Manufacturing & Industry
This category focuses on industrial production, from electronics and textiles to automotive and heavy industry. It covers FDI trends, supply chain developments, factory expansions, and government regulations shaping the industrial landscape. As a key driver of economic growth, manufacturing plays a crucial role in global supply chains, technological advancements, and industrial competitiveness.
Vietnam’s gold bar supply to increase but no word on more imports
The Deputy Governor of the State Bank of Vietnam, Pham Thanh Ha, has said that the central bank will increase the gold bar supply, VN Express is reporting. This is after instructions from the Prime Minister to bring the local price of gold, currently about 15 percent higher than the
Maybank Securities forecasts Vietnam GDP growth of 5.8 percent in 2024
The local arm of Malaysia’s Maybank, is predicting GDP growth for Vietnam of 5.8 percent in 2023, The Investor is reporting. The financial firm says that pressure on the dong is coming from the local gold price being out of step with the world gold price and that this should
ADB forecasts GDP growth for Vietnam in 2024 highest in SEA
The Asian Development Bank is forecasting GDP growth this year of 6 percent for Vietnam, the equal highest with the Philippines in Southeast Asia. Full report: Asian Development Outlook April 2024 GDP Growth Southeast Asia, ADB April 2024 2022 2023 2024 2025 Southeast Asia 5.7 4.1 4.6 4.7 Brunei Darussalam
No feed-in-tariffs for rooftop solar projects in Vietnam?
Tuoi Tre is reporting that the latest report from the Ministry of Industry and Trade says that rooftop solar projects that feed excess power to the grid will not receive a feed in tariff. Zing News on the other hand, earlier this week, said that the MoIT was looking at
Netflix told to remove its video games from app stores in Vietnam
Vietnam’s Ministry of Communication–the MIC–has told Netflix it will need to stop advertising its video games on its platform and will need to remove them from the Apple App store and Google Play store by April 15, according to a statement on its website. It is says that Netflix has
Vietnam News Roundup: April 5 to April 11
This week’s Vietnam news roundup covers the latest FTSE Russell HoSE review, credit growth developments, and import-export news. Aviation news Vietnam aviators to be short up to 26 jets over summer: CAAV The Civil Aviation Authority of Vietnam–the CAAV–is forecasting that Vietnamese airlines could be short up to 26 jets
Vietnam’s Imports and Exports, March 2024: Snapshot
Vietnam’s General Department of Customs has released import-export data for March of 2024. Here’s what it has found. Vietnam imports by item, March 2024 March MOM % 2024 YOY % Computers, electrical products, spare-parts and components thereof 8,406,551,184 18.7 24,042,310,269 24.1 Machine, equipment, tools and instruments 3,758,610,687 45.5 10,344,804,723 12.5
AMRO report finds Vietnam GDP likely to grow at 6 percent in 2024
The ASEAN Macroeconomic Research Office has released its Annual Consultation Report Vietnam – 2023 which forecasts a GDP growth rate of 6 percent this year. Other key takeaways from the report include: The expansion is predicted to be off the back of increased exports and increased foreign direct investment; Risks
Vietnam’s MoIT backflips on removal of feed-in tariffs for rooftop solar
In December, Vietnam’s Ministry of Industry and Trade–the MoIT–circulated a dossier that suggested a draft decree on rooftop solar should have no feed-in-tariffs. However, it has now been reported by Zing News that there has been a reversal of this position with a ‘time-based’ price suggested though it’s not made
Vietnam misses latest FTSE Russel stock market upgrade deadline
FTSE Russel has released its March country classification upgrade update with Vietnam holding its position on the firm’s watch list. The assessment is more or less the same as its September assessment with no key changes made to the operation of Vietnam’s stock trading ecosystem in the last six months.
Vietnam gold prices jump up on ‘impatient’ buyers
Recent record high gold prices in Vietnam have in part been caused by ‘impatient’ buyers, Tuoi Tre is reporting. A number of buyers were waiting for the gold price to go down but as it reached record highs they gave up waiting and bought into the market anyway pushing the
Vietnam gold stores are running out of gold
Gold stores have been applying limits to how much gold a single customer can buy on the back of higher processes and lower supplies–some have even run out of gold entirely, according to VN Express. The arrest of a local gold smuggler made national news last week which was likely
Vietnam secures funding for two LNG plants but start date uncertain
Yesterday there was an article in VN Express that said Vietnam would have LNG power by April 15. Today, however, The Investor is reporting that PetroVietnam Power has secured short-term funding for the two plants which are expected to go online November 15 this year and May 15 next year.
Vietnam consumer finance firms record broad business downturn
The consumer finance market in Vietnam has taken a dive with most of the big players recording losses or sharp falls in profits in 2023, Doanh Nhan Vietnam is reporting. Outstanding debt to the sector, according to Nguyen Quoc Hung, General Secretary of the Vietnam Banking Association, is down VND
Electricity shortages on the cards for northern Vietnam this summer
Northern Vietnam’s electricity consumption could increase by as much as 17 percent this summer, however, the supply of electricity is slated to have added only 10 percent, VN Express is reporting Last year, power shortages cost Vietnam an estimated US$1 billion.
Business confidence in Vietnam improves in Q1 2024: Eurocham
Eurocham and Decision Lab have released their quarterly business climate index for Q1 which has found a slight increase in business confidence. The index recorded a score of 52.8 up from 46.3 but still well below the all-time high of 86 recorded in 2016. Of note, new in this report
Vietnam’s Airline Industry Turbulence: Unpacked
When Vietnam’s Bamboo Airways first took to the skies in January of 2019, everything was looking up for Vietnam’s airline industry–not only was international tourism flourishing but rising incomes among middle-class Vietnamese were fueling a boom in domestic tourism as well. In fact, the route between Hanoi and Ho Chi
Credit growth in Vietnam just 1 percent for first quarter 2024
Vietnam’s credit growth for the first quarter of 2024 was just 1 percent, according to Deputy Governor of the State Bank, Dao Minh Tu, and reported by VN Express. This is a far cry from where it was at the same time last year–2.56 percent–and does not bode well for
Vietnam gold ring prices hit record high
Gold rings were selling in Vietnam for more than VND 73 million per tael on Friday which was a record high, according to VN Express. Of note, this would make the price per troy ounce US$2,196.07. The world gold prices as of Saturday morning was US$2,329.93 per troy ounce–this would
Vietnam aviators to be short up to 26 jets over summer: CAAV
The Civil Aviation Authority of Vietnam–the CAAV–is forecasting that Vietnamese airlines could be short up to 26 jets over the summer, VN Express is reporting. This is on the back of maintenance issues with some jet engines. This is impacting airlines all around the world which are scrambling to secure
In today’s Vietnam news: Fuel prices cut, Double-digit growth target reinforced, New airport services delay approval requested, TikTok VN investment, Bybit in Vietnam, LG
In today’s Vietnam news: VN renews antidumping tariffs on Thai sugar, Power supply challenges continue, USTR tariffs forced labour, AMRO growth forecast downgrade, Foreign
In today’s Vietnam news: Fund outflows May, New HCMC airport trial operations to begin September, M&A HCMC 2026, Compensation for gas-to-electric bike switch Hanoi,
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