Author: the-shiv
Korea sees significant growth in foreign direct investment in Vietnam in December
Year-to-date, Korea has invested in 410 new projects with US$7.06 billion in newly registered capital, showing an extraordinary growth of 842 percent compared to the previous year.
Thailand sees stable foreign direct investment into Vietnam in December
In 2024, Thailand invested in 28 new projects with US$225.24 million in newly registered capital.
Vietnam’s electrical equipment production sees steady 2024 growth
Year-on-year, the sector posted a modest growth of 1.3 percent in December 2024 compared to December 2023. For the full year of 2024, cumulative growth reached 7.3 percent compared to 2023, reflecting solid overall annual performance despite the year-end dip.
Vietnam’s wood, bamboo, and rattan production show steady annual growth
Year-on-year, the sector grew by 11.1 percent in December compared to December 2023. For the full year of 2024, cumulative growth stood at 9.7 percent compared to 2023, reflecting consistent progress throughout the year.
Vietnam’s refined petroleum production sees annual growth despite challenges
Year-on-year, the sector declined by 5.7 percent in December compared to December 2023. However, cumulative production for the full year of 2024 grew by 12.9 percent compared to 2023, highlighting strong overall annual growth despite monthly fluctuations.
Vietnam FDI tally for 2024 comes in at 38.2 billion
The increase in FDI is driven by multiple sectors, especially manufacturing and processing, and real estate business activities. These sectors continue to be dominant in attracting investment, showcasing Vietnam’s appeal to foreign investors.
Vietnam sees a 2.09 percent increase in tourist arrivals in December over November
For the year-to-date period, the total number of tourist arrivals reached 17,583,901, representing a 39.5 percent increase compared to the same period in the previous year.
Vietnam’s extractive industry stabilises with slight December growth
Year-on-year, the industry saw a 3.7 percent decline in December 2024 compared to December 2023. Over the entirety of 2024, the extractive sector experienced a cumulative contraction of 6.5 percent compared to 2023, indicating a challenging year for the industry.
Vietnam’s food and food services CPI shows steady growth in December 2024
Year-on-year, the CPI for food and food services increased by 3.87 percent in December 2024 compared to December 2023. For the full year of 2024, the CPI rose by 4.03 percent compared to 2023, showcasing a controlled inflation environment.
Vietnam’s industrial production index records strong finish in 2024
The consistent growth reflects heightened production activity across key sectors such as manufacturing and energy. December’s month-on-month rise likely signals intensified efforts to meet increasing demand with the lunar new year break to begin at the end of January.
Vietnam’s CPI rises 2.94% in December, annual average ends year below target
This rise was attributed to adjustments in medical service prices, higher rental housing prices, and increased gasoline prices. Despite the December surge, the average CPI for 2024 rose by only 3.63 percent compared to 2023, staying below the National Assembly’s target.
Vietnam fourth quarter GDP growth comes in at 7.55 percent
This marks the highest fourth-quarter growth since 2018, continuing a quarterly upward trend throughout the year with growth of 5.98 percent in Q1, 7.25 percent in Q2, and 7.43 percent in Q3…
Vietnam’s glass and glassware exports remain steady in November
Singapore emerged as the largest market, with imports of US$50.61 million, though this marked a 7.68 percent decline month-on-month.
Vietnam’s pharmaceutical production shows steady monthly growth in November
Year-on-year, the sector recorded a slight decline of 0.81 percent in November 2024 compared to the same period in 2023. However, for the first 11 months of 2024, the pharmaceutical sector achieved cumulative growth of 8.15 percent compared to the same period last year, underlining its steady expansion over the year.
Vietnam’s exports of toys and sports equipment to the USA lead in November
The USA stood as the dominant market for Vietnam, importing US$140.74 million worth of goods, albeit with a 17.33 percent decline from October. Japan followed with imports valued at US$64.22 million, reflecting a 3.33 percent month-on-month rise.
Vietnam’s iron and steel exports fall in November
Year-to-date exports stood at US$8.55 billion, with the United States being the top market, importing US$72.9 million in November, a rise of 22.67 percent.
Spanish tourist arrivals in Vietnam grow by 30.01 percent in November
Year-to-date, Spanish arrivals reached 84,721, reflecting a 27.2 percent growth compared to the same period last year. Spain continues to be an important European market for Vietnam, with increasing interest in the country’s cultural and natural attractions.
Vietnam’s exports to Thailand reach US$643.52 million in November 2024
Year-to-date, Vietnam’s exports to Thailand amounted to US$7.15 billion. Machinery, computers, and electronics dominate the export portfolio, with these categories leading the trade figures.
Vietnam’s rubber product exports grow slightly in November
The United States remained the leading importer, contributing US$42.48 million in November, marking an 11.37 percent increase from October.
Vietnam’s cosmetics manufacturing sees mixed performance to November
Year-on-year, however, the sector recorded a decline of 6.06 percent in November 2024 compared to the same period in 2023. Despite this, the sector achieved a cumulative growth of 10.31 percent over the first 11 months of 2024 compared to the same period last year, showcasing its long-term resilience.
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