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Day: November 22, 2024

Vietnam’s crude oil exports plummet in October, year-to-date figures remain stagnant

Vietnam’s crude oil exports faced a sharp decline in October 2024, with export volumes dropping to 118,275 tonnes and a value of US$73.29 million. This represents a significant 58.6 percent decrease in volume and a 61.4 percent fall in value compared to September, which recorded 285,624 tonnes valued at US$189.70 million, according to Vietnam’s General Department of Customs

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Vietnam News Roundup: November 15 to November 21

This week’s Vietnam news roundup covers the latest State Bank open market operations, potential changes to Mercedes-Benz business operations in Vietnam, Vietnam’s status on the US currency manipulator watchlist, a gold reserves update, and more…

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USI Group boosts investment in northern Vietnam by US$75 million

The project specialises in producing and assembling electronic circuit boards, wearable devices, smart handheld devices, and household appliances. With a production capacity of 260 million product sets per year, it plays a significant role in Vietnam’s growing tech manufacturing sector. The facility employs 1,000 workers and contributes substantially to the country’s export economy, generating US$500 million in annual exports.

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