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 e-commerce sales reach US$3.3 billion third quarter: report
Notably, affordable products priced under VND 200,000, about US$8, made up over half of the online sales, and official stores, despite being only five percent of the total, contributed nearly a third of the overall revenue, reflecting a preference for authentic, high-quality items…
Gaming venues slated for more surprise inspections in southern Vietnam province
Of note, gambling in Vietnam is illegal but that doesn’t stop a sizable amount of betting occurring. Recognising that this might be a problem, or perhaps that Vietnam is missing out on millions of dollars worth of tax revenue, there have been recent moves to try to legalise the practice…
Vietnam pharmaceutical product imports up 6.95 percent in September over August
Belgium, with an 8.50 percent increase, and Switzerland, with a 32.64 percent increase, both showed steady growth, contributing US$23,789,578 and US$11,205,095 in September, respectively. Alternatively, Japan saw a significant spike in imports, with an 186.40 percent increase, though from a relatively low base. Japan’s total for the year so far now stands at US$52,869,822.
Vietnam News Roundup: October 18 to October 24
This week’s Vietnam news roundup covers the latest State Bank open market operations, import-export news, stock market developments including foreign investor trading activity, the most recent IMF GDP growth figures, the new rooftop solar decree, and more…
US DOC make final determination on frozen warmwater shrimp from Vietnam, others
The DOC’s preliminary determination for Vietnam, notes that ‘one or more respondents did not act to the best of their ability to respond to Commerce’s requests for information’. There being only two firms investigated from Vietnam, and given that the second Soc Trang Seafood Joint Stock Company, the other firm, received its own subsidy rate of 2.84 percent, it appears that the aforementioned statement explains Thong Thuan’s much higher subsidy rate…
Vietnam bank lending out pacing deposits creating ‘significant’ liquidity pressure
The Founder of Integrated Financial Solutions, banking consultant Le Hoai An, has told the Vietnam Investment Review that bank lending outstripping new deposits by about 3.7 percent is putting liquidity pressure on Vietnam’s banks. He also notes that a fall in business bank deposits suggests businesses are becoming more heavily reliant on capital from banks…
Vietnam’s steel exports fall 20.64 percent September over August
Vietnam’s steel exports fell 20.64 percent in value in September over August, according to data from Vietnam’s General Department of Customs. By the ton, they were also down 20.76 percent…
IMF Vietnam GDP growth forecast goes up for 2024 but down for 2025
The International Monetary Fund, in its October World Economic Outlook, has raised its growth forecast for Vietnam for this year to 6.1 percent up from 5.8 percent in its April report. It has, however, lowered its forecast for next year from 6.5 to 6.1 percent…
Vietnam ceramics exports fall 13.1 percent in September over August
Of note, Taiwan experienced the largest drop, with exports decreasing by 32.51 percent month-on-month to US$4.91 million. Despite this, Taiwan’s year-to-date value remained significant at US$54.77 million…
New Vietnam rooftop solar development Decree finally issued
Originally the Ministry of Industry and Trade had been pushing for no feed-in tariffs on rooftop solar, however, at the request of the government, it reluctantly agreed to have feed-in tariffs but limited to just ten percent of the installation’s capacity. This was then raised to 20 percent at the request of Vietnam’s Deputy Prime Minister Tran Hong Ha…
Vietnam electronics exports fall 5.8 percent September over August
Of note, the USA remains Vietnam’s largest market, although exports to the USA dropped by 21.52 percent in September compared to August. This sharp decline brought the YTD total to around US$17.32 billion. China, on the other hand, saw a significant 24.81 percent increase in exports, amounting to US$1.24 billion in September, contributing to a YTD total of approximately US$9.1 billion…
It’s Time to Talk About Vietnam’s Credit Growth Policy…
A credit growth limit policy put in place to keep inflation in Vietnam in check back in 2010 was last year, after uncharacteristically low credit growth, reframed as a credit growth target. Banks, subsequently, have been pushed to issue more loans than they otherwise might have, which could have broad economic implications…
Vietnam non-wood furniture exports fall 4.6 percent September over August
Vietnam’s non-wood furniture exports fell by 4.6 percent in September over August from US$279 million to US$266.4 million. This has brought Vietnam’s total non-wood furniture exports to a total US$2.39 billion year-to-date. This represented an increase of 32.8 percent over the same period last year…
Vietnam gains four places on Economic Freedom index but overall score falls
The country saw progress in monetary stability, with its “Sound Money” ranking improving from 116th to 105th, and also made strides in regulatory policies, moving from 103rd to 99th in the “Regulation” category. However, Vietnam experienced setbacks in the “Size of Government,” where its ranking dropped significantly from 87th to 106th, indicating increased government intervention…
Vietnam seafood exports fall 6.23 percent September over August
Of note, China saw a 9.59 percent increase in seafood exports for September, reaching US$197.32 million, with year-to-date exports totaling US$1.21 billion.
In contrast, exports to the USA dropped by 13.77 percent, amounting to US$171.41 million for the month, and year-to-date exports reached US$1.33 billion…
Vietnam beverage maker to pay US$860K for North Korea sanctions breach
The use of US dollars and involvement of US financial institutions led to violations of the North Korea Sanctions Regulations by causing U.S. financial institutions to export financial services to North Korea in violation of U.S. sanctions laws…
Vietnam dairy imports fall 21 percent September over August
Of note, New Zealand, the largest supplier, saw an 18.78 percent decrease in imports, with US$19.97 million recorded in September. The USA also experienced a steep decline, with a 33.50 percent drop in imports, amounting to US$7.98 million…
Vietnam’s banks have lent more than they hold in deposits: State Bank
Bank loans now exceed deposits VND 14.7 quadrillion to VND 14.5 quadrillion, Dao went on to say. Of note, this would give Vietnam’s banks a collective loan deposit ratio of 101.38 percent with anything over 80 percent generally considered ‘risky’…
New electricity tariffs for business in Vietnam from October 11, 2024 [table “” not found /]
The average retail price of electricity has been set at VND 2,103.1159 per kWh, excluding value-added tax (VAT). This price structure, detailed in an appendix to the decision, applies to both users and retailers and does not include VAT…
Malaysia launches trade investigation into steel bars from Vietnam, others
Of note, this is the second anti dumping probe into steel bars launched this week with Australia announcing a similar investigation. This is in line with a growing number of antidumping and circumvention investigations on steel products exported from Vietnam…
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