Author: the-shiv
Vietnam’s glass and glassware exports up in October
Year-to-date figures highlight substantial growth. From January to October, glass and glassware exports totalled US$971.86 million, a significant 43.5 percent increase compared to the same period in 2023…
Arts and entertainment sector gains FDI boost with new project in October
Year-to-date, the sector has attracted six projects, bringing the total registered capital to US$12.48 million. Although investment levels in arts and entertainment remain relatively modest compared to other sectors, this October investment indicates some interest in Vietnam’s cultural and recreational industries.
Vietnam’s fruit, vegetable processing posts strong annual growth despite October dip
The sector saw a 5.8 percent dip in October compared to September, likely attributable to some residual impacts of Typhoon Yagi earlier in the year–compared to October 2023, the industry showed remarkable resilience with an 18.8 percent year-over-year increase, driven by sustained export demand and domestic consumption.
Vietnam retail sales for household goods maintain steady growth
In September, sales in this category stood at VND 6.10 trillion, equivalent to US$0.24 billion. By October, the figure dropped to VND 5.48 trillion, or US$0.22 billion, marking a month-on-month decrease of 10.25 percent…
Hai Phong Port joint venture secures US$156 million for international container terminals
The joint venture will operate two international container terminals, No. 3 and 4, as part of the Hai Phong International Gateway Port project in Lach Huyen. These terminals are expected to handle an annual cargo output of 1.1 million TEUs, significantly boosting the region’s container handling capacity.
Vietnam’s non-wood furniture exports rise in October, year-to-date growth remains strong
Year-to-date figures further highlight the sector’s strong performance. From January to October, exports in this category totalled US$2.71 billion, a 33.5 percent increase compared to the same period in 2023.
Vietnam’s furniture manufacturing sector sees robust annual growth
Year-over-year, production surged by 28.2 percent compared to October 2023, indicating substantial growth in the furniture industry as global demand for Vietnamese furniture continues to expand. Cumulatively, production from January to October 2024 rose by 24.8 percent over the same period in 2023…
Vietnam’s animal fodder imports soar in October
Argentina emerged as the leading supplier, with imports more than doubling, up 115.98 percent compared to September, while imports from Brazil surged by 154.23 percent, driven by rising shipments of key raw materials such as soybean meal and corn…
Vietnam retail sales for food record moderate growth in October
Cumulatively, year-to-date retail sales in the food sector amounted to VND 1.3 quadrillion, or US$52 billion. This performance underlines the sector’s stable contribution to Vietnam’s retail market, driven by consistent domestic consumption patterns…
National Assembly goes big and broad in Vietnam excise tax debate
Votive papers and plastic bags, gasoline, air conditioners, beer, and sugar are just some of the items being considered to either be added to the tax or removed from it…
HCMC labour shortages ongoing concern in lead up to Tet
The article carries interviews with several migrant workers that have complained costs are too high in the city and highlights satellite industrial hubs like Binh Duong as more affordable with a better quality of life…
Vietnam tractor market set to grow 3.4 percent annually through 2029
The report attributes the market’s steady growth to increasing agricultural mechanisation, rising food demand, government support, and advancements in tractor technology.
Jeil Logistics expands investment in Nam Dinh Vu Industrial Park by US$21 million
This investment reflects Jeil Logistics’ commitment to strengthening its operations in Vietnam, a key hub for global trade and supply chains. The strategic location of Nam Dinh Vu Industrial Park, with its proximity to ports and transportation networks, enhances the project’s capacity to deliver efficient logistics solutions.
Vietnam’s fruit and vegetable exports drop sharply in October but maintain strong year-to-date growth
Despite the October decline, year-to-date performance remains strong. From January to October, Vietnam exported fruits and vegetables valued at US$6.16 billion, representing a 27.8 percent increase compared to the same period in 2023…
Vietnam’s electrical equipment manufacturing sector sees strong year-over-year gains in October
Overall, electrical equipment manufacturing surged by 9.9 percent from September 2024 and recorded a substantial 15.4 percent increase compared to October 2023. Year-to-date growth in this segment stood at 10.8 percent, driven by rising demand for electrical infrastructure and equipment both domestically and for export…
Vietnam retail sales see marginal growth in October
Year-to-date, total retail sales amounted to VND 4,833.76 trillion, or US$190 billion. This cumulative performance underscores the robust demand in Vietnam’s retail market, driven by both general goods and services.
Vietnam’s data centre storage market to double by 2029 amid digital transformation
The report goes on to say that the demand for scalable and reliable data storage solutions is rising as Vietnamese businesses transition from traditional methods to digital platforms. Significant contributors to this trend include the finance, e-commerce, telecommunications, healthcare, and government sectors, which are generating and processing vast amounts of data daily…
Vietnam Report releases list of top pharma companies, pharma distributors
Market research firm Vietnam Report has compiled a list of the top ten pharmaceutical companies in Vietnam and the top ten pharmaceutical distributors. The results were determined by looking at the firms’ financial performance and analysing media coverage as well as through a survey conducted between October and November of this year…
Bitcoin price jump sparks flurry of interest in Vietnam
News outlet An Nhin Tu Do, which cites several of the aforementioned ‘studies’, the most extreme of which estimates crypto ownership by 25.9 million Vietnamese or one in four people, has suggested the jump in price has made Vietnamese crypto investors ‘restless’. It goes on to cite Financial expert Phan Dung Khanh as saying that Vietnamese crypto investors tend to trade based on a fear of missing out (READ: buy into hype)…
Chinese FDI in Vietnam reaches US$3.61 billion year-to-date, October shows steady growth
The high number of projects in October highlights China’s continued commitment to investing in Vietnam, particularly in sectors like manufacturing, energy, and infrastructure. Despite a lower investment value in October compared to September, the steady increase in the number of projects underscores the expanding footprint of Chinese enterprises in Vietnam…
In today’s news: ForEx regs overseas investments SOEs, VinFast GSM 5m unit agreement, US cotton shipments to VN, Samsung semiconductor build-out VN, Tay Ninh
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,
In today’s Vietnam news: Vinhomes bond plans, Fuel prices revised, Counterfeit Havianas, Internet undersea cable failures, VN-China tariff diff, SK-VN joint crude stockpiling, Daewoo
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