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 processing and manufacturing industry shows strong annual growth
Year-on-year, the industry expanded by 10.2 percent in December 2024 compared to the same month in 2023. Over the full year of 2024, cumulative growth reached 9.6 percent compared to 2023, underlining the strong performance of this key sector.
Taiwan sees decline in foreign direct investment in Vietnam in December
In 2024, Taiwan invested in 187 new projects with US$2.08 billion in newly registered capital.
Vietnam News Roundup: January 2 to January 9
This week’s Vietnam news roundup covers the latest State Bank open market operations, VinHomes latest credit rating from Fitch, 2024 economic data from the General Office of Statistics, and more…
Vietnam Business Climate Index records unusual jump in Q4
The European Chamber of Commerce in Vietnam’s Business Confidence Index for the fourth quarter of 2024 has recorded a jump of 15.5 points over the third quarter of the year. It should be noted, however, that the number of respondents was well below average for the year and given the time of year the results may be skewed.
Vietnam’s non-alcoholic beverages, mineral water production shows steady December growth
Year-on-year, the sector recorded a modest growth of 1.7 percent in December compared to the same month in 2023. For the entire year of 2024, cumulative growth reached 3.7 percent compared to 2023, reflecting steady progress in the industry.
Vietnam’s wood processing sector shows robust annual growth
Year-on-year, the sector grew by 13.3 percent in December compared to December 2023. For the entire year of 2024, cumulative growth reached 8.5 percent compared to 2023, indicating strong performance throughout the year.
Bolt Ride hailing app has started recruiting drivers in Vietnam
With an arguably saturated market it will be interesting to see how easily, if at all, Bolt can gain traction.
Estimated 15 percent increase in Vietnam credit growth in 2024
This is interesting in that credit growth limits were first introduced just over a decade ago to try to keep bank lending and by extension inflation under control, essentially acknowledging that the more money people have to spend the higher inflation will climb. This reality hasn’t changed, however, the connection between inflation and credit growth in Vietnam has, with the former going down this year while the latter has risen.
Vietnam’s education and training sector sees strong growth December FDI
In 2024, the sector attracted a total of 38 new projects with US$39.6 million in newly registered capital…
USA sees slight growth in foreign direct investment in Vietnam in December
In 2024, the USA invested in 111 new projects with US$287.25 million in newly registered capital…
Korea sees significant growth in foreign direct investment in Vietnam in December
Year-to-date, Korea has invested in 410 new projects with US$7.06 billion in newly registered capital, showing an extraordinary growth of 842 percent compared to the previous year.
Thailand sees stable foreign direct investment into Vietnam in December
In 2024, Thailand invested in 28 new projects with US$225.24 million in newly registered capital.
Vietnam’s electrical equipment production sees steady 2024 growth
Year-on-year, the sector posted a modest growth of 1.3 percent in December 2024 compared to December 2023. For the full year of 2024, cumulative growth reached 7.3 percent compared to 2023, reflecting solid overall annual performance despite the year-end dip.
Vietnam’s Economy in 2024: A Brief Recap
Vietnam had a bumper year in 2024 based on GDP figures alone. Released on Monday, data from the General Office of Statistics, found that the economy had increased in size by 7.09 percent, a significant jump from the 5.05 percent it recorded in 2023. But that’s not to say Vietnam is on a sure footing heading into 2025 (it actually looks more to the contrary) or that everyone was a winner…
Vietnam’s wood, bamboo, and rattan production show steady annual growth
Year-on-year, the sector grew by 11.1 percent in December compared to December 2023. For the full year of 2024, cumulative growth stood at 9.7 percent compared to 2023, reflecting consistent progress throughout the year.
Vietnam FDI tally for 2024 comes in at 38.2 billion
The increase in FDI is driven by multiple sectors, especially manufacturing and processing, and real estate business activities. These sectors continue to be dominant in attracting investment, showcasing Vietnam’s appeal to foreign investors.
Vietnam’s food and food services CPI shows steady growth in December 2024
Year-on-year, the CPI for food and food services increased by 3.87 percent in December 2024 compared to December 2023. For the full year of 2024, the CPI rose by 4.03 percent compared to 2023, showcasing a controlled inflation environment.
Vietnam’s industrial production index records strong finish in 2024
The consistent growth reflects heightened production activity across key sectors such as manufacturing and energy. December’s month-on-month rise likely signals intensified efforts to meet increasing demand with the lunar new year break to begin at the end of January.
Vietnam’s CPI rises 2.94% in December, annual average ends year below target
This rise was attributed to adjustments in medical service prices, higher rental housing prices, and increased gasoline prices. Despite the December surge, the average CPI for 2024 rose by only 3.63 percent compared to 2023, staying below the National Assembly’s target.
Vietnam fourth quarter GDP growth comes in at 7.55 percent
This marks the highest fourth-quarter growth since 2018, continuing a quarterly upward trend throughout the year with growth of 5.98 percent in Q1, 7.25 percent in Q2, and 7.43 percent in Q3…
In today’s Vietnam news: Crypto transfers to VN not necessary, Novaland bond changes, Perspectives on garment industry, Working hours cut proposed, Adding political component
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
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