Author: the-shiv
Vietnam’s telephones, mobile phones, and parts thereof exports decline by 3.27 percent in December
Vietnam’s exports of telephones, mobile phones, and parts thereof total US$53.89 billion for 2024, maintaining a strong position in the global market despite the month-on-month decline.
Netherlands jump in foreign direct investment in Vietnam in December
In 2024, the Netherlands invested in 24 new projects with US$546.05 million in newly registered capital.
Vietnam’s crude oil output sees slight improvement in December
Year-on-year, crude oil production declined by 3.8 percent in December compared to December 2023. For the full year of 2024, the sector recorded a cumulative contraction of 6.1 percent compared to 2023, reflecting sustained challenges throughout the year.
Vietnam’s professional, scientific, and technological activities FDI jumps in December
In 2024, the sector attracted a total of 364 new projects with US$1.27 billion in newly registered capital.
Vietnam’s imports of fruits and vegetables rise by 21.41 percent in December
The USA was the largest supplier in December, with imports surging by 45.38 percent to US$123.73 million. China followed closely, contributing US$99.82 million, a modest 1.11 percent increase. Myanmar and Canada posted significant growth, with imports rising by 70.81 percent and 65.25 percent, respectively. Imports from South Korea also rose sharply by 53.53 percent, reaching US$7.58 million.
Vietnam garments, hats, and shoes prices rise moderately in December 2024
Year-on-year, December 2024 prices for garments, hats, and shoes increased by 1.16 percent compared to December 2023. For the entire year, the CPI for this category rose by 1.40 percent compared to 2023.
Tourism from Oceania rises in December, driven by Australian visitors
Year-to-date arrivals from the region reached 540,197 in 2024, reflecting a strong year-on-year growth of 27.2 percent.
Vietnam’s machine, equipment, and tool imports rise in December
Year-to-date imports for these products amounted to US$48.89 billion. China remained the leading supplier with US$2.85 billion in imports, reflecting a 4.88 percent monthly growth. Japan showed a significant rise of 17.78 percent, reaching US$403.51 million in December. Germany exhibited a notable 20.17 percent increase, contributing US$133.61 million. The USA also saw robust growth of 15.45 percent in imports.
Vietnam’s exports of computers, electrical products, and parts rise by 18.18 percent in December
Vietnam’s exports of these products total US$72.58 billion for 2024, reflecting strong demand in key markets.
Vietnam’s paper imports rise by 7.48 percent in December
China remained the largest supplier, contributing US$99.82 million, a modest 1.11 percent rise from November. Imports from Canada and Chile grew sharply, rising by 65.25 percent and 283.03 percent, respectively.
Vietnam’s motor vehicle manufacturing sees huge growth in 2024
Year-on-year, the sector posted an impressive growth of 37.8 percent in December 2024 compared to December 2023. For the full year, cumulative growth reached 21.1 percent in 2024 compared to 2023, highlighting exceptional performance despite the year-end dip.
Vietnam’s non-ferrous metal ore mining shows mixed performance in 2024
Year-on-year, the sector contracted by 6.2 percent in December 2024 compared to December 2023. However, for the full year of 2024, non-ferrous metal ore mining recorded a strong 17 percent increase compared to 2023, reflecting overall growth despite short-term challenges.
Vietnam’s rolled steel production estimated to reach 18.55 million tons in 2024
In November 2024, the country produced 1.57 million tons of rolled steel, maintaining a solid output despite a slight decrease in December.
Vietnam’s computer and electronic product imports rise in December 2024
Year-to-date imports for these products totalled US$107.05 billion, underscoring Vietnam’s growing demand for technology and components vital to its manufacturing sector. China remained the top supplier, exporting US$3.05 billion worth of goods, marking a 2.68 percent monthly increase. Thailand exhibited the most substantial growth with a remarkable 60.71 percent rise in December.
Japan sees decline in foreign direct investment in Vietnam in December
In 2024, Japan invested in 270 new projects with US$3.5 billion in newly registered capital.
Vietnam’s Dong Nai province sees steady FDI growth in December
This steady increase in FDI showcases Dong Nai’s continued appeal to foreign investors, particularly in the manufacturing and industrial sectors, which are vital to the province’s economy.
Polish tourist arrivals to Vietnam decline by 25.27 percent in December
Polish tourists are drawn to Vietnam’s mix of culture and natural beauty, with popular destinations including Hanoi, Ho Chi Minh City, Hoi An, and Halong Bay. Beach destinations like Phu Quoc and Da Nang are also favoured by Polish travellers for relaxation and tropical charm. Many Polish visitors also explore eco-tourism options, including trekking in Sapa and visiting rural areas.
Vietnam post and telecommunication prices decline in 2024
For the full year 2024, costs decreased by 1.02 percent compared to 2023, reflecting continued downward trends in telecommunications prices due to increased competition and the introduction of cost-effective digital solutions.
UK sees stable foreign direct investment in Vietnam in December
In 2024, the UK invested in 44 new projects with US$241.30 million in newly registered capital.
American tourist arrivals in Vietnam decline slightly in December
Vietnam recorded 92,175 visitors from the Americas in December, a decrease of 2,912 visitors or 3.06 percent compared to November. Despite this monthly dip, the total number of visitors from the Americas reached 1,000,077 in 2024, a year-on-year increase of 10.7 percent.
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