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.
Vietnam’s insulated wires and cables exports rise by 3.81 percent in December
The rise in exports was driven by significant growth in shipments to the USA, which saw a 14.18 percent increase, amounting to US$101.43 million. Exports to Australia also showed strong growth, increasing by 47.99 percent, reaching US$4.21 million.
Vietnam household equipment and appliances prices in December 2024
Over the full year, prices for household equipment and appliances showed an overall increase of 1.27 percent compared to 2023, indicating a modest growth trend for the sector.
Vietnam’s pharmaceutical production grows steadily in 2024
Year-on-year, the sector posted a modest growth of 0.5 percent in December compared to December 2023. However, for the full year of 2024, cumulative growth reached 7.3 percent compared to 2023, highlighting consistent annual progress.
Vietnam’s iron and steel exports decline by 11.08 percent in December
Vietnam’s iron and steel exports total US$9.08 billion for 2024, reflecting strong demand despite the month-on-month decline.
Switzerland sees decline in foreign direct investment in Vietnam in December
In 2024, Switzerland invested in 13 new projects with US$103.21 million in newly registered capital…
Vietnam’s imports of essential oils, cosmetics, and toiletries rise by 3.28 percent in December
Singapore remained the largest supplier, contributing US$33.81 million, though this marked a slight decline of 2.28 percent compared to November. South Korea recorded the highest growth, with imports rising by 28.95 percent to US$22.42 million. France and Italy also posted significant increases, with imports growing by 25.12 percent and 24.95 percent, respectively.
Vietnam’s petroleum product imports surge by 48.16 percent in December
Singapore emerged as the leading supplier in December, with exports to Vietnam doubling to US$369.66 million, a 100.00 percent increase. South Korea followed, exporting US$206.84 million, a 26.70 percent rise from the previous month. Imports from Malaysia also showed significant growth, climbing 48.53 percent to US$105.69 million.
Malaysian tourist arrivals to Vietnam grow by 12.47 percent in December
Malaysian tourists are drawn to Vietnam’s cultural landmarks, bustling cities, and shopping opportunities. Popular destinations include Hanoi and Ho Chi Minh City, where visitors enjoy markets, historical sites, and street food experiences.
Vietnam’s higher education market projected to grow by US$616.5 million by 2029
Vietnam’s higher education market is forecast to expand by US$616.5 million, growing at a compound annual growth rate (CAGR) of 15.6 percent from 2024 to 2029, according to a report from Technavio…
Vietnam’s footwear manufacturing sees significant growth in 2024
Year-on-year, the sector posted a robust growth of 23.5 percent in December 2024 compared to December 2023. For the full year of 2024, cumulative growth reached 13.7 percent compared to 2023, highlighting strong performance throughout the year.
Vietnam’s electronics and computer sector posts strong annual growth
Year-on-year, the sector grew by 8.0 percent in December compared to December 2023. Over the full year of 2024, cumulative growth reached 8.3 percent compared to 2023, highlighting the sector’s robust performance despite the monthly dip.
Vietnam medicines and medical services prices up in December 2024
For the full year, the sector experienced a significant rise of 7.16 percent compared to 2023, reflecting ongoing cost pressures and increased demand for healthcare services and pharmaceuticals.
Vietnam’s handbags, purses, suitcases, headgear, and umbrellas exports rise by 7.03 percent in December
Vietnam’s exports of these products total US$4.25 billion for 2024…
Vietnam’s milk and dairy processing industry sees steady growth
Year-on-year, the sector grew by 5.7 percent in December 2024 compared to the same period in 2023. For the full year of 2024, cumulative growth stood at 3.5 percent compared to 2023, reflecting a steady upward trend in the industry.
Vietnam’s glass and glassware imports rise by 14.37 percent in December
China led as the largest supplier, contributing US$75.09 million, a 13.36 percent increase compared to November. Malaysia and Indonesia posted remarkable growth, with imports rising by 40.82 percent and 159.56 percent, respectively. Imports from Thailand and the USA also showed strong growth, increasing by 37.85 percent and 78.88 percent, respectively.
Vietnam’s Ho Chi Minh City sees strong FDI growth in 2024
The growth in FDI in Ho Chi Minh City highlights the continued strength of the city as Vietnam’s economic and industrial powerhouse.
Germany sees decline in foreign direct investment in Vietnam in December
In 2024, Germany invested in 24 new projects with US$118.54 million in newly registered capital…
Vietnam’s crude oil imports rise by 32.05 percent in December
Kuwait remained Vietnam’s largest crude oil supplier, contributing US$578.56 million in December, a 28.81 percent increase from the previous month. Imports from other sources collectively rose by an impressive 75.88 percent, reaching US$58.40 million.
Tourist arrivals from the USA to Vietnam grow steadily in December
American travellers continue to be an important demographic for Vietnam’s tourism sector. Popular destinations include Hanoi and Ho Chi Minh City for their vibrant culture and history, and Phu Quoc and Da Nang for beach vacations.
Vietnam drinks and tobacco prices edge higher in December 2024
Year-on-year, drinks and tobacco prices were up 2.40 percent in December 2024 over December 2023. For the full year, prices in this category rose by 2.42 percent compared to 2023.
In today’s Vietnam news: Offshore wind development, PM public holiday powers extension proposed, Cybersecurity firm identifies VN hack, HoSE liquidity lowest level since April
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This is an interview with Chris Walker, a Vietnam Sourcing Expert with Vietnam Factory Tours how rising oil prices and the Middle East crisis are
This is an interview with John Gardner, CEO and Founding Partner, at Optimum Hospitality in Ho Chi Minh City. It covers fuel price impacts on:
This is an interview with Dr Nuno F. Ribeiro, Associate Professor, International Tourism & Hospitality Management at Copenhagen Business College, formerly of RMIT Vietnam. It