March 13, 2025
Vietnam rare earth reserves estimate plummets in latest US Geological Survey
The United States Geological Survey’s Mineral Commodity Summaries 2025 report has revised down Vietnam’s estimated rare earth reserves from 22 million tons to 3.5 million tons. The report doesn’t provide specific details as to why its estimate has changed other than to say it was “based on company and Government reports.” This change would make Vietnam’s rare earth reserves the sixth biggest in the world.
Vietnam’s cotton imports surge 33.28 percent in February 2025
Vietnam’s cotton imports rose significantly by 33.28 percent month-on-month in February, reaching US$300.99 million, according to Vietnam’s General Department of Customs. This increase brings total year-to-date imports to US$526.95 million.
Vietnam’s corn imports drop 50.43 percent in February 2025
Vietnam’s corn imports fell sharply by 50.43 percent month-on-month in February, reaching US$123.80 million, according to Vietnam’s General Department of Customs. This brings total year-to-date imports to US$373.73 million.
Vietnam’s liquefied petroleum gas production declines by 6.2% in February 2025
Vietnam’s Liquefied Petroleum Gas (LPG) production has seen a slight decline in the first two months of 2025. According to the latest data from Vietnam’s General Office of Statistics, the country produced 71.0 thousand tons of LPG in January 2025. In February, this figure decreased to 62.6 thousand tons.
American tourist arrivals in Vietnam decline slightly in February
Vietnam recorded 116,971 tourist arrivals from the Americas in February, accounting for 6.2 percent of total international visitors, according to Vietnam’s General Department of Tourism. This marks a 2.24 percent decline from January, though the year-to-date total reached 236,627 visitors, making up 6.0 percent of overall arrivals.
Vietnam’s corporate bond market records zero issuances in February
There were no corporate bonds issued in Vietnam in February 2025, according to a report from the Vietnam Bond Market Association. The association doesn’t offer any explanation for this, however, the start of the year is typically slower for bond issuances so it does not appear to be that unusual.
5,459 Vietnamese worth more than US$10 million: Frank Knight
The Frank Knight Wealth Report 2025 has found that Vietnam has 5,459 individuals worth more than US$10 million. Compared to the other ASEAN states in the report this has Vietnam ranked last, however, per 100,000 of population it would rank fourth above Indonesia and the Philippines.
World Bank report forecasts Vietnam GDP of 6.8 percent in 2025
In its March, Taking Stock report, the World Bank has said it foresees GDP growth for Vietnam of 6.8 percent in 2025 falling to just 6.5 percent growth in 2026. This, the report suggests, will be in line with economic slowdowns in major trading partners (China and the US) and uncertain global trade policies.
Vietnam’s bamboo and rattan products exports decline by 24.28 percent in February 2025
Vietnam’s exports of bamboo and rattan products decreased by 24.28 percent in February 2025 compared to January, reaching US$56.35 million, according to data from Vietnam’s General Department of Customs.
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
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