Author: the-shiv
Vietnam’s chemical exports show strong growth in October and year-to-date figures
Year-to-date figures also indicate significant growth. From January to October, chemical exports totalled US$2.28 billion, a 15.2 percent increase compared to the same period in 2023…
Vietnam’s wood, bamboo, and rattan products exports sees YoY growth despite slight monthly decline
Year-over-year the sector demonstrated substantial growth, with a 10.9 percent increase in October this year compared to October 2023. Additionally, for the January-to-October period, production was up 8.7 percent over the same period last year. These annual gains underscore the rising demand for Vietnamese wood and bamboo products, both domestically and internationally.
Vietnam chemical product exports up fraction in October but by double-digits year-to-date
Year-to-date figures are more encouraging, with chemical exports from January to October totalling US$2.22 billion. This marks a 12.1 percent increase compared to the same period in 2023, highlighting robust growth in the sector over the year…
Vietnam’s ceramic exports surge in October, year-to-date growth remains steady
Year-to-date figures also show consistent growth. From January to October, ceramic exports totalled US$537.78 million, an 8.6 percent increase compared to the same period in 2023…
Vietnam FDI in finance, banking, and insurance doubles in capital
Year-to-date, the sector has attracted six projects with a cumulative registered capital of US$121.42 million. The rise in capital highlights increased interest in Vietnam’s financial services landscape, as international investors recognise the potential for expansion in banking, insurance, and financial services…
LG Group to boost investment in Vietnam with US$1 billion expansion
This adjustment brings the total investment in the high-tech OLED screen manufacturing facility to US$5.65 billion, making it one of LG’s largest projects in the country…
Vietnam’s cashew nut exports show robust growth in October and year-to-date figures
Year-to-date figures reveal even more impressive growth. From January to October, Vietnam exported 609,229 tonnes of cashew nuts valued at US$3.58 billion, reflecting increases of 17.9 percent in volume and 21.4 percent in value compared to the same period in 2023…
Vietnam car sales up 7 percent year-on-year by end October
Passenger cars led the market, with October sales hitting 26,453 units—up 4 percent from the same month last year. This category remains the backbone of Vietnam’s automotive industry, with year-to-date sales reaching 169,363 units. The steady growth highlights a consistent demand for personal vehicles among Vietnamese consumers…
Vietnam bank deposits reach new high in August
Notably, withdrawals of said deposits could be problematic in that outstanding loans in Vietnam, as of the end of October, exceeded the volume of bank deposits by roughly 3.7 percent. This was reportedly putting liquidity pressure on banks which has become an ongoing theme in Vietnam’s banking industry this year. The issue, however, looks to be on the credit growth end rather than with respect to deposits…
Vietnam’s construction sector sees FDI project increase but capital plunges
Year-to-date, the construction sector has attracted 47 projects with a cumulative registered capital of US$597.67 million…
Vietnam’s bamboo and rattan exports rise in October, year-to-date figures remain positive
The steady year-to-date growth demonstrates Vietnam’s competitive position in this niche market, buoyed by growing global interest in sustainable materials. The October uptick further reinforces the sector’s resilience, indicating potential for continued expansion as international demand for environmentally conscious products rises.
Vietnam’s CPI for culture, entertainment, and tourism shows moderate annual increase
Year-to-date, the CPI for culture, entertainment, and tourism rose by 1.91 percent from January to October 2024 compared to the same period in 2023. This steady growth is likely supported by rising consumer interest in leisure activities and tourism within Vietnam.
Vietnam’s footwear manufacturing sector posts strong growth in October
Vietnam’s competitive advantage in footwear production is in its experienced labour and cost efficiencies. However, to maintain this momentum, the industry may need to address challenges related to global supply chain pressures, rising production costs, and the growing importance of sustainable and ethical production practices in the international market…
Vietnam’s insurance market records slight growth in October
The market’s total premium revenue over the first 10 months of the year reached an estimated VND 184.2 trillion or US$7.42 billion, reflecting a slight decline of 0.3 percent from the same period in 2023…
Vietnam’s animal fodder exports rise in October, but year-to-date figures lag behind
Vietnam’s exports of animal fodders and animal fodder materials saw a notable increase in October, with export value reaching US$97.05 million. This marks a 22.6 percent growth compared to US$79.13 million in September, reflecting a strong recovery in export performance for the month…
FDI in Vietnam’s information and communication sector declines in October
Year-to-date, the sector has attracted 194 projects with a cumulative registered capital of US$150.56 million, reflecting moderate investment levels in Vietnam’s digital and communication infrastructure…
Vietnam’s pharmaceuticals market set for robust growth amid rising healthcare demand: report
Investment in healthcare infrastructure is also playing a critical role in expanding access to essential medicines, especially in urban and increasingly in rural areas. As both government and private sectors focus on enhancing Vietnam’s healthcare facilities, the pharmaceutical market is expected to continue its upward trajectory, addressing the diverse healthcare needs of a rapidly evolving population.
Vietnam’s education sector CPI shows mixed trends with high year-to-date growth
These trends highlight inflationary pressures within Vietnam’s education sector, where tuition and service costs have risen substantially, likely due to enhanced demand, infrastructure investments, and evolving curriculum standards…
Vietnam’s garment manufacturing sector sees significant year-over-year growth, October
Of note, Vietnam’s garment sector is benefiting from increased international orders and favourable trade conditions. However, sustaining this growth may require addressing challenges such as supply chain dependencies and rising production costs, particularly in a global market where sustainable and ethical production practices are becoming increasingly important to buyers.
Vietnam holds position on US currency manipulation watchlist in November report
Vietnam has met two of three of the US Treasury’s currency manipulator criteria. Specifically it has a material current account surplus greater than 3 percent of its GDP (5 percent in the 12 months ended June 30) and a bilateral trade surplus with the US in excess of US$15 billion (US$111.7 billion in the 12 months ended June 30)…
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