Author: the-shiv
Real estate industry in Vietnam records US$1.02 billion in new FDI, January
In January, Vietnam’s real estate business activities sector registered a total of US$1.02 billion in new foreign direct investment (FDI), according to data from Vietnam’s Ministry of Planning and Investment. This represents an increase of US$333.76 million compared to December, which saw US$683.3 million.
Medical services and medicine costs in Vietnam rise in January
Medical services and medicine costs in Vietnam increased by 9.47 percent in January, contributing 0.51 percentage points to Vietnam’s Consumer Price Index.
Vietnam sees strong growth in Asian tourist arrivals in January
Vietnam recorded 1,606,888 Asian tourist arrivals in January, making up 77.6 percent of total international visitors, according to Vietnam’s General Department of Tourism. This represents a 16.2 percent month-on-month increase from December and a 42.8 percent rise year-on-year.
Extractive industry in Vietnam continues to decline in January
Vietnam’s extractive industry output contracted by 32.9 percent in January compared to the 2019 baseline, according to Vietnam’s Industrial Production Index. The sector also saw a 28.4 percent decline from 2019 levels in December, indicating a continued downward trend.
Vietnam’s higher education market to grow by US$616.5 million by 2029: Report
Vietnam’s consumer electronics production stood at 286.8 in January, slightly lower than 288.9 in December, marking a 0.7 percent decline month-on-month. This downward trend suggests a slowdown in production after the year-end peak.
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.
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.
Vietnam’s animal feed production estimated to reach 15.32 million tons in 2024
In November 2024, the country produced 1.35 million tons of animal feed, demonstrating stable production levels despite a slight increase in December.
Vietnam’s coal exports rise by 65.24 percent in December
Vietnam’s exports of coal total US$161.13 million for 2024…
Vietnam’s tea exports decline by 4.23 percent in December
Vietnam’s tea exports total US$256.41 million for 2024, reflecting a relatively stable export performance despite the month-on-month decline.
Vietnam’s Hai Phong province sees strong FDI growth in 2024
The substantial growth in FDI in December highlights Hai Phong’s rising prominence as a key investment hub in northern Vietnam. The city’s favourable location, robust infrastructure, and growing industrial sector continue to attract foreign investors, particularly in industries such as manufacturing, logistics, and real estate development.
Philippines sees strong growth in foreign direct investment in Vietnam in December
In 2024, the Philippines invested in 4 new projects with US$20.41 million in newly registered capital…
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