Author: the-shiv
NVIDIA announces intentions to buy Vietnam’s VinBrain
Whereas this has been heralded as a coup for Vietnam’s tech sector–VietnamBiz has gone so far as to suggest this supports the thesis that Vietnam is is becoming a ‘promised land’ for global tech firms– it’s difficult to know exactly what this might mean on a practical level at this point in time.
Vietnam’s household equipment and appliance prices record November increase
Throughout 2024, the sector has experienced stable, gradual growth. September’s CPI stood at 1.17 percent, while mid-year figures remained consistent, with 1.14 percent in August and 1.15 percent in July…
Vietnam sees significant drop in transport and warehouse FDI in November
Year-to-date (YTD), the sector has attracted a total of 102 new projects with US$462 million in newly registered capital, showing that the sector’s performance has fluctuated over the course of the year.
Vietnam trade records slight fall in November but strong year-on-year gains
Exports in November totalled US$33.73 billion, down 5.3 percent from October. Imports for the same period reached US$32.67 billion, representing a 2.8 percent decline. This brought Vietnam’s trade balance for the month to a surplus of US$1.07 billion, reflecting a sustained positive trend despite the slowdown.
Vietnam’s exports of computers and electronics record 5.42 percent November jump
The USA remained the largest market, with exports amounting to US$1.80 billion, despite a slight decline of 0.65 percent month-on-month.
Vietnam sees continued growth in information and communication FDI in November
Year-to-date (YTD), the sector has attracted a total of 217 new projects and US$248 million in newly registered capital, highlighting consistent growth in this area…
Tourist arrivals from Americas in Vietnam increase by 24.8 percent in November
Year-to-date, tourist arrivals from the Americas reached 907,902, reflecting a 19.6 percent growth compared to the same period last year. The United States led the region with 69,237 arrivals in November, an 18.92 percent increase from October…
Vietnam’s processing and manufacturing production records strong November growth
Year-on-year, the processing and manufacturing industry showed an impressive growth rate of 11.22 percent in November 2024 compared to the same period in 2023. Over the first 11 months of 2024, the sector achieved an overall increase of 9.69 percent compared to the corresponding period last year, underlining its role as a driving force for Vietnam’s economy.
Vietnam’s housing and construction materials records price hike in November
The sector has experienced fluctuations throughout the year, with September’s CPI at 4.37 percent and a mid-year peak of 5.60 percent in June. The rise in November reflects growing demand for construction materials and housing-related expenses as urbanisation continues to shape the market.
Vietnam’s animal feed additives market projected to reach new heights
As Vietnam’s livestock and aquaculture industries continue to grow, the demand for specialised feed additives such as vitamins, amino acids, enzymes, and probiotics is expected to rise. Vendors in the market are well-positioned to capitalise on these opportunities, as the report highlights significant growth potential across various regions and market segments.
Vietnam sees strong growth in professional, scientific, and technological FDI
Year-to-date (YTD), the sector has attracted a total of 332 new projects and US$1.02 billion in newly registered capital, reflecting significant investment in this area.
Vietnam’s yarn exports rise in October, year-to-date performance shows modest growth
Year-to-date performance shows more modest growth. From January to October, Vietnam exported 1.54 million tonnes of yarn, valued at US$3.65 billion. This marks a 4 percent increase in volume and a marginal 0.3 percent rise in value compared to the same period in 2023.
Vietnam’s garments, hats, and shoes prices remain stable in November
Garments, hats, and shoes form an essential part of household expenditure in Vietnam, driven by domestic demand and seasonal shopping patterns. The sector is also a significant contributor to the economy, supported by the country’s strong textile and footwear production capabilities.
Vietnamese overseas investment surges in first 11 months of 2024
Investments were spread across 16 sectors, with professional activities, science, and technology taking the lead, accounting for 33.5 percent of the capital. The processing and manufacturing industry followed with 18.2 percent, while electricity production and distribution contributed 15.8 percent.
Vietnam’s coke and semi-coke imports set to grow at 7.8 percent annually
The report notes that Vietnam’s domestic coke production faces significant challenges due to a lack of high-quality coking coal and advanced production technology, making the country heavily reliant on imports to meet its industrial needs…
Vietnam sees strong growth in FDI in repairs of cars, motorbikes in November
Year-to-date (YTD), the sector has attracted a total of 1,070 new projects and US$1.37 billion in newly registered capital, reflecting significant growth in the sector…
Asian tourist arrivals in Vietnam grow by 19.85 percent in November
Year-to-date, Asian arrivals totalled 12,614,542, reflecting a 43.3 percent year-on-year increase. Among the top contributors, China led with 339,399 arrivals in November, up 11.11 percent…
Vietnam’s wood and wooden product exports surge in October, maintain strong year-to-date growth
Year-to-date performance also shows strong growth. From January to October, exports in this category totalled US$13.22 billion, marking a 21.2 percent increase compared to the same period in 2023.
Vietnam’s natural gas extraction index shows steep year-on-year decline
Year-on-year, the natural gas extraction index recorded a sharp decline of 23.35 percent in November 2024 compared to the same period in 2023…
Vietnam’s drinks and tobacco CPI records slight increase in November
The drinks and tobacco sector forms a steady component of consumer expenditure in Vietnam, influenced by lifestyle trends, festive demand, and pricing adjustments. It also contributes significantly to government revenue through excise taxes and duties.
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,
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