The Economy category covers macroeconomic trends, fiscal policies, trade performance, and financial markets. It explores GDP growth, inflation, employment, investment flows, and regulatory changes, providing insights into economic stability, global trade relations, and policy impacts. This section serves as a resource for businesses, investors, and analysts monitoring economic developments.

Estimated 15 percent increase in Vietnam credit growth in 2024

the-shiv January 9, 2025

This is interesting in that credit growth limits were first introduced just over a decade ago to try to keep bank lending and by extension inflation under control, essentially acknowledging that the more money people have to spend the higher inflation will climb. This reality hasn’t changed, however, the connection between inflation and credit growth in Vietnam has, with the former going down this year while the latter has risen.

Vietnam’s Economy in 2024: A Brief Recap

Mark Barnes 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…

Average Salary in Vietnam Q4, 2024

the-shiv January 7, 2025

Vietnam has a reputation for abundant low cost labour. This has been instrumental to its rise as a key global manufacturing hub. That said, wages can vary greatly across sectors and industries, and by region. This article discusses the average salary in Vietnam and provides a glimpse into what firms can realistically expect to pay their staff when starting a business in Vietnam.

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.

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 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.

Vietnam’s imports from Japan decline by 11.99 percent in November

the-shiv December 16, 2024

Computers, electrical products, and spare parts remained the largest import category but fell sharply by 26.45 percent to US$368.27 million. Machinery, equipment, tools, and instruments also dropped by 12.78 percent to US$342.59 million.

Vietnam’s exports to China decline 7.6 percent in November

the-shiv December 16, 2024

Telephones, mobile phones, and parts thereof remained the largest export category, totalling US$1.12 billion, though this marked a sharp decline of 33.65 percent month-on-month. Computers, electrical products, and spare parts surged by 35.89 percent to US$1.10 billion, demonstrating strong demand.

Vietnam’s imports from Taiwan record decline .47 percent decline in November

the-shiv December 14, 2024

Vietnam imported goods worth US$2.04 billion from Taiwan in November, a slight decline of 0.47 percent compared to October, according to Vietnam’s General Department of Customs. Year-to-date imports amounted to US$20.73 billion.