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Vietnam’s BRICS Partnership: Risks & Benefits
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Vietnam’s imports of mobile phones and parts drop by 9.5 percent in November
On a year-to-date basis, imports have reached US$9.43 billion. China remains the dominant supplier despite a 12.84 percent monthly decline, contributing US$851.4 million. South Korea saw a notable increase of 67.62 percent, reaching US$34.8 million, while Japan recorded sharp growth of 180.04 percent to US$531.8 million.
Former Trump security advisor spruiks Vietnam-US trade potential
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…
Finnish ETF increases stake in key Vietnam Mercedes-Benz distributor
Finland’s PYN Elite fund has increased its holding in Vietnam’s Haxaco, a key Mercedes-Benz distributor. The fund now holds 6.8 percent of the company up from 4.8 percent.
Vietnam’s wood and wooden product exports dip by 4.8 percent in November
Exports to the USA dropped by 2.64 percent to US$827.3 million, while China and Japan saw sharp declines of 16.59 percent and 15.70 percent, respectively.
Vietnam’s fiber production continues steady growth in November
Year-on-year, fiber production saw significant growth of 10.03 percent in November 2024 compared to the same period in 2023. Over the first 11 months of 2024, the IPI for the sector expanded by 12.68 percent compared to the same period last year, underlining its robust performance as one of Vietnam’s industrial strengths.
Vietnam’s exports to Thailand decline by 6.59 percent in November
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 sees growth in arts, entertainment, and recreation FDI in November
Year-to-date (YTD), the sector has attracted a total of 7 new projects with US$13.2 million in newly registered capital, indicating growth in the sector.
Chinese tourist arrivals in Vietnam grow by 11.11 percent in November
Year-to-date, Chinese tourist arrivals reached 3,350,265, reflecting a 68 percent growth compared to the same period last year. This positions China as one of Vietnam’s top tourism markets, contributing significantly to the recovery of the sector.
Vietnam’s exports to South Korea decline by 7.22 percent in November
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
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.
What to Watch Now Google Has An Office in Vietnam
Last week, Google announced it had opened an office in HCMC. This has been a long time coming and this makes Google one of the first big tech firms to do so. That said, the operating environment Google is entering is complicated and with this in mind, this article unpacks a few of the challenges Google might face.
Vietnam footwear exports jump 6.25 percent in November
The United States remained the largest market, importing US$714.22 million, up 4.11 percent from October. China followed with a substantial increase of 46.99 percent to US$188.19 million, while Japan recorded an 18.14 percent rise to US$98.22 million. South Korea showed remarkable growth, surging 79.87 percent to US$65.48 million.
Vietnam’s beer and malt production sees slight decline in November
In November, the beer and malt production sector grew by 3.29 percent compared to the same month in 2023. However, over the first 11 months of 2024, the IPI for the sector contracted by 1.51 percent compared to the same period in the previous year, suggesting mixed performance trends.
Vietnam’s imports from the United States grow 1.77 percent in November
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 sees decline in administrative operations and support services FDI in November
Year-to-date, the sector has attracted a total of 56 new projects and US$150.8 million in newly registered capital, reflecting solid growth despite the downturn in November.
Korean tourist arrivals in Vietnam rise by 8.75 percent in November
Year-to-date, Korean arrivals reached 4,133,872, representing a 26 percent year-on-year growth. This reaffirms Korea’s position as one of Vietnam’s most significant tourism markets.
Vietnam’s exports to Japan decline 2.88 percent in November
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.
Vietnam’s iron and steel imports fall sharply by 31.9 percent in November
China remained Vietnam’s largest supplier, accounting for US$550.87 million, though this reflected a sharp drop of 46.04 percent month-on-month. Imports from South Korea grew by 8.17 percent, reaching US$138.92 million, while Japan recorded a 12.70 percent increase to US$135.15 million.
Vietnam’s textile and garment exports decline by 5 percent in November
The USA remained the largest market, with exports rising slightly by 1.68 percent to US$1.31 billion. Exports to Japan dropped by 7.94 percent to US$387.94 million, while South Korea saw a significant decline of 46.65 percent, totalling US$186.35 million.
Vietnam’s milk and dairy processing sees steady growth in November
Year-on-year, the milk and dairy processing sector achieved growth of 9.36 percent in November 2024 compared to the same period in 2023. Over the first 11 months of 2024, the sector recorded a cumulative growth of 3.96 percent compared to the same timeframe last year, showcasing consistent performance despite economic challenges.
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