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Category: Vietnam Industry News

Industry is the cornerstone of most economies around the world. In Vietnam industry has grown rapidly and continues to grow at an exponential pace. This is inline with rising wages that are driving demand for all manner of goods.

This section covers industries including: aviation, manufacturing, and real estate.

Vietnam’s toy and game production falls in 2024

Year-on-year, the sector contracted by 6.8 percent in December 2024 compared to December 2023. For the full year, cumulative production decreased by 1.6 percent in 2024 compared to 2023, highlighting ongoing challenges in this industry.

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Vietnam’s fertilizer imports decline by 20.83 percent in December

China remained the largest supplier, contributing US$66.53 million, though this was a 21.87 percent decrease from November. South Korea and Malaysia recorded sharp increases, with imports surging by 239.70 percent and 515.07 percent, respectively. Japan and Norway also showed growth, with increases of 14.22 percent and 26.66 percent, respectively.

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Vietnam’s Novaland delays interest repayment on US$300 million SGX bond lot

Vietnam’s embattled real estate developer Novaland has advised investors via a disclosure to the Singapore Stock Exchange (SGX) that a bond interest repayment due January 16 will not proceed as scheduled. The firm has said it has insufficient resources to make the repayment because “… the progress in resolving the legal obstacles for real estate projects has not proceeded as planned, substantially affecting cash collection of the company…”

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Vietnam’s chemical imports rise by 10.45 percent in December

China remained the largest supplier, exporting US$308.37 million worth of chemicals, a month-on-month growth of 10.00 percent. Taiwan followed with US$61.32 million, rising 9.86 percent. Significant growth was also observed from Japan, with imports increasing by 32.67 percent to US$49.22 million, and South Korea, which rose by 24.13 percent to US$45.82 million.

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Vietnam’s telephone and mobile phone imports rise slightly in December 2024

China remained the dominant supplier, exporting US$854.06 million in December, up 0.31 percent from November. South Korea registered significant growth with a 29.72 percent increase, reaching US$45.20 million. Imports from India more than doubled, surging 152.36 percent to US$1.06 million, while the UK showed the highest growth rate with a 192.10 percent rise to US$842,452.

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