Key Challenges in Vietnam-US Trade Negotiations: Unpacked
April 15, 2025
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Vietnam car sales up 7 percent year-on-year by end October
the-shiv November 18, 2024
Passenger cars led the market, with October sales hitting 26,453 units—up 4 percent from the same month last year. This category remains the backbone of Vietnam’s automotive industry, with year-to-date sales reaching 169,363 units. The steady growth highlights a consistent demand for personal vehicles among Vietnamese consumers…
Vietnam bank deposits reach new high in August
the-shiv November 18, 2024
Notably, withdrawals of said deposits could be problematic in that outstanding loans in Vietnam, as of the end of October, exceeded the volume of bank deposits by roughly 3.7 percent. This was reportedly putting liquidity pressure on banks which has become an ongoing theme in Vietnam’s banking industry this year. The issue, however, looks to be on the credit growth end rather than with respect to deposits…
Vietnam’s construction sector sees FDI project increase but capital plunges
the-shiv November 18, 2024
Year-to-date, the construction sector has attracted 47 projects with a cumulative registered capital of US$597.67 million…
Vietnam’s bamboo and rattan exports rise in October, year-to-date figures remain positive
the-shiv November 18, 2024
The steady year-to-date growth demonstrates Vietnam’s competitive position in this niche market, buoyed by growing global interest in sustainable materials. The October uptick further reinforces the sector’s resilience, indicating potential for continued expansion as international demand for environmentally conscious products rises.
Vietnam’s CPI for culture, entertainment, and tourism shows moderate annual increase
the-shiv November 17, 2024
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’s footwear manufacturing sector posts strong growth in October
the-shiv November 17, 2024
Vietnam’s competitive advantage in footwear production is in its experienced labour and cost efficiencies. However, to maintain this momentum, the industry may need to address challenges related to global supply chain pressures, rising production costs, and the growing importance of sustainable and ethical production practices in the international market…
Vietnam’s insurance market records slight growth in October
the-shiv November 17, 2024
The market’s total premium revenue over the first 10 months of the year reached an estimated VND 184.2 trillion or US$7.42 billion, reflecting a slight decline of 0.3 percent from the same period in 2023…
Vietnam’s animal fodder exports rise in October, but year-to-date figures lag behind
the-shiv November 17, 2024
Vietnam’s exports of animal fodders and animal fodder materials saw a notable increase in October, with export value reaching US$97.05 million. This marks a 22.6 percent growth compared to US$79.13 million in September, reflecting a strong recovery in export performance for the month…
FDI in Vietnam’s information and communication sector declines in October
the-shiv November 17, 2024
Year-to-date, the sector has attracted 194 projects with a cumulative registered capital of US$150.56 million, reflecting moderate investment levels in Vietnam’s digital and communication infrastructure…
Vietnam’s pharmaceuticals market set for robust growth amid rising healthcare demand: report
the-shiv November 17, 2024
Investment in healthcare infrastructure is also playing a critical role in expanding access to essential medicines, especially in urban and increasingly in rural areas. As both government and private sectors focus on enhancing Vietnam’s healthcare facilities, the pharmaceutical market is expected to continue its upward trajectory, addressing the diverse healthcare needs of a rapidly evolving population.
Vietnam’s education sector CPI shows mixed trends with high year-to-date growth
the-shiv November 16, 2024
These trends highlight inflationary pressures within Vietnam’s education sector, where tuition and service costs have risen substantially, likely due to enhanced demand, infrastructure investments, and evolving curriculum standards…
Vietnam’s garment manufacturing sector sees significant year-over-year growth, October
the-shiv November 16, 2024
Of note, Vietnam’s garment sector is benefiting from increased international orders and favourable trade conditions. However, sustaining this growth may require addressing challenges such as supply chain dependencies and rising production costs, particularly in a global market where sustainable and ethical production practices are becoming increasingly important to buyers.
Vietnam holds position on US currency manipulation watchlist in November report
the-shiv November 16, 2024
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)…
Vietnam’s manufacturing leads October’s FDI influx with substantial growth year-to-date
the-shiv November 16, 2024
The steady influx of foreign capital into manufacturing reflects Vietnam’s appeal as a regional industrial hub, offering a cost-effective environment for companies looking to establish or expand operations within Southeast Asia. This trend can be attributed to a number of factors including Vietnam’s competitive workforce, strategic location, and favourable government policies tailored to support foreign manufacturing operations..
Vietnam’s in vitro fertilisation market to see strong growth as awareness, demand increase: Report
the-shiv November 16, 2024
The report notes that rising awareness and acceptance of IVF procedures among the population are central to this growth. As more couples become informed about the possibilities of assisted reproductive technologies, the demand for IVF services is increasing…
Vietnam’s CPI for medicines and medical services shows substantial year-to-date increase
the-shiv November 15, 2024
For the period from January to October 2024, the CPI for medicines and medical services rose by 7.54 percent over the same period in 2023. This sustained year-to-date growth reflects growing demand for healthcare services, potential supply chain challenges, and rising input costs for pharmaceuticals.
Vietnam’s fibre production shows sustained annual growth but moderate monthly increase
the-shiv November 15, 2024
Notably, fibre production is benefiting from rising global demand for textiles, positioning Vietnam as a key player in the supply chain. To sustain this momentum, however, the industry may need to focus on innovations in sustainable fibre production to meet increasing environmental standards and ensure long-term growth…
Vietnam gamers restricted from buying, selling virtual assets under new internet Decree
the-shiv November 15, 2024
There are also a number of other requirements for gaming providers outlined in the Decree from signage requirements in gaming centres to warnings placed in-game. For example, “Playing more than 180 minutes a day will have a negative impact on health” is required to be displayed in-game every thirty minutes….
Vietnam News Roundup: November 8 to November 14
the-shiv November 15, 2024
This week’s Vietnam news roundup covers the latest State Bank open market operations including the falling dong, new financing arrangements for VinFast, new regulations on data collection and storage for cross border service providers, and more…
October outcomes mixed for Vietnam’s stock exchanges
the-shiv November 15, 2024
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…