and manufacturing sectors, which continue to attract the majority of foreign funds. In

National Assembly issues growth targets for Vietnam in 2025

the-shiv November 13, 2024

Vietnam’s National Assembly has issued a series of targets for the government for 2025. It’s not clear how some of these targets were reached and some will be very challenging to achieve…

Delayed payments, bidding challenges behind drug shortages in Vietnam

the-shiv November 13, 2024

One of the issues raised was the challenges for public hospitals in being reimbursed for pharmaceutical purchases by the state hindering their ability to make timely payments to pharmaceutical companies. The Minister told the NA that this has been addressed with amendments made to the Law on Health insurance made last year, however, the Minister, based on Thanh Nien’s reporting, does not appear to have detailed which parts of the law or how they have worked in a practical sense…

Vietnam Transport Ministry seeks one year extension on new HCMC airport

the-shiv November 13, 2024

Vietnam’s Ministry of Transport has gone to the National Assembly requesting an extension of the deadline for Ho Chi Minh City’s second airport which is currently under construction in Long Thanh. At the same time, the Ministry is also asking for permission to add a second runway to the first phase of the project…

VinGroup, group CEO commit collective US$3.35 billion to struggling Vietnam EV maker

the-shiv November 13, 2024

Thanh Nien has reported that this is a back-up option to be utilised if the company cannot find capital sources elsewhere. It also notes that existing debt owed to VinGroup will be converted into shares of VinFast…

Vietnam’s dental services market set for strong growth amid rising demand for oral healthcare: report

the-shiv November 13, 2024

The report says that rising disposable income across Vietnam is enabling more individuals to seek advanced dental services, including cosmetic dentistry, orthodontics, and preventive care. This shift marks a notable change, as more Vietnamese consumers prioritise oral health as part of their overall well-being…

Vietnam’s consumer price index for garments, hats, and shoes shows modest increase

the-shiv November 13, 2024

From January to October, the CPI for garments, hats, and shoes increased by 1.45 percent over the same period in 2023. This subdued growth likely stems from a significant supply of garments and apparel as a result of being a key global manufacturing hub for these goods…