Services & Trade
This category includes the service sector, retail, logistics, finance, e-commerce, and tourism, alongside trade policy and investment trends. It covers import/export dynamics, banking regulations, stock market movements, and infrastructure development. With increasing integration into regional and global trade, this section provides insights into consumer behavior, foreign investment, and evolving service industries.
Indian tourist arrivals in Vietnam grow by 27.03 percent in November
Year-to-date, Indian arrivals reached 655,922, reflecting a 21.4 percent growth compared to the same period last year. India continues to emerge as an important source market for Vietnam’s tourism sector, with numbers steadily increasing over the past year.
Philippine tourist arrivals in Vietnam grow by 5.59 percent in November
Year-to-date, Philippine arrivals reached 1,177,615, marking a 25.5 percent growth compared to the same period in 2023. The Philippines remains a key Southeast Asian market for Vietnam, reflecting strong regional travel recovery post-pandemic.
Chinese tourist arrivals in Vietnam grow by 11.11 percent in November
Year-to-date, Chinese tourist arrivals reached 3,350,265, reflecting a 68 percent growth compared to the same period last year. This positions China as one of Vietnam’s top tourism markets, contributing significantly to the recovery of the sector.
Korean tourist arrivals in Vietnam rise by 8.75 percent in November
Year-to-date, Korean arrivals reached 4,133,872, representing a 26 percent year-on-year growth. This reaffirms Korea’s position as one of Vietnam’s most significant tourism markets.
African tourist arrivals in Vietnam rise by 3.06 percent in November
Year-to-date, African arrivals reached 47,015, reflecting a significant 33.7 percent growth compared to the same period last year. The growth highlights Vietnam’s growing appeal to travellers from the African continent, supported by increasing connectivity and targeted tourism promotion.
Tourist from Oceania to Vietnam grow by 7.35 percent in November
Australia led the way with 44,039 arrivals in November, up by 9.03 percent from October, while New Zealand contributed 4,162 tourists, marking a slight decline of 8.22 percent. Other Oceania countries added 140 visitors, an increase of 35.92 percent.
Vietnam sees strong growth in accommodation and food services FDI in November
Year-to-date (YTD), the sector has attracted a total of 36 new projects with US$101 million in newly registered capital, reflecting strong growth in this area.
European tourist arrivals in Vietnam grow by 27.49 percent in November
Year-to-date, European arrivals totalled 1,782,578, representing a 23.6 percent growth compared to the same period last year. Among key contributors, France led with 33,027 visitors in November, a 44.16 percent increase from October.
Tourist arrivals from Americas in Vietnam increase by 24.8 percent in November
Year-to-date, tourist arrivals from the Americas reached 907,902, reflecting a 19.6 percent growth compared to the same period last year. The United States led the region with 69,237 arrivals in November, an 18.92 percent increase from October…
Asian tourist arrivals in Vietnam grow by 19.85 percent in November
Year-to-date, Asian arrivals totalled 12,614,542, reflecting a 43.3 percent year-on-year increase. Among the top contributors, China led with 339,399 arrivals in November, up 11.11 percent…
Vietnam tourist arrivals see a 20.54 percent month on month growth in November
Vietnam welcomed 1,711,512 international tourists in November, representing a month-on-month increase of 291,679 visitors or 20.54 percent, according to Vietnam’s General Department of Tourism. Year-to-date, the country has recorded 15,836,661 arrivals, marking a year-on-year increase of 38.8 percent. Asian visitors dominated the figures, contributing 1,357,769 arrivals in November, up by
Vietnam C.bank readying itself to resume Forex sales: Local media
Of note, CafeF has reported, citing ‘sources’, that the SBV has advised some local banks that it intends to resume selling foreign currency. This has also been reported by Vietnam Securities Economic Magazine which has noted the intervention price has been set at 25,450–Vietcombank, among Vietnam’s biggest foreign currency traders, was selling US dollars yesterday for 25,475…
Vietnam retail sales for travel and tourism decline
Year-to-date, retail sales in this sector amounted to VND 44.01 trillion, or US$2 billion. While the overall performance remains steady, the October drop highlights challenges in maintaining growth momentum in travel and tourism services.
Vietnam retail sales for accommodation and food services decline
In September, sales in this sector were VND 62.45 trillion, equivalent to US$2.46 billion. By October, the figure had declined to VND 59.87 trillion, or US$2.36 billion, marking a month-on-month drop of 4.13 percent.
Vietnam real estate developer Novaland drops PWC as tax agent
Of note, in September, Novaland recorded its worst half year on record after audited financial reports found huge discrepancies from what was earlier reported by the company. Specifically, the company’s own financial statements reported a profit of VND 3.5 trillion or US$142.2 million, however, an audit found the company had actually made a loss of VND 7.3 trillion or US$296.6 million. This the company largely blamed on its auditors being overly cautious…
Vietnam accommodation and food services FDI sees dip in newly registered capital in October
Despite the fluctuations, the accommodation and food services sector continues to attract interest, driven by Vietnam’s expanding tourism industry and growing demand for hospitality services. It’s expected that FDI levels will continue to grow, as Vietnam’s hospitality sector remains a key component of its economic and tourism growth trajectory.
Vietnam’s CPI for culture, entertainment, and tourism shows moderate annual increase
Year-to-date, the CPI for culture, entertainment, and tourism rose by 1.91 percent from January to October 2024 compared to the same period in 2023. This steady growth is likely supported by rising consumer interest in leisure activities and tourism within Vietnam.
Vietnam holds position on US currency manipulation watchlist in November report
Vietnam has met two of three of the US Treasury’s currency manipulator criteria. Specifically it has a material current account surplus greater than 3 percent of its GDP (5 percent in the 12 months ended June 30) and a bilateral trade surplus with the US in excess of US$15 billion (US$111.7 billion in the 12 months ended June 30)…
October outcomes mixed for Vietnam’s stock exchanges
As of late October, 725 stocks and fund certificates were listed on Vietnam’s main exchanges, the Ho Chi Minh Stock Exchange (HoSE) and Hanoi Stock Exchange (HNX), while 885 stocks were registered on the Unlisted Public Companies (UPCoM) platform…
US dollar exchange rate reaches new high against Vietnam’s dong
Dan Tri has contextualised this with black market prices. On the unofficial market US dollars were being bought for VND 25,570 and sold for VND 25,670, according to the publication…
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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