Author: the-shiv
Vietnam’s coffee exports dip in October, year-to-date value remains strong
The year-to-date value growth reflects favourable global coffee prices, offsetting the lower export volumes. While the October performance shows a short-term dip, the overall high value underscores Vietnam’s continued strength as a leading coffee exporter…
Vietnam accommodation and food services FDI sees dip in newly registered capital in October
Despite the fluctuations, the accommodation and food services sector continues to attract interest, driven by Vietnam’s expanding tourism industry and growing demand for hospitality services. It’s expected that FDI levels will continue to grow, as Vietnam’s hospitality sector remains a key component of its economic and tourism growth trajectory.
Vietnam’s pharmaceutical sector shows steady growth with strong year-to-date increase
Year-over-year, the sector grew by 5.9 percent compared to October 2023, while the cumulative increase from January to October was 9.8 percent over the same period last year. These figures highlight the sector’s sustained expansion, which aligns with Vietnam’s focus on its healthcare infrastructure and localising pharmaceutical production to reduce reliance on imports…
Vietnam’s coal exports decline in October, year-to-date figures remain under pressure
The decline in value both for October and year-to-date underscores challenges in the coal sector, including fluctuating global prices and demand shifts toward cleaner energy sources. While volume stability offers some optimism, addressing value declines will be critical for sustaining the sector’s contribution to Vietnam’s exports if that is indeed something Vietnam wants to continue…
Singaporean FDI in Vietnam reaches US$7.79 billion year-to-date by end October
This marks a significant uptick compared to September, where Singaporean investors initiated only 25 projects worth US$560 million….
Vietnam’s exports to the USA surge in October, driven by strong growth in key sectors
High-tech exports continued to dominate, with computers, electrical products, and spare parts topping the list at US$1.81 billion. This category saw a stable growth rate of 0.05 percent, reflecting sustained demand. Meanwhile, machinery, equipment, tools, and instruments followed closely, generating US$2.49 billion in October with a solid growth of 6.58 percent…
Vietnam faces US countervailing duty on shrimp exports
As a result, the US will likely impose countervailing duties on shrimp imports from Vietnam, Ecuador, and India. Additionally, imports from Indonesia, deemed to be sold at less than fair value, will face antidumping duties…
Heesung expands investment in Trang Due Industrial Park by US$125 million
The project specialises in manufacturing and assembling automatic positioning liquid crystal module components, with a production capacity of 10.5 million units annually…
Vietnam’s AI in e-commerce market forecasted to reach US$ 1.74 billion by 2032
The report notes that the rapid adoption of AI technologies is reshaping the industry as businesses seek to enhance customer experiences, optimise operations, and gain a competitive edge. Vietnam’s young, tech-savvy population and the expanding digital economy have fuelled demand for innovative solutions, including personalised recommendations, chatbot-driven customer service, inventory management, and predictive analytics.
Vietnam’s clinker and cement exports soar in October, but year-to-date figures decline
Despite the strong performance in October, year-to-date figures reveal a decline. From January to October, Vietnam exported 25.21 million tonnes of clinker and cement valued at US$967.97 million. This represents a 3.9 percent drop in volume and a 14.1 percent decrease in value compared to the same period in 2023…
Transport and warehousing FDI declines sharply in October
The transport and warehousing sector remains essential to Vietnam’s FDI landscape, supporting the nation’s growing logistics needs and regional trade connections. Despite October’s decline, it’s expected that FDI in this sector will stabilise as demand for efficient logistics solutions continues to rise with Vietnam’s economic growth and expanding trade networks…
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…
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
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