Year-to-date performance demonstrates robust growth. From January to October, Vietnam exported 11.03 million tonnes of iron and steel, valued at US$7.96 billion. This represents a 20.9 percent increase in volume and a 14.7 percent rise in value compared to the same period in 2023.

USA contributes US$44 million in FDI to Vietnam’s October tally

the-shiv November 27, 2024

Year-to-date, US investors have launched 92 projects with a total registered capital of US$223.71 million, highlighting consistent engagement from American businesses. These investments reflect the strengthening economic ties between the two nations, with the US focusing on industries such as manufacturing, technology, and renewable energy in Vietnam.

Vietnam’s insulated wires and cables exports rise in October, year-to-date growth remains modest

the-shiv November 27, 2024

Year-to-date figures show modest growth. From January to October, the sector’s exports totalled US$2.88 billion, a 3.3 percent increase compared to the same period in 2023.

VinFast is set to start work on a new 300,000 unit capacity factory in Ha Tinh

the-shiv November 27, 2024

This will effectively double VinFast’s production capacity in Vietnam to 600,000 units with its Hai Phong factory reportedly capable of producing 300,000 units a year too. Notably, year-to-date VinFast has sold just 51,000 units, many of which it sold to affiliated company, Xanh GSM. With this in mind, it’s not clear what the business case for a new factory in Ha Tinh might be.

Vietnam’s exports to Brazil grow 9 percent in October, boosted by tech and rubber products

the-shiv November 27, 2024

Vietnam’s exports to Brazil reached US$233.25 million in October, marking a 9.07 percent increase from September, according to recent trade data. This growth highlights Brazil’s importance as a key market for Vietnamese goods, according to Vietnam’s General Department of Customs.

Rethinking Financing Vietnam’s Clean Energy Transition

Mark Barnes November 27, 2024

That is to say, practically speaking, the implementation of Vietnam’s JETP agreement looks to have stalled. That being the case, it might be time to start considering other options.

Bank at centre of Vietnam fraud case cuts withdrawal limits

the-shiv November 27, 2024

Saigon Commercial Bank, which was put under ‘special administration’ by the State Bank of Vietnam in October of 2022, has announced it will be limiting withdrawals to VND 10 million or about US$393 a day. This is down from VND 100 million or US$3,930 a day…

Vietnam’s furniture manufacturing sector sees robust annual growth

the-shiv November 27, 2024

Vietnam’s industrial production index data reveals a 4.5 percent increase in output from September 2024, reflecting stable month-over-month growth driven by steady demand in both domestic and export markets…

Vietnam retail sales for vehicles and spare parts see robust growth

the-shiv November 27, 2024

Year-to-date, sales for vehicles and spare parts amounted to VND 181.28 trillion, or US$7 billion. This growth highlights the sector’s importance within Vietnam’s retail market, fuelled by a rising need for affordable transportation and associated spare parts…