Author: the-shiv
Complaint lodged with EU trade body RE: Vietnam EVFTA human rights compliance
The International Federation for Human Rights (FIDH) has lodged a complaint with the European Commission’s trade department arguing that an “…ongoing crackdown on human rights defenders working on sustainable development violates the EU-Vietnam Free Trade Agreement”.
Vietnam electric vehicle registration exemption to end March 1
A freeze on registration fees for electric vehicles in Vietnam is set to come to an end at the end of the month. It will, however, be replaced with a 50 percent reduction in registration fees for electric vehicles for the next two years.
Vietnam’s Hanoi sees contraction in new FDI in 2024
The growth in FDI reflects Hanoi’s sustained role as a major business and investment hub in Vietnam. The city continues to attract foreign investors across various sectors, including manufacturing, technology, and services, driven by its highly educated workforce, well-developed infrastructure, and favourable business environment.
Vietnam’s iron ore mining shows sharp decline in December 2024
Year-on-year, the sector experienced robust growth of 23.5 percent in December 2024 compared to December 2023. However, for the entire year of 2024, iron ore mining recorded an 11.2 percent decline compared to 2023, indicating significant challenges over the longer term.
Vietnam’s chemical exports decrease by 12.82 percent in December
Vietnam’s exports of chemicals total US$2.77 billion for 2024, reflecting a strong performance despite the month-on-month decline.
Vietnam’s rubber products exports rise by 5.92 percent in December
Vietnam’s rubber products exports total US$1.23 billion for 2024…
Denmark sees significant growth in foreign direct investment in Vietnam in December
In 2024, Denmark invested in 10 new projects with US$62.80 million in newly registered capital.
Vietnam’s imports of ores and other mineral products rise by 5.87 percent in December
Australia remained the largest supplier, contributing US$88.85 million, though this marked a slight decrease of 1.66 percent month-on-month. Brazil followed with US$58.17 million, a marginal increase of 0.59 percent. Imports from China surged by 28.27 percent to US$10.73 million.
Vietnam’s Nghe An province experiences steady FDI growth in 2024
This continued growth in FDI indicates Nghe An’s growing reputation as an attractive destination for foreign investment, particularly in industries such as manufacturing and renewable energy.
Taiwanese tourist arrivals to Vietnam decline slightly in December but maintain strong YoY growth
Taiwanese visitors continue to play an important role in Vietnam’s tourism sector, with key destinations like Hanoi, Ho Chi Minh City, and Da Nang being particularly popular. These cities are valued for their cultural attractions, vibrant street food scenes, and convenient direct flight connections.
Vietnam’s natural gas extraction rises in December but struggles year-on-year
Year-on-year, the sector saw a significant decline of 12.5 percent in December 2024 compared to December 2023. For the entirety of 2024, natural gas production dropped by 15.4 percent compared to 2023, reflecting persistent challenges.
Vietnam’s cement production estimated to reach 184.2 million tons in 2024
In November 2024, the country produced 17.1 million tons of cement, showing consistent output despite a slight increase in December.
Vietnam’s exports of chemical products rise by 4.82 percent in December
Vietnam’s exports of chemical products total US$2.71 billion for 2024, reflecting a strong performance in the sector.
Vietnam’s rubber exports rise by 2.58 percent in December
Vietnam’s rubber exports total US$3.42 billion for 2024.
US steps back from lead role in Indonesia’s JETP, Vietnam too?
The United States has announced that it will take a step back from its role as a lead partner in Indonesia’s Just Energy Partnership Agreement (JETP), the Jakarta Post has reported. Germany is set to take over the role with JETP Secretariat head Paul Butarbutar telling the publication this would
Vietnam’s cotton imports increase slightly by 0.60 percent in December
Brazil remained the largest supplier, with imports increasing by 5.79 percent to US$114.24 million. The USA followed with a significant 21.24 percent rise, reaching US$28.66 million. Ivory Coast showed remarkable growth, with imports surging by 249.83 percent to US$2.37 million.
Vietnam’s Bac Giang province sees fall in FDI growth in 2024
The continued growth in FDI underscores Bac Giang’s attractiveness as a key destination for foreign investors, especially in sectors such as electronics and textiles…
Vietnam Purchasing Managers’ Index down January over December
The S&P Global Vietnam Manufacturing Purchasing Managers’ Index recorded a fall in January over December, from 49.8 points to 48.9 points, according to a press release from the firm. Notably the last week of January was the Lunar New Year break which typically sees production fall in which case this drop should not be particularly concerning.
Australia sees decline in foreign direct investment in Vietnam in December
In 2024, Australia invested in 49 new projects with US$43.31 million in newly registered capital…
Vietnam transportation prices fall in December 2024
For the entire year, transportation costs edged up slightly by 0.76 percent compared to 2023, indicating a marginal year-on-year increase despite the recent month-on-month declines.
In today’s Vietnam news: GS TL on AI, Saigon Economic Times last issue, Fuel prices cut, Vinhomes issuing more bonds, Counterfeit Korean cosmetics store,
In today’s Vietnam news: Power supply imports, Hanoi boulevard project protests, Antidumping duties coming for boxes, Maersk container terminal project Hanoi, Vinpearl foreign investment,
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,
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