November 28, 2024
Vietnam’s ore and mineral exports surge in October, but year-to-date volume declines
However, year-to-date performance presents a mixed picture. From January to October, exports totalled 1.71 million tonnes, marking a 28.8 percent decline in volume compared to the same period in 2023. Despite this, export value rose by 11.1 percent, reaching US$174.41 million, likely reflecting higher unit prices.
Vietnam’s manioc exports surge in October, but year-to-date figures decline
From January to October, Vietnam exported 2.09 million tons of manioc and manioc products, valued at US$955.41 million. This represents a 12.7 percent decrease in volume and a 7 percent drop in value compared to the same period in 2023.
Vietnam real estate developer Novaland drops PWC as tax agent
Of note, in September, Novaland recorded its worst half year on record after audited financial reports found huge discrepancies from what was earlier reported by the company. Specifically, the company’s own financial statements reported a profit of VND 3.5 trillion or US$142.2 million, however, an audit found the company had actually made a loss of VND 7.3 trillion or US$296.6 million. This the company largely blamed on its auditors being overly cautious…
Vietnam’s exports to Canada show solid growth in October 2024
Vietnam’s exports to Canada reached a total value of US$592.84 million in October, marking a notable increase of 20.15 percent compared to September…
Vietnam’s machinery exports rise in October, year-to-date growth remains robust
Year-to-date figures reveal even stronger growth. From January to October, exports in this category totalled US$43.05 billion, representing a 21.5 percent increase compared to the same period in 2023.
Revised Vietnam Law on Trade Unions passes NA, impact re: Convention 87 unclear
Specifically, to be compliant with these agreements Vietnam needs to ratify the International Labour Organisation Convention 87. This would require allowing trade unions to be established independent of the Vietnam General Confederation of Labour with which all labour unions must currently be affiliated…
Vietnam postbiotic food supplement market to reach US$8.4 million by 2031
Several factors are contributing to this expansion. Increased consumer awareness about gut health and overall wellness is driving demand for dietary supplements, particularly those focused on digestive health. The growing trend of preventive healthcare, with an emphasis on products that support immune function and digestion, is also boosting market prospects.
Vietnam retail sales for garments show slight increase in October
In September, sales in the garment category reached VND 20,686 billion, equivalent to US$0.81 billion. This figure edged up in October to VND 20,787 billion, or US$0.82 billion, reflecting a month-on-month increase of 0.49 percent.
In today’s Vietnam news: Credit limits removed for some major projects, Estonian web security company market entry, Vingroup’s Vuong becomes major shareholder LP Bank,
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This is an interview with Chris Walker, a Vietnam Sourcing Expert with Vietnam Factory Tours how rising oil prices and the Middle East crisis are
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This is an interview with Dr Nuno F. Ribeiro, Associate Professor, International Tourism & Hospitality Management at Copenhagen Business College, formerly of RMIT Vietnam. It