There was a slight dip in October, however, year-to-date figures reveal robust growth. From January to October, exports in this category totalled US$58.67 billion, a 26.1 percent increase compared to the same period in 2023.

Vietnam’s exports to China decline in October, with significant drops in key categories

the-shiv November 21, 2024

Vietnam’s exports to China in October totalled US$5.43 billion, representing a decline of 10.87 percent compared to September’s figure of US$6.10 billion. The year-to-date total exports to China stand at approximately US$49.94 billion, reflecting China’s status as a vital trading partner despite recent contractions.

Mercedes-Benz starts import business in Vietnam despite local assembly factory

the-shiv November 21, 2024

The assembly factory was established in 1995 on a 30 year lease set to expire next year but there have been bureaucratic problems with extending the lease that has meant the factory has had to slow production and there were reports back in August it might shut down altogether.

What’s left in the State Bank of Vietnam’s gold reserves?

the-shiv November 21, 2024

The State Bank has said it will continue to sell gold bars from its gold reserves in order to ‘stabilise’ the gold market. Between June 3 to October 29, the central bank sold 305,600 taels of gold or about 11.46 tons of gold into the market from its reserves. At today’s gold price, US$84,880.7 a kilogram, those 11.46 tons would be worth US$972.7 million…

Vietnam domestic flights show slight recovery in October

the-shiv November 21, 2024

Among the market leaders, Vietnam Airlines operated 7,483 flights in October with Vietjet retaining its leading position with 7,965 flights, making it the top carrier for domestic routes. Pacific Airlines operated 366 flights, while Vasco and Bamboo Airways contributed 489 and 1,150 flights, respectively.

DEEP C northern Vietnam Industrial Park has US$169 million capital boost approved

the-shiv November 21, 2024

It’s hoped this expansion will bolster the park’s ability to attract major investors, adding to its existing roster of notable tenants like Pegatron, Vietnam Advance Film Material, Core5, Posco, and Pyeonghwa Automotive. These companies represent a combined capital of US$5 billion…

Vietnam dairy enzymes market to grow steadily at 4.58% CAGR through 2029

the-shiv November 21, 2024

The report goes on to say that the increasing consumption of dairy in Vietnam is fuelled by economic development, urbanisation, and higher disposable incomes. As living standards improve, more Vietnamese consumers are integrating dairy into their diets, valuing its nutritional benefits. This shift has bolstered demand for dairy enzymes, which are vital for producing high-quality products such as milk, cheese, yogurt, and infant formula.

Vietnam’s coffee exports dip in October, year-to-date value remains strong

the-shiv November 21, 2024

The year-to-date value growth reflects favourable global coffee prices, offsetting the lower export volumes. While the October performance shows a short-term dip, the overall high value underscores Vietnam’s continued strength as a leading coffee exporter…

Vietnam accommodation and food services FDI sees dip in newly registered capital in October

the-shiv November 21, 2024

Despite the fluctuations, the accommodation and food services sector continues to attract interest, driven by Vietnam’s expanding tourism industry and growing demand for hospitality services. It’s expected that FDI levels will continue to grow, as Vietnam’s hospitality sector remains a key component of its economic and tourism growth trajectory.