February 7, 2025
Vietnam’s mobile phone production estimated to reach 192.3 million pieces in 2024
In November 2024, the country produced 16.9 million pieces of mobile phones, maintaining steady output despite a slight decline in December. The mobile phone industry is expected to achieve 105.2 percent of its target for December, while the full-year production is projected to reach approximately 95.8 percent of the initial forecast for 2024.
Canadian tourist arrivals to Vietnam drop by 21.03 percent in December despite annual growth
Canadian tourists often favour long-haul, multi-week vacations, allowing them to explore multiple regions within Vietnam. Activities such as eco-tourism, trekking in Sapa, and beach relaxation in Da Nang and Nha Trang are popular.
Manufacturing and processing industry in Vietnam records US$3.09 billion in new FDI, January
In January, Vietnam’s manufacturing and processing industry saw a total registered capital of US$3.09 billion in new foreign direct investment (FDI), according to data from Vietnam’s Ministry of Planning and Investment. This represents a decrease of US$2.29 billion in registered capital compared to December, which saw US$5.38 billion flow into the sector.
Vietnam’s imports of fishery products rise by 26.90 percent in December
India led the growth, with imports surging 70.44 percent to US$49.29 million. Norway and Indonesia followed, recording increases of 42.14 percent and 38.45 percent, respectively. South Korea also showed strong growth, with imports rising by 41.30 percent to US$10.49 million. Imports from the USA grew by 33.13 percent to US$7.03 million.
Vietnam’s Bac Ninh province sees significant FDI growth in 2024
The rise in FDI in Bac Ninh reflects the province’s growing prominence as a key investment destination within Vietnam. The surge is largely driven by its strong manufacturing sector, particularly in electronics and high-tech industries.
Vietnam’s coffee exports rise by 95.36 percent in December
Vietnam’s exports of coffee total US$5.62 billion for 2024, reflecting strong demand in key markets…
Vietnam’s tourist arrivals rise by 18.5 percent in January, driven by Asian visitors
Vietnam welcomed 2,070,466 international tourists in January, marking an 18.5 percent increase from December 2024, according to Vietnam’s General Department of Tourism. Compared to January 2024, arrivals surged by 36.9 percent, reflecting continued post-pandemic recovery and increased travel demand.
Vietnam’s fertiliser production grows in 2024 despite December decline
Year-on-year, the sector decreased by 2.8 percent in December 2024 compared to December 2023. However, cumulative production for the full year of 2024 rose by 10.6 percent compared to 2023, highlighting robust annual growth despite the year-end dip.
Vietnam News Roundup: January 31 to February 6
This week’s Vietnam news roundup covers the latest State Bank open market operations, the forthcoming end to free registration of EVs, the oversupply of cement, FDI figures, and more…
Apple App Store now requires games to be registered in Vietnam
Apple has told game developers they must now be registered with Vietnam’s Ministry of Information and Communication for their games to be accessible in Vietnam through its App Store, according to a press release from the US firm. The press release links to an MIC website that details the requirements for registering to provide gaming services including establishing a local entity, creating a local website, and using at least one local server.
Turkey sees decline in foreign direct investment in Vietnam in December
In 2024, Turkey invested in 7 new projects with US$763.47 million in newly registered capital.
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,
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
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