January 20, 2025
Vietnam’s electronics and computer sector posts strong annual growth
Year-on-year, the sector grew by 8.0 percent in December compared to December 2023. Over the full year of 2024, cumulative growth reached 8.3 percent compared to 2023, highlighting the sector’s robust performance despite the monthly dip.
Vietnam medicines and medical services prices up in December 2024
For the full year, the sector experienced a significant rise of 7.16 percent compared to 2023, reflecting ongoing cost pressures and increased demand for healthcare services and pharmaceuticals.
Vietnam’s handbags, purses, suitcases, headgear, and umbrellas exports rise by 7.03 percent in December
Vietnam’s exports of these products total US$4.25 billion for 2024…
Vietnam’s milk and dairy processing industry sees steady growth
Year-on-year, the sector grew by 5.7 percent in December 2024 compared to the same period in 2023. For the full year of 2024, cumulative growth stood at 3.5 percent compared to 2023, reflecting a steady upward trend in the industry.
Vietnam’s glass and glassware imports rise by 14.37 percent in December
China led as the largest supplier, contributing US$75.09 million, a 13.36 percent increase compared to November. Malaysia and Indonesia posted remarkable growth, with imports rising by 40.82 percent and 159.56 percent, respectively. Imports from Thailand and the USA also showed strong growth, increasing by 37.85 percent and 78.88 percent, respectively.
Vietnam’s Ho Chi Minh City sees strong FDI growth in 2024
The growth in FDI in Ho Chi Minh City highlights the continued strength of the city as Vietnam’s economic and industrial powerhouse.
Germany sees decline in foreign direct investment in Vietnam in December
In 2024, Germany invested in 24 new projects with US$118.54 million in newly registered capital…
Vietnam’s crude oil imports rise by 32.05 percent in December
Kuwait remained Vietnam’s largest crude oil supplier, contributing US$578.56 million in December, a 28.81 percent increase from the previous month. Imports from other sources collectively rose by an impressive 75.88 percent, reaching US$58.40 million.
Tourist arrivals from the USA to Vietnam grow steadily in December
American travellers continue to be an important demographic for Vietnam’s tourism sector. Popular destinations include Hanoi and Ho Chi Minh City for their vibrant culture and history, and Phu Quoc and Da Nang for beach vacations.
Vietnam drinks and tobacco prices edge higher in December 2024
Year-on-year, drinks and tobacco prices were up 2.40 percent in December 2024 over December 2023. For the full year, prices in this category rose by 2.42 percent compared to 2023.
Petrol stations run dry in parts of Vietnam as falling fuel prices squeeze retailers’ margins, despite petrol dropping below US$0.76 per litre. Meanwhile, the
Financial difficulties at two major gym chains raise questions about consumer spending and household finances in Vietnam. Meanwhile, a Chinese contractor joins Vingroup’s US$3.9
Vietnam’s central bank moves to rebuild foreign exchange reserves despite mounting inflation pressures, raising questions about the government’s economic strategy. Meanwhile, reports of Vingroup-linked
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