Vietnam news in English for foreign firms doing business in Vietnam

China was the leading supplier, contributing US$103.22 million, a 20.92 percent increase from November. Thailand followed with US$62.45 million, growing by 34.40 percent. Malaysia recorded the largest month-on-month growth, with imports surging by 114.73 percent to US$21.04 million. Japan also saw significant growth, rising 67.45 percent to US$3.49 million.

Vietnam’s aluminum production estimated to reach 1.52 million tons in 2024

the-shiv January 14, 2025

In November 2024, the country produced 125,800 tons of aluminum, showing consistent output despite a slight increase in December.

Italian tourist arrivals to Vietnam drop by 23.34 percent in December despite strong annual growth

the-shiv January 14, 2025

Italian visitors typically enjoy cultural and culinary experiences, with a focus on authentic Vietnamese food, historical landmarks, and immersive tours. Many also participate in eco-tourism activities, such as trekking and exploring rural villages, making Vietnam a favoured destination for adventure and cultural exploration.

Building An International Financial Centre in Vietnam: Unpacked

Mark Barnes January 14, 2025

At the end of December, the Government of Vietnam passed Resolution No 259/NQ-CP approving a plan to create regional and international financial centres in Danang and Ho Chi Minh City. Whereas the plan puts the emphasis on location this article looks at the regulatory issues holding this project back.

India sees decline in foreign direct investment in Vietnam in December

the-shiv January 14, 2025

In 2024, India invested in 48 new projects with US$86.69 million in newly registered capital.

Vietnam’s paper and paper products production sees consistent 2024 growth

the-shiv January 14, 2025

Year-on-year, the sector grew by 9.7 percent in December 2024 compared to December 2023. For the full year, cumulative growth stood at 9.5 percent in 2024 compared to 2023, reflecting consistent progress in this essential industry.

Vietnam’s fabric imports rise to US$1.33 billion in December

the-shiv January 14, 2025

Year-to-date imports totalled US$14.91 billion. China continued to dominate as the top supplier with US$884.41 million in imports, growing by 2.12 percent. South Korea followed with US$143.75 million, a 4.11 percent monthly rise, while Japan saw a significant 11.52 percent increase to reach US$63.24 million. Meanwhile, Malaysia recorded the highest monthly growth of 55.16 percent, contributing US$13.39 million.

Vietnam’s corporate bond market sees December jump, over US$2.3 billion in issuances

the-shiv January 14, 2025

Looking ahead to 2025, VND 216,670 billion (US$8.67 billion) worth of corporate bonds will reach maturity, with real estate bonds making up the largest portion, at VND 120,640 billion (US$4.83 billion), or 55.6% of the total.

Vietnam’s furniture manufacturing sector sees strong annual growth in 2024

the-shiv January 14, 2025

Year-on-year, the sector grew by 14.5 percent in December 2024 compared to December 2023. For the full year of 2024, cumulative growth reached a remarkable 23.8 percent compared to 2023, highlighting exceptional annual performance in this vital industry.

Vietnam coal and lignite mining sees sharp December decline

the-shiv January 13, 2025

Year-on-year, the sector saw a 2.6 percent decline in December 2024 compared to December 2023. Over the full year, the mining of coal and lignite contracted by 5.5 percent in 2024 compared to 2023, indicating sustained challenges in the industry.

Vietnam’s crude oil exports rise by 22.86 percent in December

the-shiv January 13, 2025

Vietnam’s exports of crude oil total US$1.73 billion for 2024…

Vietnam’s telephones, mobile phones, and parts thereof exports decline by 3.27 percent in December

the-shiv January 13, 2025

Vietnam’s exports of telephones, mobile phones, and parts thereof total US$53.89 billion for 2024, maintaining a strong position in the global market despite the month-on-month decline.

Netherlands jump in foreign direct investment in Vietnam in December

the-shiv January 13, 2025

In 2024, the Netherlands invested in 24 new projects with US$546.05 million in newly registered capital.

Vietnam’s crude oil output sees slight improvement in December

the-shiv January 13, 2025

Year-on-year, crude oil production declined by 3.8 percent in December compared to December 2023. For the full year of 2024, the sector recorded a cumulative contraction of 6.1 percent compared to 2023, reflecting sustained challenges throughout the year.

Vietnam’s professional, scientific, and technological activities FDI jumps in December

the-shiv January 13, 2025

In 2024, the sector attracted a total of 364 new projects with US$1.27 billion in newly registered capital.

Vietnam’s imports of fruits and vegetables rise by 21.41 percent in December

the-shiv January 13, 2025

The USA was the largest supplier in December, with imports surging by 45.38 percent to US$123.73 million. China followed closely, contributing US$99.82 million, a modest 1.11 percent increase. Myanmar and Canada posted significant growth, with imports rising by 70.81 percent and 65.25 percent, respectively. Imports from South Korea also rose sharply by 53.53 percent, reaching US$7.58 million.