Author: the-shiv
Vietnam’s iron and steel imports fall sharply by 31.9 percent in November
China remained Vietnam’s largest supplier, accounting for US$550.87 million, though this reflected a sharp drop of 46.04 percent month-on-month. Imports from South Korea grew by 8.17 percent, reaching US$138.92 million, while Japan recorded a 12.70 percent increase to US$135.15 million.
Vietnam’s textile and garment exports decline by 5 percent in November
The USA remained the largest market, with exports rising slightly by 1.68 percent to US$1.31 billion. Exports to Japan dropped by 7.94 percent to US$387.94 million, while South Korea saw a significant decline of 46.65 percent, totalling US$186.35 million.
Vietnam’s milk and dairy processing sees steady growth in November
Year-on-year, the milk and dairy processing sector achieved growth of 9.36 percent in November 2024 compared to the same period in 2023. Over the first 11 months of 2024, the sector recorded a cumulative growth of 3.96 percent compared to the same timeframe last year, showcasing consistent performance despite economic challenges.
Vietnam’s culture, entertainment, and tourism prices rises slightly in November
The sector has demonstrated consistent growth throughout 2024, with September’s CPI at 2.03 percent and a mid-year peak of 2.35 percent in June. Seasonal activities, festivals, and increased tourism demand have been key drivers of the fluctuations observed during the year.
Vietnam’s education CPI records further decline in November
Earlier in the year, education CPI showed notable fluctuations. September saw a slight rise of 1.21 percent, while August experienced a substantial increase of 7.13 percent…
Vietnam’s imports from Japan decline by 11.99 percent in November
Computers, electrical products, and spare parts remained the largest import category but fell sharply by 26.45 percent to US$368.27 million. Machinery, equipment, tools, and instruments also dropped by 12.78 percent to US$342.59 million.
Vietnam sees steady performance in agriculture, forestry, and fisheries FDI in November
Year-to-date (YTD), the sector has attracted a total of 11 new projects and US$94.7 million in newly registered capital, reflecting solid growth for the year.
USDA releases half-year Vietnam Coffee Report
The report notes that 85 percent of Vietnam’s coffee exports are low-value green beans as opposed to higher value processed coffee products along with a few other choice insights.
Another Vietnam international school shuttered on poor financial management
This is significant in that it is another in a series of international school closures on poor financial management. Of note, Green Shoots International School in Hoi An closed down last year leaving parents out of pocket and the American International School Vietnam (AISV) in Ho Chi Minh City was also closed down earlier this year.
African tourist arrivals in Vietnam rise by 3.06 percent in November
Year-to-date, African arrivals reached 47,015, reflecting a significant 33.7 percent growth compared to the same period last year. The growth highlights Vietnam’s growing appeal to travellers from the African continent, supported by increasing connectivity and targeted tourism promotion.
Vietnam’s exports to China decline 7.6 percent in November
Telephones, mobile phones, and parts thereof remained the largest export category, totalling US$1.12 billion, though this marked a sharp decline of 33.65 percent month-on-month. Computers, electrical products, and spare parts surged by 35.89 percent to US$1.10 billion, demonstrating strong demand.
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.
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