January 15, 2025
Vietnam’s financial, banking, and insurance sector sees December FDI fall
In 2024, the sector attracted a total of 6 new projects with US$123.59 million in newly registered capital…
Vietnam’s fishery products exports decline by 4.97 percent in December
Vietnam’s exports of fishery products total US$10.04 billion for 2024, reflecting a strong performance despite the month-on-month decline…
Vietnam’s textiles and garments exports rise by 10.98 percent in December
Vietnam’s textiles and garments exports total US$37.04 billion for 2024, reflecting strong performance driven by key markets such as the USA and South Korea.
Vietnam’s aquatic product processing sees strong growth in December
Year-on-year, the industry experienced robust growth of 14.2 percent in December compared to the same month in 2023. For the full year of 2024, cumulative growth reached 9.2 percent compared to 2023, reflecting steady progress in this crucial sector.
Vietnam’s imports of still image, video cameras, and parts rise by 9.66 percent in December
China remained the largest supplier, contributing US$104.49 million, a 3.41 percent increase from the previous month. Taiwan followed with US$48.46 million, growing by 5.63 percent. Imports from Japan and the USA showed notable increases of 14.23 percent and 3.26 percent, respectively.
Vietnam’s iron and steel production estimated to reach 21.74 million tons in 2024
In November 2024, the country produced 1.71 million tons of iron and steel, showing stable output despite a slight increase in December.
Vietnam’s iron and steel imports hit US$1.08 billion in December
China remained the largest supplier, contributing US$568.42 million, a 3.19 percent rise from November. Japan recorded the most significant monthly growth among major suppliers, surging by 24.57 percent to US$168.35 million. Imports from South Korea also rose by 9.51 percent to US$152.13 million.
UK court grants anti-suit injunction against Vietnam’s Vietjet
The UK’s Commercial Court has granted anti-suit injunctions to banks BNP Paribas and Natixis against Vietjet with respect to court proceedings Vietjet had intended to pursue in Vietnam. The banks had previously held lease agreements with the airline with respect to several aircraft, lease agreements Vietjet defaulted on. The banks had pursued, and been awarded the injunctions, on the grounds that the agreements with Vietjet specifically assigned the UK courts jurisdiction over any dispute between the parties.
Vietnam’s ready-made garment production records strong growth in 2024
Year-on-year, the sector expanded by 13.9 percent in December 2024 compared to December 2023. For the entire year, cumulative growth reached 6.1 percent in 2024 compared to 2023, reflecting a strong performance in this segment.
German tourist arrivals to Vietnam decline by 19.82 percent in December but show strong year-on-year growth
German tourists are attracted to Vietnam’s cultural and natural diversity. Popular destinations include Hanoi, with its blend of historic charm and bustling city life, Hoi An’s UNESCO World Heritage sites, and the natural splendour of Halong Bay. Beach locations such as Phu Quoc and Da Nang also appeal to German travellers seeking relaxation and warm weather.
Malaysia sees mixed foreign direct investment performance in Vietnam in December
In 2024, Malaysia invested in 44 new projects in Vietnam with US$185.19 million in newly registered capital.
In today’s Vietnam news: More land for Trump golf course, Hanoi metro awarded Vingroup, Rising bank bond interest rates, GE contract stalled power plant
In today’s Vietnam news: MSCI market review, Russia’s Gazprom abandons LNG plant project, Horror movie making warning, Banking risk analysis, Denmark-VN ethanol cooperation, Work
In today’s Vietnam news: Thailand vs Vietnam tourism, India missile purchase final stages, Airport rail connections Long Thanh, BESS development Northern Vietnam, New US
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
This is an interview with John Gardner, CEO and Founding Partner, at Optimum Hospitality in Ho Chi Minh City. It covers fuel price impacts on:
This is an interview with Dr Nuno F. Ribeiro, Associate Professor, International Tourism & Hospitality Management at Copenhagen Business College, formerly of RMIT Vietnam. It