Author: the-shiv
Vietnam’s fabric imports dip slightly in November
China remained Vietnam’s largest supplier, contributing US$866.08 million, though this reflected a slight month-on-month decrease of 2.22 percent. South Korea followed with strong growth, increasing by 14.61 percent to US$138.08 million. Taiwan saw a decline of 5.45 percent, with imports totalling US$117.38 million.
Vietnam’s exports of machinery and equipment decline in November
The USA remained the largest market, with exports reaching US$2.22 billion, despite a decline of 10.54 percent month-on-month. Exports to China were stable at US$301.61 million, reflecting a slight increase of 0.25 percent. South Korea saw a sharp decline of 15.74 percent, with exports totalling US$253.97 million.
Vietnam’s fruit and vegetable processing jumps month-on-month in November
Year-on-year, the sector saw growth of 18.63 percent in November 2024 compared to the same month in 2023. Over the first 11 months of the year, the IPI recorded an increase of 17.23 percent compared to the same period last year, marking it as one of Vietnam’s fastest-growing industries.
Vietnam post and telecommunication prices continue to decline in November
The sector has shown consistent declines throughout 2024, with September at -0.42 percent and August at -0.74 percent. Mid-year figures were even lower, with July and June reporting declines of -1.06 percent and -1.18 percent, respectively.
Vietnam’s diagnostic labs market to reach US$2.17 billion by 2032: Report
The diagnostic labs sector plays a vital role in Vietnam’s healthcare system, offering critical services for medical testing and diagnostics. The rising incidence of chronic illnesses such as diabetes, cardiovascular diseases, and cancer has significantly boosted the demand for diagnostic services, the report says.
Vietnam’s imports from Taiwan record decline .47 percent decline in November
Vietnam imported goods worth US$2.04 billion from Taiwan in November, a slight decline of 0.47 percent compared to October, according to Vietnam’s General Department of Customs. Year-to-date imports amounted to US$20.73 billion.
Vietnam sees a decline in construction sector FDI in November
Year-to-date (YTD), the sector has attracted a total of 50 new projects with US$628 million in newly registered capital, showing a significant year-over-year increase in investment despite the decline in November.
Tourist from Oceania to Vietnam grow by 7.35 percent in November
Australia led the way with 44,039 arrivals in November, up by 9.03 percent from October, while New Zealand contributed 4,162 tourists, marking a slight decline of 8.22 percent. Other Oceania countries added 140 visitors, an increase of 35.92 percent.
Vietnam’s exports to the USA record slight November decline
Machinery, equipment, tools, and instruments led the export categories, contributing US$2.22 billion, though this marked a 10.54 percent decline month-on-month. Computers, electrical products, and spare parts followed at US$1.80 billion, down 0.65 percent.
Vietnam’s imports of machinery and equipment increase in November
China remained the top supplier, with imports increasing by 8.11 percent to US$2.72 billion. South Korea contributed US$412.03 million, marking a slight growth of 2.01 percent, while the USA recorded a 5.34 percent increase, totalling US$96.87 million.
Vietnam’s exports of telephones and mobile phones record sharp November decline
China was the largest market, receiving US$1.12 billion in November, but this represented a significant decline of 33.65 percent month-on-month. The USA followed with US$642.82 million, down 7.68 percent. South Korea saw a decrease of 13.16 percent, with exports totalling US$263.32 million.
Vietnam’s aquatic products processing jumps in November
Year-on-year, the sector saw substantial growth of 15.53 percent in November 2024 compared to the same month in 2023. Over the first 11 months of 2024, the IPI for this sector increased by 9.72 percent compared to the same period last year, highlighting its strong performance in driving industrial growth.
Vietnam’s imports of computers and electronic products decline in November
China was the largest supplier, with imports growing by 6.77 percent to US$2.97 billion. South Korea followed, contributing US$2.82 billion but reflecting a decline of 2.69 percent month-on-month. Taiwan saw imports decrease by 5.35 percent to US$1.26 billion.
Vietnam medicines, medical services prices report sharp November decline
The Consumer Price Index (CPI) for medicines and medical services in Vietnam experienced a significant decrease of 3 percent in November compared to October, reaching 5.28 percent, according to Vietnam’s General Statistics Office.
Vietnam’s imports from South Korea see slight decline in November
The largest import category was computers, electrical products, and spare parts, which amounted to US$2.82 billion, though this represented a decline of 2.69 percent month-on-month…
Vietnam sees strong growth in accommodation and food services FDI in November
Year-to-date (YTD), the sector has attracted a total of 36 new projects with US$101 million in newly registered capital, reflecting strong growth in this area.
European tourist arrivals in Vietnam grow by 27.49 percent in November
Year-to-date, European arrivals totalled 1,782,578, representing a 23.6 percent growth compared to the same period last year. Among key contributors, France led with 33,027 visitors in November, a 44.16 percent increase from October.
Vietnam bond market continues upward momentum in November
Year-to-date, 362 private placements have been made, raising VND 342,716 billion (or US$13.71 billion), alongside 21 public offerings worth VND 32,114 billion (or US$1.28 billion)…
Vietnam’s food processing, manufacturing production jumps in November
Year-on-year, the sector achieved notable growth of 10.91 percent in November 2024 compared to the same period in 2023. Over the first 11 months of 2024, the IPI for food processing and manufacturing rose by 7.65 percent compared to the same period last year, underscoring its significant contribution to Vietnam’s industrial output.
Vietnam’s vape ban hits a nerve with pro-vaping group
Of note, Vaping360 a vaping retailer and pro-vape website has covered this issue in a somewhat aggressive op-ed. But whereas the tone and wording might be a smidge hyperbolic it does raise a good point in that Vietnam has one of highest smoking rates in the world and therefore banning a less-harmful alternative does seem counterproductive.
In today’s Vietnam news: GS TL on AI, Saigon Economic Times last issue, Fuel prices cut, Vinhomes issuing more bonds, Counterfeit Korean cosmetics store,
In today’s Vietnam news: Power supply imports, Hanoi boulevard project protests, Antidumping duties coming for boxes, Maersk container terminal project Hanoi, Vinpearl foreign investment,
In today’s Vietnam news: Credit limits removed for some major projects, Estonian web security company market entry, Vingroup’s Vuong becomes major shareholder LP Bank,
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This is an interview with Dr Nuno F. Ribeiro, Associate Professor, International Tourism & Hospitality Management at Copenhagen Business College, formerly of RMIT Vietnam. It