vietnam

The Vietnam category covers economic developments, investment trends, and policy updates specific to the country. It explores market opportunities, trade relations, industry growth, and government initiatives, providing insights into Vietnam’s role in global supply chains, emerging sectors, and foreign business expansion.

 

Manufacturing: Vietnam March new manufacturing FDI tops US$2 billion

Vietnam’s processing and manufacturing industry recorded a total of US$2,077.01 million in foreign direct investment in March, according to the latest data from the Ministry of Planning and Investment. This included 123 new projects valued at US$1,174 million, accounting for more than half of total inflows.

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Banking: Credit growth boosts Q1 profits, but deposit costs and provisioning rise

Vietnam’s system-wide credit grew 3.93 percent by March 31, nearly triple the pace in Q1 2024, Kinh Te Saigon is reporting. This supported high profit growth at banks like SeABank (+189 percent), MBBank (+45 percent), HDBank (+33 percent), and Sacombank (+38 percent), however, the publication also notes that rising bad debts led to increased credit risk provisioning, with rising deposit interest costs also putting pressure on banks’ margins.

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Manufacturing: Vietnam April PMI sees sector contract sharply as US tariffs hit

Vietnam’s manufacturing sector shrank in April as newly announced US tariffs triggered a sharp drop in orders, production, and sentiment, according to a press release from S&P Global Vietnam Manufacturing Purchasing Managers’ Index. Vietnam’s PMI fell to 45.6, down from 50.5 in March, signalling the steepest monthly contraction since May 2023, largely as a result of the US tariffs announced at the start of the month, the press release says.

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Help Wanted: Business Development Manager (Freelance)

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Finance: Vietnam’s insurance market grows 5.6 percent in Q1 2025

Vietnam’s Total insurance premium revenue in Q1 2025 reached VND 56.58 trillion or US$2.26 billion, up 5.62 percent year-on-year. Non-life insurance recorded VND 22.01 trillion or US$880.4 million, rising 10 percent, with life insurance reaching VND 34.56 trillion or US$1.38 billion, growing 3 percent, according to data from the Ministry of Finance.

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Public transport: Vietnam’s metro targets at risk without unified standards

Vietnam lacks a complete, harmonised framework for metro construction, making it harder to train engineers, approve designs, and maintain infrastructure over time, engineer Le Van Cuong, who consulted on Ho Chi Minh City’s Metro Line 1, has told VN Express. Moreover, he has warned that inconsistent standards lead to higher costs, longer build times, and difficulties in operations and maintenance.

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Footwear: Nike, Adidas warn Trump tariffs threaten Vietnam-made US shoe supplies

A coalition of 76 brands including Nike, Adidas, Skechers, and Under Armour has warned the White House that recently announced import tariffs are an “existential threat” to their businesses. In a letter penned by the Footwear Distributors and Retailers of America, the brands have claimed that many firms cannot absorb or pass on the new costs, particularly those selling to low- and middle-income consumers, CNBC has reported.

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Tourism and hospitality: Vietnam tourist arrivals from the Americas down 10 percent in March

Vietnam welcomed 104,874 tourists from the Americas in March 2025, down 10.3 percent from February, according to data from Vietnam’s General Department of Statistics. However, total arrivals in the first quarter reached 341,501, a 13 percent increase compared to the same period in 2024, marking a significant boost to Vietnam’s tourism industry from the Americas.

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