Author: the-shiv
Vietnam’s imports of still image, video cameras, and parts rise by 9.66 percent in December
China remained the largest supplier, contributing US$104.49 million, a 3.41 percent increase from the previous month. Taiwan followed with US$48.46 million, growing by 5.63 percent. Imports from Japan and the USA showed notable increases of 14.23 percent and 3.26 percent, respectively.
Vietnam’s iron and steel production estimated to reach 21.74 million tons in 2024
In November 2024, the country produced 1.71 million tons of iron and steel, showing stable output despite a slight increase in December.
Vietnam’s iron and steel imports hit US$1.08 billion in December
China remained the largest supplier, contributing US$568.42 million, a 3.19 percent rise from November. Japan recorded the most significant monthly growth among major suppliers, surging by 24.57 percent to US$168.35 million. Imports from South Korea also rose by 9.51 percent to US$152.13 million.
UK court grants anti-suit injunction against Vietnam’s Vietjet
The UK’s Commercial Court has granted anti-suit injunctions to banks BNP Paribas and Natixis against Vietjet with respect to court proceedings Vietjet had intended to pursue in Vietnam. The banks had previously held lease agreements with the airline with respect to several aircraft, lease agreements Vietjet defaulted on. The banks had pursued, and been awarded the injunctions, on the grounds that the agreements with Vietjet specifically assigned the UK courts jurisdiction over any dispute between the parties.
Vietnam’s ready-made garment production records strong growth in 2024
Year-on-year, the sector expanded by 13.9 percent in December 2024 compared to December 2023. For the entire year, cumulative growth reached 6.1 percent in 2024 compared to 2023, reflecting a strong performance in this segment.
German tourist arrivals to Vietnam decline by 19.82 percent in December but show strong year-on-year growth
German tourists are attracted to Vietnam’s cultural and natural diversity. Popular destinations include Hanoi, with its blend of historic charm and bustling city life, Hoi An’s UNESCO World Heritage sites, and the natural splendour of Halong Bay. Beach locations such as Phu Quoc and Da Nang also appeal to German travellers seeking relaxation and warm weather.
Malaysia sees mixed foreign direct investment performance in Vietnam in December
In 2024, Malaysia invested in 44 new projects in Vietnam with US$185.19 million in newly registered capital.
Vietnam’s water supply and waste treatment sector sees FDI jump in December
In 2024, the sector attracted a total of 1 new project with US$20,630 in newly registered capital…
Vietnam’s fertilizers exports rise by 21.58 percent in December
Vietnam’s exports of fertilisers total US$709.91 million for 2024, reflecting strong performance across multiple markets.
Vietnam’s textile, leather, and footwear materials and auxiliaries exports rise by 4.22 percent in December
Vietnam’s exports of textile, leather, and footwear materials and auxiliaries total US$2.23 billion for 2024, reflecting steady growth in the sector.
Vietnam’s imports of electric consumer products rise by 27.99 percent in December
China was the leading supplier, contributing US$103.22 million, a 20.92 percent increase from November. Thailand followed with US$62.45 million, growing by 34.40 percent. Malaysia recorded the largest month-on-month growth, with imports surging by 114.73 percent to US$21.04 million. Japan also saw significant growth, rising 67.45 percent to US$3.49 million.
Vietnam’s aluminum production estimated to reach 1.52 million tons in 2024
In November 2024, the country produced 125,800 tons of aluminum, showing consistent output despite a slight increase in December.
Italian tourist arrivals to Vietnam drop by 23.34 percent in December despite strong annual growth
Italian visitors typically enjoy cultural and culinary experiences, with a focus on authentic Vietnamese food, historical landmarks, and immersive tours. Many also participate in eco-tourism activities, such as trekking and exploring rural villages, making Vietnam a favoured destination for adventure and cultural exploration.
India sees decline in foreign direct investment in Vietnam in December
In 2024, India invested in 48 new projects with US$86.69 million in newly registered capital.
Vietnam’s paper and paper products production sees consistent 2024 growth
Year-on-year, the sector grew by 9.7 percent in December 2024 compared to December 2023. For the full year, cumulative growth stood at 9.5 percent in 2024 compared to 2023, reflecting consistent progress in this essential industry.
Vietnam’s fabric imports rise to US$1.33 billion in December
Year-to-date imports totalled US$14.91 billion. China continued to dominate as the top supplier with US$884.41 million in imports, growing by 2.12 percent. South Korea followed with US$143.75 million, a 4.11 percent monthly rise, while Japan saw a significant 11.52 percent increase to reach US$63.24 million. Meanwhile, Malaysia recorded the highest monthly growth of 55.16 percent, contributing US$13.39 million.
Vietnam’s corporate bond market sees December jump, over US$2.3 billion in issuances
Looking ahead to 2025, VND 216,670 billion (US$8.67 billion) worth of corporate bonds will reach maturity, with real estate bonds making up the largest portion, at VND 120,640 billion (US$4.83 billion), or 55.6% of the total.
Vietnam’s furniture manufacturing sector sees strong annual growth in 2024
Year-on-year, the sector grew by 14.5 percent in December 2024 compared to December 2023. For the full year of 2024, cumulative growth reached a remarkable 23.8 percent compared to 2023, highlighting exceptional annual performance in this vital industry.
Vietnam coal and lignite mining sees sharp December decline
Year-on-year, the sector saw a 2.6 percent decline in December 2024 compared to December 2023. Over the full year, the mining of coal and lignite contracted by 5.5 percent in 2024 compared to 2023, indicating sustained challenges in the industry.
Vietnam’s crude oil exports rise by 22.86 percent in December
Vietnam’s exports of crude oil total US$1.73 billion for 2024…
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