Author: the-shiv
Vietnam sees growth in manufacturing FDI
Year-to-date (YTD), the sector has attracted a total of 1,030 new projects and US$20.2 billion in newly registered capital, demonstrating strong and consistent growth in the industry.
Vietnam sees continued growth in foreign direct investment in November
Year-to-date (YTD), Vietnam has attracted a total of 3,035 new projects with US$31.4 billion in newly registered capital, reflecting strong and consistent growth in foreign direct investment.
Vietnam’s cosmetics imports remain steady in October
China was the leading supplier, contributing US$14.81 million in October, an increase of 12.56 percent month-on-month. Singapore followed with US$32.59 million, though it saw a decline of 3.16 percent. South Korea, another major supplier, recorded an increase of 6.53 percent, reaching US$14.87 million.
Vietnam’s technical fabric exports grow in October, strong YTD performance continues
Year-to-date performance shows robust growth. From January to October, exports in this category totalled US$650.34 million, an 18.2 percent increase compared to the same period in 2023.
Vietnam’s coal mining production shows improved performance in November
Year-on-year, however, the sector contracted by 4.78 percent in November 2024 compared to the same month in 2023.
Vietnam’s CPI for eating outside the family sees slight increase in November
Eating out is a significant aspect of Vietnam’s modern lifestyle, driven by urbanisation and changing consumer preferences. Restaurants, cafes, and street food establishments contribute significantly to the service economy, reflecting broader trends in consumer spending.
Vietnam tourist arrivals see a 20.54 percent month on month growth in November
Vietnam welcomed 1,711,512 international tourists in November, representing a month-on-month increase of 291,679 visitors or 20.54 percent, according to Vietnam’s General Department of Tourism. Year-to-date, the country has recorded 15,836,661 arrivals, marking a year-on-year increase of 38.8 percent. Asian visitors dominated the figures, contributing 1,357,769 arrivals in November, up by
Vietnam’s toy and sports equipment exports grow in October
However, year-to-date performance shows little change. From January to October, the sector’s exports totalled US$3.13 billion, reflecting a slight decline of 0.7 percent compared to the same period in 2023.
Vietnam’s food and food services CPI records decline in November
Food and food services play a central role in Vietnam’s economy, with the sector contributing significantly to household expenditure and national GDP. The country’s diverse agricultural base supports a wide range of food products, catering to both domestic consumption and export markets.
Vietnam’s extractive industry sees modest November monthly growth but YoY decline
Year-on-year, however, the extractive sector showed a significant decline of 9.85 percent in November 2024 compared to the same month in 2023. For the first 11 months of 2024, the IPI decreased by 7.31 percent compared to the same period the previous year, highlighting ongoing challenges faced by the industry.
Vietnam’s textile and garment exports rise in October, maintain strong year-to-date growth
Year-to-date figures also indicate robust performance. From January to October, exports in this category totalled US$30.57 billion, a 10.5 percent increase compared to the same period in 2023.
Vietnam’s CPI records slight dip in November vs. October
Throughout 2024, the CPI trends have varied significantly. September recorded a rate of 2.63 percent, while August saw a notable peak at 3.45 percent. Earlier in the year, July and June registered higher figures of 4.36 percent and 4.34 percent, respectively.
Vietnam’s industrial production index sees steady growth in November
Year-on-year, the IPI rose by 8.94 percent in November 2024 compared to the same period in 2023. Over the first 11 months of 2024, cumulative growth reached 8.36 percent, demonstrating the vitality of Vietnam’s industrial economy.
Vietnam’s imports of fishery products surge in October
Indonesia was the top supplier, contributing US$31.27 million in October, reflecting a modest increase of 1.78 percent. Norway followed with US$24.26 million, marking a significant 40.27 percent rise. Imports from India surged by 80.12 percent to US$27.27 million, while China saw a 16.12 percent increase to US$20.06 million.
Vietnam’s cosmetics and personal care sector shows strong industrial growth
Year-on-year, the index saw a 5.2 percent growth in October 2024 compared to October 2023, showcasing steady progress in the industry. Over the first ten months of the year, production surged by 12.9 percent compared to the same period in 2023, marking strong year-to-date growth.
Vietnam’s rubber product exports grow in October, maintain steady year-to-date performance
Year-to-date figures also show solid growth. From January to October, exports in this category totalled US$997.12 million, an 11.5 percent increase compared to the same period in 2023.
Vietnam’s imports of fruit and vegetables remain steady in October
Australia was among the leading suppliers, contributing US$19.22 million in October, despite a decline of 14.40 percent month-on-month. The USA followed closely, with imports increasing by 5.67 percent to US$30.31 million. Imports from Thailand also grew by 5.72 percent, reaching US$5.50 million.
Vietnam’s automatic circuit breaker import market set for robust growth: Report
The surge in demand, per the report, is attributed to Vietnam’s developing electrical industry, which currently lacks the technical expertise and production capacity to meet domestic needs. As a result, the country relies heavily on imports of circuit breakers and other electrical protection devices.
Vietnam’s plastic exports rise in October, year-to-date figures show significant growth
Year-to-date performance reveals even stronger growth. From January to October, Vietnam exported 2.06 million tonnes of plastics, valued at US$2.26 billion. This marks a 33.6 percent increase in volume and a 28.5 percent rise in value compared to the same period in 2023…
Vietnam’s exports to Belgium see October surge
Vietnam’s exports to Belgium reached US$403.87 million in October, reflecting a significant increase of 43.58 percent compared to September, according to Vietnam’s General Department of Customs. Year-to-date exports have now reached US$3.16 billion.
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