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 News Roundup: January 10 to January 16
This week’s Vietnam news roundup covers the latest State Bank open market operations, car sales data, nuclear power targets, foreign trading activity on the Ho Chi Minh City Stock Exchange, and more…
Vietnam’s transport and warehouse sector sees FDI decline in December
In 2024, the sector attracted a total of 115 new projects with US$487.79 million in newly registered capital.
Vietnam’s concrete and cement products sector grows month-on-month despite challenges
Year-on-year, the sector saw a significant decline of 24.6 percent in December 2024 compared to December 2023. However, cumulative production for the full year of 2024 grew by 2.3 percent compared to 2023, highlighting steady annual growth despite notable challenges.
China sees jump in foreign direct investment in Vietnam in December
In 2024, Chinese firms invested in 955 new projects with US$4.73 billion in newly registered capital…
Vietnam’s food processing and manufacturing sees consistent growth
Year-on-year, the industry grew by 10.0 percent in December compared to the same month in 2023. For the full year of 2024, cumulative growth stood at 7.4 percent compared to 2023, highlighting steady progress in this vital sector.
France sees decline in foreign direct investment in Vietnam in December
In 2024, French firms invested in 29 new projects with US$52.52 million in newly registered capital…
Vietnam’s footwear exports fall 2.11 percent in December
Vietnam’s footwear exports total US$22.87 billion for 2024, reflecting strong demand despite the month-on-month decline.
Vietnam’s toys and sports requisites exports rise by 2.66 percent in December
Vietnam’s toys and sports requisites exports total US$3.76 billion for 2024, demonstrating strong global demand despite minor fluctuations.
Vietnam’s LPG imports decline by 24.83 percent in December
The “Other” category remained stable, with imports rising slightly by 0.24 percent to US$56.16 million. China recorded a significant increase, with imports rising 22.71 percent to US$19.98 million. Malaysia also posted strong growth, with imports increasing by 53.33 percent to US$14.60 million.
PM sets 5-year time frame on nuclear power plant construction in Vietnam
Of note, according to the International Atomic Energy Agency it can take as little as five years, but also as many as 12, to build a nuclear power plant from when the first cement is poured. That said, there can also be a few years of planning that goes into the process before that.
Vietnam’s plastic imports surge to US$1.12 billion in December 2024
China remained the top supplier, exporting US$331.75 million in December, up 6.68 percent month-on-month. South Korea followed with US$191.84 million, a 7.59 percent rise, while Taiwan recorded a slight decline of 1.27 percent, with imports totalling US$111.41 million.
Vietnam’s motorcycle manufacturing posts strong growth in December 2024
Year-on-year, the sector achieved a growth of 26.7 percent in December 2024 compared to December 2023. For the full year of 2024, cumulative growth stood at 4.7 percent compared to 2023, reflecting moderate progress for the year with significant gains toward the year-end.
Vietnam education prices fall in December 2024
Despite this end-of-year dip, education costs rose significantly by 5.37 percent for the whole year compared to 2023, reflecting adjustments in tuition fees, school supplies, and education-related services.
Vietnam’s financial, banking, and insurance sector sees December FDI fall
In 2024, the sector attracted a total of 6 new projects with US$123.59 million in newly registered capital…
Vietnam’s fishery products exports decline by 4.97 percent in December
Vietnam’s exports of fishery products total US$10.04 billion for 2024, reflecting a strong performance despite the month-on-month decline…
Vietnam’s textiles and garments exports rise by 10.98 percent in December
Vietnam’s textiles and garments exports total US$37.04 billion for 2024, reflecting strong performance driven by key markets such as the USA and South Korea.
Vietnam’s aquatic product processing sees strong growth in December
Year-on-year, the industry experienced robust growth of 14.2 percent in December compared to the same month in 2023. For the full year of 2024, cumulative growth reached 9.2 percent compared to 2023, reflecting steady progress in this crucial sector.
Vietnam’s imports of still image, video cameras, and parts rise by 9.66 percent in December
China remained the largest supplier, contributing US$104.49 million, a 3.41 percent increase from the previous month. Taiwan followed with US$48.46 million, growing by 5.63 percent. Imports from Japan and the USA showed notable increases of 14.23 percent and 3.26 percent, respectively.
Vietnam’s iron and steel production estimated to reach 21.74 million tons in 2024
In November 2024, the country produced 1.71 million tons of iron and steel, showing stable output despite a slight increase in December.
Vietnam’s iron and steel imports hit US$1.08 billion in December
China remained the largest supplier, contributing US$568.42 million, a 3.19 percent rise from November. Japan recorded the most significant monthly growth among major suppliers, surging by 24.57 percent to US$168.35 million. Imports from South Korea also rose by 9.51 percent to US$152.13 million.
In today’s Vietnam news: GS TL on AI, Saigon Economic Times last issue, Fuel prices cut, Vinhomes issuing more bonds, Counterfeit Korean cosmetics store,
In today’s Vietnam news: Power supply imports, Hanoi boulevard project protests, Antidumping duties coming for boxes, Maersk container terminal project Hanoi, Vinpearl foreign investment,
In today’s Vietnam news: Credit limits removed for some major projects, Estonian web security company market entry, Vingroup’s Vuong becomes major shareholder LP Bank,
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