Author: the-shiv
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.
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
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