Author: the-shiv
Vietnam’s garment manufacturing sector achieves strong growth in November
Year-on-year, garment manufacturing recorded a remarkable 18.07 percent growth in November 2024 compared to the same month in 2023. Over the first 11 months of 2024, the IPI for this sector grew by 10.83 percent compared to the same period last year, solidifying its position as a vital driver of Vietnam’s industrial growth.
Vietnam’s iron and steel exports rise in November
Year-to-date exports stood at US$4.09 billion, with the USA as the largest importer at US$1.17 billion, despite a 10.44 percent monthly decline. Japan followed with US$559.99 million, experiencing a modest growth of 1.23 percent.
Vietnam’s cable and wire production posts strong annual growth in 2024
Year-on-year, the sector recorded a remarkable 15.39 percent growth in November 2024 compared to the same period in 2023. Over the first 11 months of 2024, cumulative growth reached 14.09 percent, reinforcing the sector’s pivotal role in Vietnam’s industrial performance.
UK tourist arrivals in Vietnam grow by 32.71 percent in November
Year-to-date, UK arrivals reached 279,567, reflecting a 20.3 percent growth compared to the same period last year. The United Kingdom remains one of Vietnam’s key European tourism markets, demonstrating strong post-pandemic recovery.
Vietnam’s exports of precious stones and articles show strong growth in November
The United States retained its position as the largest market, importing US$21.97 million, a slight 0.16 percent rise from October. South Korea displayed the most significant growth, increasing its imports by 50.56 percent to US$5.82 million.
Vietnam’s paper and paper products exports down 4.3 percent in November
The United States remained the largest importer, with shipments valued at US$46.33 million, down 7.38 percent from October.
Danish tourist arrivals in Vietnam decline sharply in November
Year-to-date, Danish arrivals reached 33,458, reflecting a modest growth of 7.7 percent compared to the same period last year. Despite the decline in November, Denmark remains an important Northern European market for Vietnam’s tourism sector.
Vietnam’s coffee exports surge in November
Year-to-date exports of coffee reached US$4.93 billion, with Spain being the leading importer at US$409.90 million, reflecting a 44.27 percent increase from October.
Vietnam’s battery manufacturing sees strong annual growth in 2024
Year-on-year, the industry recorded a significant 15.35 percent increase in November 2024 compared to the same month in 2023. Over the first 11 months of 2024, the sector achieved a cumulative growth of 12.23 percent, highlighting its robust contribution to Vietnam’s industrial output.
Reduction in Vietnam Environment Tax on jet fuel, petrol extended to end 2025
A 50 percent cut to Vietnam’s Environment Tax on jet fuel, petrol, and grease, first implemented as a COVID-19 economic stimulus measure, will be extended to the end of next year. The tax cut was originally set to end on the first of January.
Vietnam fertility rate hits new low, possible labour shortages on horizon
Vietnam’s fertility rate fell to 1.91 children per woman in 2024 down from 1.96 in 2023, and well-below the 2.1 replacement rate needed. This has been raised as a concern in the context of its impact on Vietnam’s labour supply.
French tourist arrivals in Vietnam rise by 44.16 percent in November
Year-to-date, French arrivals reached 254,653, reflecting a 30.4 percent growth compared to the same period last year. France remains one of Vietnam’s most significant European markets, contributing to the strong rebound of international tourism.
Vietnam’s ceramic product exports show stability in November 2024
The United States remained the top importer, accounting for US$18.87 million, a 9.76 percent increase from the previous month. Japan followed with imports of US$7.70 million, up by 13.60 percent.
Vietnam’s textile, leather, and footwear materials exports drop 8.1 percent in November
Indonesia was the largest market, importing US$31.86 million of these materials, representing a modest decrease of 2.79 percent
Norwegian tourist arrivals in Vietnam rise by 66.31 percent in November
Year-to-date, Norwegian arrivals reached 24,545, representing a 34.3 percent growth compared to the same period last year. Norway remains a growing source market for Vietnam within Northern Europe.
Vietnam’s rice exports dip in November
Year-to-date rice exports reached US$5.30 billion, with the Philippines being the top destination, accounting for US$2.47 billion. However, exports to the Philippines saw an 8.38 percent decline compared to October.
Vietnam’s motors and transformers sector faces mixed results in November
Year-on-year, the industry grew marginally by 0.29 percent to November 2024 compared to the same period in 2023. For the first 11 months of 2024, cumulative growth reached 6.35 percent, indicating long-term resilience despite short-term challenges.
Taiwanese tourist arrivals in Vietnam rise by 28.69 percent in November
Year-to-date, arrivals from Taiwan reached 234,140, reflecting a significant 111 percent growth compared to the same period last year. Taiwan has emerged as a vital market for Vietnam, demonstrating strong post-pandemic recovery and travel interest.
Vietnam’s fertiliser exports reflect mixed trends in November
Cambodia emerged as the top importer, purchasing US$22.14 million worth of fertilisers, despite a slight drop of 4.51 percent from October. South Korea followed, with imports surging by 36.02 percent to US$9.33 million.
Vietnam’s plastic exports experience 29.3 percent drop in November
China remained the largest importer, purchasing US$24.4 million of Vietnamese plastics, although this represented a sharp 59.42 percent decline from the previous month.
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