Vietnam news in English for foreign firms doing business in Vietnam

Year-on-year, the sector achieved a growth of 26.7 percent in December 2024 compared to December 2023. For the full year of 2024, cumulative growth stood at 4.7 percent compared to 2023, reflecting moderate progress for the year with significant gains toward the year-end.

Vietnam education prices fall in December 2024

the-shiv January 16, 2025

Despite this end-of-year dip, education costs rose significantly by 5.37 percent for the whole year compared to 2023, reflecting adjustments in tuition fees, school supplies, and education-related services.

Swiss tourist arrivals to Vietnam decline by 17.01 percent in December despite strong annual growth

the-shiv January 16, 2025

Many Swiss tourists prefer immersive travel experiences, such as eco-tourism and trekking, along with culinary tours to discover Vietnam’s diverse and fresh cuisine. Longer stays are typical for Swiss visitors, as they often combine multiple regions within one trip to experience Vietnam’s varied landscapes and culture.

Vietnam’s information and communication sector see December FDI drop

the-shiv January 16, 2025

In 2024, the sector attracted a total of 235 new projects with US$281.68 million in newly registered capital…

Vietnam’s financial, banking, and insurance sector sees December FDI fall

the-shiv January 15, 2025

In 2024, the sector attracted a total of 6 new projects with US$123.59 million in newly registered capital…

Vietnam’s fishery products exports decline by 4.97 percent in December

the-shiv January 15, 2025

Vietnam’s exports of fishery products total US$10.04 billion for 2024, reflecting a strong performance despite the month-on-month decline…

Vietnam’s textiles and garments exports rise by 10.98 percent in December

the-shiv January 15, 2025

Vietnam’s textiles and garments exports total US$37.04 billion for 2024, reflecting strong performance driven by key markets such as the USA and South Korea.

Vietnam’s aquatic product processing sees strong growth in December

the-shiv January 15, 2025

Year-on-year, the industry experienced robust growth of 14.2 percent in December compared to the same month in 2023. For the full year of 2024, cumulative growth reached 9.2 percent compared to 2023, reflecting steady progress in this crucial sector.

Vietnam’s imports of still image, video cameras, and parts rise by 9.66 percent in December

the-shiv January 15, 2025

China remained the largest supplier, contributing US$104.49 million, a 3.41 percent increase from the previous month. Taiwan followed with US$48.46 million, growing by 5.63 percent. Imports from Japan and the USA showed notable increases of 14.23 percent and 3.26 percent, respectively.

Vietnam’s iron and steel production estimated to reach 21.74 million tons in 2024

the-shiv January 15, 2025

In November 2024, the country produced 1.71 million tons of iron and steel, showing stable output despite a slight increase in December.

Vietnam’s iron and steel imports hit US$1.08 billion in December

the-shiv January 15, 2025

China remained the largest supplier, contributing US$568.42 million, a 3.19 percent rise from November. Japan recorded the most significant monthly growth among major suppliers, surging by 24.57 percent to US$168.35 million. Imports from South Korea also rose by 9.51 percent to US$152.13 million.

Electricity in Vietnam: Industry Overview 2025

the-shiv January 15, 2025

When it comes to electricity in Vietnam, whether a company is using it or producing it, there are a lot of nuances that foreign investors should be aware of. This cheat sheet runs through a brief overview of how the industry and the market operate.

UK court grants anti-suit injunction against Vietnam’s Vietjet

the-shiv January 15, 2025

The UK’s Commercial Court has granted anti-suit injunctions to banks BNP Paribas and Natixis against Vietjet with respect to court proceedings Vietjet had intended to pursue in Vietnam. The banks had previously held lease agreements with the airline with respect to several aircraft, lease agreements Vietjet defaulted on. The banks had pursued, and been awarded the injunctions, on the grounds that the agreements with Vietjet specifically assigned the UK courts jurisdiction over any dispute between the parties.

Vietnam’s ready-made garment production records strong growth in 2024

the-shiv January 15, 2025

Year-on-year, the sector expanded by 13.9 percent in December 2024 compared to December 2023. For the entire year, cumulative growth reached 6.1 percent in 2024 compared to 2023, reflecting a strong performance in this segment.

German tourist arrivals to Vietnam decline by 19.82 percent in December but show strong year-on-year growth

the-shiv January 15, 2025

German tourists are attracted to Vietnam’s cultural and natural diversity. Popular destinations include Hanoi, with its blend of historic charm and bustling city life, Hoi An’s UNESCO World Heritage sites, and the natural splendour of Halong Bay. Beach locations such as Phu Quoc and Da Nang also appeal to German travellers seeking relaxation and warm weather.

Malaysia sees mixed foreign direct investment performance in Vietnam in December

the-shiv January 15, 2025

In 2024, Malaysia invested in 44 new projects in Vietnam with US$185.19 million in newly registered capital.

Vietnam’s water supply and waste treatment sector sees FDI jump in December

the-shiv January 14, 2025

In 2024, the sector attracted a total of 1 new project with US$20,630 in newly registered capital…

Vietnam’s fertilizers exports rise by 21.58 percent in December

the-shiv January 14, 2025

Vietnam’s exports of fertilisers total US$709.91 million for 2024, reflecting strong performance across multiple markets.

Vietnam’s textile, leather, and footwear materials and auxiliaries exports rise by 4.22 percent in December

the-shiv January 14, 2025

Vietnam’s exports of textile, leather, and footwear materials and auxiliaries total US$2.23 billion for 2024, reflecting steady growth in the sector.

Vietnam’s imports of electric consumer products rise by 27.99 percent in December

the-shiv January 14, 2025

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.