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Day: December 18, 2024
Chinese tourist arrivals in Vietnam grow by 11.11 percent in November
Year-to-date, Chinese tourist arrivals reached 3,350,265, reflecting a 68 percent growth compared to the same period last year. This positions China as one of Vietnam’s top tourism markets, contributing significantly to the recovery of the sector.
Vietnam’s exports to South Korea decline by 7.22 percent in November
Notably, textiles and garments dropped 46.65 percent month-on-month, while computers, electrical products, spare-parts and components rose significantly by 13.37 percent.
Vietnam’s plastic imports rise 2.1 percent in November, led by China and Taiwan
China remained the top supplier, with imports rising 17.51 percent to US$310.97 million. Taiwan saw notable growth of 22.78 percent, while imports from the UAE surged 38.65 percent. Conversely, Saudi Arabia experienced a sharp decline of 14.03 percent, and Malaysia dropped 13.38 percent.
What to Watch Now Google Has An Office in Vietnam
Last week, Google announced it had opened an office in HCMC. This has been a long time coming and this makes Google one of the first big tech firms to do so. That said, the operating environment Google is entering is complicated and with this in mind, this article unpacks a few of the challenges Google might face.
Vietnam footwear exports jump 6.25 percent in November
The United States remained the largest market, importing US$714.22 million, up 4.11 percent from October. China followed with a substantial increase of 46.99 percent to US$188.19 million, while Japan recorded an 18.14 percent rise to US$98.22 million. South Korea showed remarkable growth, surging 79.87 percent to US$65.48 million.
Vietnam’s beer and malt production sees slight decline in November
In November, the beer and malt production sector grew by 3.29 percent compared to the same month in 2023. However, over the first 11 months of 2024, the IPI for the sector contracted by 1.51 percent compared to the same period in the previous year, suggesting mixed performance trends.
Vietnam’s imports from the United States grow 1.77 percent in November
Vietnam’s imports from the United States reached US$1.27 billion in November, reflecting a month-on-month increase of 1.77 percent, according to Vietnam’s General Department of Customs. On a year-to-date basis, total imports from the US amounted to US$13.56 billion.
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