Author: the-shiv
Vietnam finance ministry proposes extending cut to green tax on fuel
Of note, Vietnam was ranked 180 out of 180 countries in Yale University’s Environmental Performance Index 2024 back in August. Vietnam scored 24.5 points out of 100 with Estonia taking out first place with a score of 75.3.
Vietnam education ministry looks for support tackling corruption in textbooks
This stems from reports back in September that the head of Vietnam’s Education Publishing House which handles the production and distribution of textbooks was taking kickback from paper suppliers…
Vietnam electronics imports take a dip month on month in September
China remains Vietnam’s largest source of electronics, with imports valued at US$3.11 billion in September. However, this represents a 5.28 percent drop from August, reflecting a possible shift or seasonal adjustment in import volumes…
Vietnam’s aquatic products processing climbs 3.6 percent in September
The year-over-year figures also show strong growth–compared to September 2023, production has surged by 19.7 percent, indicating rising domestic consumption and robust export demand for Vietnam’s processed seafood.
Vietnam electronics production increases 6.8 percent September over August
Electronic components manufacturing, specifically, experienced a 2.7 percent month-on-month increase and a significant 12.4 percent jump year-over-year, with a robust 10.5 percent growth year-to-date…
Vietnam seafood imports fall 18 percent September over August
Of note, Indonesia was Vietnam’s largest supplier in September, with imports amounting to US$30.72 million, a 15.56 percent increase from August. The YTD total is US$218.91 million.
Thai petrochemical complex in Vietnam to halt operations on market downturn
This development is made all the more pertinent in that it has cost a reported US$5 billion. Although notably its construction has run well behind schedule. Notably it was reported it was “ready to roll” back in August of 2022, however, this never materialised…
South Korea’s SK Group no longer major stakeholder in Vietnam’s Masan
Of note, in 2018, SK group bought 109.9 million shares in Masan Group for VND 100,000 or US$4.29 per share for a total of just over US$470 million. When it announced that it would be divesting, shares in Masan, which trades under the ticker MSN, were trading at about VND 76,200 or US$2.99 valuing the company’s holding at about US$328.6 million…
Vietnam Purchasing Managers’ Index jumps in October
The S&P Global Vietnam Manufacturing Purchasing Managers’ Index reached 51.2 in October up from 47.3 in September, according to a press release from S&P. Above the 50 point break-even mark, this would indicate the manufacturing industry is expanding once more after a sharp fall in September…
Vietnam coal imports see big fall in September
Of note, Indonesia and Australia were the primary coal suppliers. Imports from Indonesia rose 21.79 percent in volume to 1,843,809 tons, with a value increase of 12.22 percent to US$150.73 million. However, imports from Australia sharply declined by 48.78 percent to 968,088 tons in September, with a value drop of 52.47 percent.
Vietnam domestic apparel prices hold steady in September
From January to September 2024, prices rose by 1.48 percent compared to the same period last year, indicating only mild inflation. Monthly figures show only a .15 percent increase in September over August 2024, and over December 2023 of 0.58 percent.
Vietnam retail market projected to grow by US$226.4 billion by 2028
One of the primary drivers is the rising demand for convenience food products. As more Vietnamese adopt urban lifestyles and increasingly busy schedules, convenience foods have become a popular choice, catering to the need for fast and easy meal options…
Vietnam’s pharmaceutical production increase 1 point on Industrial Production Index
Compared to the same period last year, the pharmaceutical sector posted an impressive 15.4 percent increase, highlighting robust year-on-year growth driven by rising demand for medical products. For the first nine months of 2024, production in this category grew by 10.6 percent over the same period in 2023. This sustained growth reflects Vietnam’s efforts to expand its domestic pharmaceutical production capabilities.
Vietnam sees 34 percent drop in new units added to housing supply in Q3
This comes after a challenging year for the real estate and construction industries which have been struggling following on from a number of high-profile arrests in the industry for fraud back in 2022. Though there has been some speculation that the industry is on the path to recovery, these numbers suggest there may be a way to go yet…
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Cosmetics production falls in September per key Vietnam production index
That said, from January to September 2024, the sector posted a 15.1 percent growth, highlighting sustained demand for these products throughout the year. The strong year-to-date performance reflects the growing importance of Vietnam’s cosmetics and personal care market, driven by increasing consumer spending and rising interest in beauty and hygiene products across the country. Despite short-term fluctuations, the long-term outlook for the sector looks to remain positive…
Vietnam, UAE to cut most import tariffs under new trade deal
Vietnam’s network of Free Trade Agreements–FTAs–has become a cornerstone of its economic strategy, enabling the country to integrate more deeply into the global economy and expand its trade partnerships. Over the past few decades, Vietnam has signed numerous bilateral and multilateral FTAs, positioning itself as a key player in regional and international trade…
Australia’s Commonwealth Bank off-loads another 10 percent of Vietnam’s VIB
This comes after it was announced back in June that the Australian bank would be divesting from the company which VIB’s board of directors reportedly only learned about after the State Bank of Vietnam approved the move. The Commonwealth Bank held a 20 percent stake in the bank at the time.
Vietnam garment manufacturing declines in September over August: IIP
The index also found that the ready-made garments (excluding apparel) category, conversely, recorded modest growth of 0.5 percent in September with a year-on-year rise of 12 percent…
Vietnam seafood products across the board see sharp falls in September
Of note, Typhoon Yagi wreaked havoc on northern Vietnam in September and waylaid a large portion of Vietnam’s fishing industry for up to several weeks for some firms…
FDI in Vietnam’s construction sector jumps September over August
Year-to-date, the construction sector has secured 40 new projects with a cumulative registered capital of US$586.7 million, indicating steady interest in Vietnam’s construction industry. For the year-to-date, the average investment per project stands at around US$14.7 million…
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