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.
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…
Vietnam’s glass and glassware exports remain steady in November
Singapore emerged as the largest market, with imports of US$50.61 million, though this marked a 7.68 percent decline month-on-month.
Vietnam’s pharmaceutical production shows steady monthly growth in November
Year-on-year, the sector recorded a slight decline of 0.81 percent in November 2024 compared to the same period in 2023. However, for the first 11 months of 2024, the pharmaceutical sector achieved cumulative growth of 8.15 percent compared to the same period last year, underlining its steady expansion over the year.
Vietnam’s exports of toys and sports equipment to the USA lead in November
The USA stood as the dominant market for Vietnam, importing US$140.74 million worth of goods, albeit with a 17.33 percent decline from October. Japan followed with imports valued at US$64.22 million, reflecting a 3.33 percent month-on-month rise.
Vietnam’s iron and steel exports fall in November
Year-to-date exports stood at US$8.55 billion, with the United States being the top market, importing US$72.9 million in November, a rise of 22.67 percent.
Vietnam’s exports to Thailand reach US$643.52 million in November 2024
Year-to-date, Vietnam’s exports to Thailand amounted to US$7.15 billion. Machinery, computers, and electronics dominate the export portfolio, with these categories leading the trade figures.
Vietnam’s rubber product exports grow slightly in November
The United States remained the leading importer, contributing US$42.48 million in November, marking an 11.37 percent increase from October.
Vietnam’s cosmetics manufacturing sees mixed performance to November
Year-on-year, however, the sector recorded a decline of 6.06 percent in November 2024 compared to the same period in 2023. Despite this, the sector achieved a cumulative growth of 10.31 percent over the first 11 months of 2024 compared to the same period last year, showcasing its long-term resilience.
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