Vietnam’s economy has been growing rapidly for the better part of three decades. This section broadly tracks news media coverage of Vietnam’s economic development including targets, forecasts, imports and exports, and foreign investment.

Vietnam’s Economy in 2024: A Brief Recap

the-shiv January 8, 2025

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 CPI Tracker: December Update [data set]

the-shiv January 6, 2025

Vietnam’s Consumer Price Index grew by just .13 percent in November over October. Overall CPI year-on-year remained mostly steady at 2.77 percent up down from 2.89 percent in October. Core inflation, meanwhile, was hovering at 2.77 percent over November last year.

Vietnam’s CPI rises 2.94% in December, annual average ends year below target

the-shiv January 6, 2025

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

the-shiv January 6, 2025

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 exports to Thailand reach US$643.52 million in November 2024

the-shiv January 5, 2025

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 exports to Germany in November hit US$663.96 million

the-shiv January 4, 2025

Year-to-date figures reflect a broader view, with exports to Germany totalling US$7.20 billion. This underscores Germany’s importance as one of Vietnam’s key trading partners, with significant contributions from machinery, textiles, and electronics.

How to Export Coffee from Vietnam: Ultimate Guide 2025

the-shiv January 3, 2025

Vietnam is among the world’s biggest coffee exporters. In 2022, Vietnam exported coffee to the tune of 1.78 million tons second in volume only to Brazil. This brought the burgeoning Southeast Asian nation either US$3.2 billion or US$4 billion, depending on who you ask. Either way, it’s a huge amount of coffee which is produced by a huge coffee industry in Vietnam. Here’s a brief overview as to how to go about exporting coffee from Vietnam.

How to Start an Export Business in Vietnam: Ultimate Guide 2025

the-shiv January 3, 2025

Foreign firms manufacturing in Vietnam count themselves as part of one of the fastest growing manufacturing industries in the world. In this light, there is a huge opportunity in buying and exporting Vietnam-made products around the world. This can be very profitable but there are a few nuances to the process that foreign firms looking to open a factory in Vietnam or export good from Vietnam more generally should be mindful of.

How to Start an Import Business in Vietnam: Ultimate Guide 2025

the-shiv January 2, 2025

Vietnam is in the midst of a trade boom. Goods are flowing in and out of Vietnam to the tune of billions of dollars every day. Not only is there a growing consumer market that is buying up all manner of goods but a booming manufacturing industry led my a number of big companies manufacturing in Vietnam is also sucking in raw materials from all over the world and the region to assemble at factories all over Vietnam. With this in mind, there are broad opportunities in starting an import business in Vietnam.

Reduction in Vietnam Environment Tax on jet fuel, petrol extended to end 2025

the-shiv December 30, 2024

A 50 percent cut to Vietnam’s Environment Tax on jet fuel, petrol, and grease, first implemented as a COVID-19 economic stimulus measure, will be extended to the end of next year. The tax cut was originally set to end on the first of January.

Vietnam fertility rate hits new low, possible labour shortages on horizon

the-shiv December 30, 2024

Vietnam’s fertility rate fell to 1.91 children per woman in 2024 down from 1.96 in 2023, and well-below the 2.1 replacement rate needed. This has been raised as a concern in the context of its impact on Vietnam’s labour supply.

Vietnam’s exports to Hong Kong decline in November

the-shiv December 21, 2024

Year-to-date exports to Hong Kong reached US$11.26 billion. Computers, electrical products, spare parts, and components dominated, accounting for US$611.18 million in November with a minimal decline of 0.39 percent.

Vietnam’s imports from Indonesia decline slightly in November

the-shiv December 20, 2024

Year-to-date imports from Indonesia totalled US$9.46 billion. Key imported products included coal, which saw a 4.96 percent increase month-on-month to US$216.71 million, and animal, vegetable fats and oils, which declined by 35.49 percent to US$64.43 million.

Vietnam’s exports to the Netherlands decline by 6.08 percent in November

the-shiv December 20, 2024

Year-to-date exports amounted to US$11.83 billion. Key export items included computers and electrical products (US$357.9 million, down 3.32 percent), footwear (US$157.6 million, down 9.24 percent), and coffee (US$19.6 million, up 47.57 percent).

Former Trump security advisor spruiks Vietnam-US trade potential

the-shiv December 19, 2024

Of interest, however, is that it was cited by Eric Olander of the China Global South Project in an editorial in which Olander uses O’Brien’s article to catapult into a comparison of the economic might and abilities of Vietnam versus China…

Vietnam’s exports to Thailand decline by 6.59 percent in November

the-shiv December 19, 2024

On a year-on-year basis, exports to Thailand displayed mixed trends across key product categories. “Other products” grew by 17.68 percent month-on-month, contributing US$147.8 million, while exports of petroleum products plunged by 20.93 percent. Motor vehicles saw a notable 14.50 percent decline, while computers, electrical products, and spare-parts dipped 7.41 percent to US$112.8 million.

Vietnam’s exports to South Korea decline by 7.22 percent in November

the-shiv December 18, 2024

Notably, textiles and garments dropped 46.65 percent month-on-month, while computers, electrical products, spare-parts and components rose significantly by 13.37 percent.

Vietnam’s plastic imports rise 2.1 percent in November, led by China and Taiwan

the-shiv December 18, 2024

China remained the top supplier, with imports rising 17.51 percent to US$310.97 million. Taiwan saw notable growth of 22.78 percent, while imports from the UAE surged 38.65 percent. Conversely, Saudi Arabia experienced a sharp decline of 14.03 percent, and Malaysia dropped 13.38 percent.

Vietnam’s imports from the United States grow 1.77 percent in November

the-shiv December 18, 2024

Vietnam’s imports from the United States reached US$1.27 billion in November, reflecting a month-on-month increase of 1.77 percent, according to Vietnam’s General Department of Customs. On a year-to-date basis, total imports from the US amounted to US$13.56 billion.

Vietnam’s exports to Japan decline 2.88 percent in November

the-shiv December 17, 2024

Textiles and garments remained the leading export category despite falling 7.94 percent to US$387.94 million. Other means of transportation, parts, and accessories dropped by 2.08 percent to US$276.50 million, while machinery, equipment, tools, and instruments declined 4.07 percent to US$248.23 million.