Author: the-shiv
Vietnam’s tea exports grow in October, year-to-date performance shows robust growth
Year-to-date figures demonstrate strong growth. From January to October, Vietnam exported 120,306 tonnes of tea, valued at US$211.93 million. This reflects a 28.3 percent rise in volume and a 30.3 percent increase in value compared to the same period in 2023.
Vietnam struggles to disburse foreign loans on site clearance, approval delays
On the issue, the official government newspaper, has comments from several provincial leaders that have all detailed the same sort of problem in that plans are often changed after being approved which has seen delays as approvals for the revised plans have been sought. This often connects with site clearance delays.
Vietnam’s exports to Singapore jump 11.71 percent in October
Vietnam’s exports to Singapore reached US$433.10 million in October, an increase of 11.71 percent month-on-month. Year-to-date exports to Singapore amounted to US$4.35 billion, according to Vietnam’s General Department of Customs.
FDI inflows from Switzerland to Vietnam show steady investment in October
Switzerland registered four new FDI projects in October in Vietnam, but no newly registered capital (NRC) recorded, according to the latest data for October from the Ministry of Planning and Investment. This compares to September, which saw 3 new projects but also no newly registered capital.
Vietnam’s camera exports remain steady in October
Year-to-date performance reflects significant growth. From January to October, Vietnam’s exports in this category totalled US$6.86 billion, an 18.4 percent increase compared to the same period in 2023.
Vietnam’s exports to Mexico see significant growth in October
Vietnam’s exports to Mexico reached US$482.81 million in October, marking a robust increase of 14.65 percent compared to September. Year-to-date exports to Mexico totalled US$4.57 billion, according to Vietnam’s General Department of Customs.
FDI inflows from Malaysia to Vietnam shows strong October growth
Year-to-date figures show a total of 35 new projects and US$139.25 million in newly registered capital. These figures fortify Malaysia’s strong and growing role in Vietnam’s economic development, particularly in sectors such as manufacturing and processing.
Vietnam’s rubber exports record sharp rise in October
Year-to-date performance highlights mixed results. From January to October, Vietnam exported 1.54 million tonnes of rubber, a 4.9 percent decrease in volume compared to the same period in 2023. However, export value increased by 16.4 percent, reaching US$2.53 billion, reflecting higher global rubber prices.
Vietnam’s exports to the United Arab Emirates record slight decline in October
Vietnam’s exports to the United Arab Emirates (UAE) totalled US$456.87 million in October, representing a slight decline of 2.04 percent month-on-month. The year-to-date export value reached US$4.77 billion.
FDI inflows from Thailand to Vietnam steady in October
Year-to-date figures show a total of 14 new projects and US$141.42 million in newly registered capital. These figures highlight Thailand’s role as an important investor in Vietnam’s economic development, particularly in manufacturing and processing sectors.
Vietnam’s rice exports dip in October, but year-to-date figures remain strong
Despite the October dip, year-to-date performance remains robust. From January to October, Vietnam exported 7.75 million tonnes of rice, generating US$4.86 billion in export value. This marks a 10.1 percent increase in volume and a 23.5 percent rise in value compared to the same period in 2023, reflecting higher global rice prices.
Vietnam’s exports to Indonesia grow 6.8 percent in October
Vietnam’s exports to Indonesia reached US$527.62 million in October, up 6.80 percent month-on-month with year-to-date export value totalling US$5.16 billion, according to Vietnam’s General Department of Customs.
FDI inflows from the Netherlands to Vietnam show positive growth
Year-to-date figures show a total of 11 new projects and US$164.84 million in newly registered capital. These figures demonstrate that the Netherlands remains a significant contributor to Vietnam’s economic development, particularly in sectors such as manufacturing and processing.
Vietnam’s PMI falls in November but still in growth territory
The S&P Global Vietnam Manufacturing Purchasing Managers’ Index recorded a fall in November over October, from 51.2 points to 50.8, according to a press release from the firm. This is still above the 50-point no-change point signalling the sector is still in an expansionary phase.
Vietnam NA approves Vietnam Airlines share issue to clear outstanding debts
This is an interesting development in that 86 percent of the airline is owned by the government. With this in mind, the National Assembly has effectively given the government permission to issue several thousand billion dong worth of shares to itself. It’s not clear, however, if the National Assembly will give the government permission to buy said shares.
Vietnam’s precious stone and metal exports grow in October, but year-to-date figures decline
However, year-to-date performance remains weak. From January to October, exports in this category totalled US$523.14 million, marking a significant 38.3 percent decline compared to the same period in 2023.
Concerns re: Low domestic consumption spark response from Vietnam PM
Overall, local media coverage suggests broad consensus that there is a domestic consumption problem, relative to past experiences, in the lead up to the Lunar New Year. That said, there does not seem to be much in the way of analysis of the specific aspects of the Prime Minister’s Directive or how it might manifest in a practical sense…
Vietnam NA approves resuming pursuit of Ninh Thuan nuclear power plant
Coverage from Dau Tu Chung Khoan notes that the cost was estimated to be VND 200,000 billion in 2009 (This is about US$7.9 billion at today’s exchange rate). In addition, the publication points out that several key issues were raised by the NA including radioactive waste management and community safety, though these do not appear to have been addressed.
Vietnam’s exports to the Philippines rise 11.69 percent in October
Vietnam’s exports to the Philippines reached US$600.87 million in October, marking an 11.69 percent increase month-on-month with the year-to-date export value reaching US$5.22 billion, according to Vietnam’s General Department of Customs…
Vietnam retail sales of services records steady growth in October
In September, the sector recorded sales of VND 56.56 trillion, equivalent to US$2.23 billion. In October, this rose to VND 57.95 trillion, or US$2.28 billion, showing a month-on-month growth of 2.46 percent.
In today’s news: Japan-VN asset tie-up, Import tax refund guidance, Instant noodle consumption, AI plans, SSC + S&P Dow Jones execs meet in NY,
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