Author: the-shiv
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.
Vietnam will need 2,400 staff to run proposed nuclear power plant
Currently, just 460 Vietnamese have been sent abroad to study nuclear power production and most of these workers are working in unrelated fields…
Vietnam box office revenue reaches new high in 2024
On a side note, Vietnam has been actively pushing for more films to be produced in the country, particularly foreign films as a means to upskill its own creative workforce. It does, however, impose a number of restrictions on film production that can make it difficult for both domestic and foreign filmmakers alike to produce good quality storytelling in Vietnam.
Herbalife Vietnam fined for multi-level marketing regulations violations
Herbalife Vietnam, a multi-level marketing firm in the supplements space, has been fined VND 205 million or US$8,063 for range of violations including: a lack of proper training of new signees, a lack of qualified trainers, and a failure to properly report on its activities…
Vietnam’s exports of base metals and products increase in November
The United States remained the largest importer, purchasing US$66.03 million, a growth of 4.7 percent month-on-month. India followed with US$47.08 million, slightly decreasing by 1.89 percent.
Vietnam Business Directory
This is a free directory of businesses providing professional support to foreign firms looking to do business in Vietnam. In order to ensure the quality of this list, should you choose to engage any of these service providers, please let us know how it goes…
Vietnam’s furniture manufacturing surges in November
Year-on-year, the sector posted a substantial increase of 24.33 percent in November 2024 compared to the same period in 2023. Over the first 11 months of 2024, cumulative growth reached 24.74 percent, marking furniture manufacturing as a standout performer in Vietnam’s industrial economy.
Indonesian tourist arrivals in Vietnam remain steady in November
Year-to-date, Indonesian arrivals reached 166,000, reflecting a 29.3 percent growth compared to the same period last year. Indonesia remains a key ASEAN market for Vietnam’s tourism industry, with steady numbers contributing to the sector’s recovery.
Vietnam exports to Germany in November hit US$663.96 million
Year-to-date figures reflect a broader view, with exports to Germany totalling US$7.20 billion. This underscores Germany’s importance as one of Vietnam’s key trading partners, with significant contributions from machinery, textiles, and electronics.
How to Invest in Real Estate Projects in Vietnam for Foreign Firms 2025
Investing in real estate projects in Vietnam offers significant opportunities for foreign firms, driven by the country’s economic growth, urbanisation, and rising demand for residential, commercial, and industrial spaces. However, navigating the market requires a thorough understanding of local regulations, investment structures, and cultural nuances.
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This is an interview with Chris Walker, a Vietnam Sourcing Expert with Vietnam Factory Tours how rising oil prices and the Middle East crisis are
This is an interview with John Gardner, CEO and Founding Partner, at Optimum Hospitality in Ho Chi Minh City. It covers fuel price impacts on:
This is an interview with Dr Nuno F. Ribeiro, Associate Professor, International Tourism & Hospitality Management at Copenhagen Business College, formerly of RMIT Vietnam. It