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 toys and sports requisites exports rise by 2.66 percent in December
Vietnam’s toys and sports requisites exports total US$3.76 billion for 2024, demonstrating strong global demand despite minor fluctuations.
Vietnam’s LPG imports decline by 24.83 percent in December
The “Other” category remained stable, with imports rising slightly by 0.24 percent to US$56.16 million. China recorded a significant increase, with imports rising 22.71 percent to US$19.98 million. Malaysia also posted strong growth, with imports increasing by 53.33 percent to US$14.60 million.
PM sets 5-year time frame on nuclear power plant construction in Vietnam
Of note, according to the International Atomic Energy Agency it can take as little as five years, but also as many as 12, to build a nuclear power plant from when the first cement is poured. That said, there can also be a few years of planning that goes into the process before that.
Poland, Czech Republic, Switzerland added to Vietnam 45 day visa exemption
From the first of March this year, travellers from Poland, the Czech Republic, and Switzerland will be able to enter Vietnam for 45 days visa free. This adds to a slowly growing list of foreign firms allowed visa free entry to the country.
Vietnam’s plastic imports surge to US$1.12 billion in December 2024
China remained the top supplier, exporting US$331.75 million in December, up 6.68 percent month-on-month. South Korea followed with US$191.84 million, a 7.59 percent rise, while Taiwan recorded a slight decline of 1.27 percent, with imports totalling US$111.41 million.
Changes to Vietnam’s key stock market index criteria set for change from March
The Ho Chi Minh City Stock Exchange has announced in a Facebook post that it will revamp the VN-30 Index. The changes are detailed in Decision 747/QD-SGDHCM and will take effect from March…
Vietnam’s motorcycle manufacturing posts strong growth in December 2024
Year-on-year, the sector achieved a growth of 26.7 percent in December 2024 compared to December 2023. For the full year of 2024, cumulative growth stood at 4.7 percent compared to 2023, reflecting moderate progress for the year with significant gains toward the year-end.
Vietnam education prices fall in December 2024
Despite this end-of-year dip, education costs rose significantly by 5.37 percent for the whole year compared to 2023, reflecting adjustments in tuition fees, school supplies, and education-related services.
Swiss tourist arrivals to Vietnam decline by 17.01 percent in December despite strong annual growth
Many Swiss tourists prefer immersive travel experiences, such as eco-tourism and trekking, along with culinary tours to discover Vietnam’s diverse and fresh cuisine. Longer stays are typical for Swiss visitors, as they often combine multiple regions within one trip to experience Vietnam’s varied landscapes and culture.
Vietnam’s information and communication sector see December FDI drop
In 2024, the sector attracted a total of 235 new projects with US$281.68 million in newly registered capital…
Vietnam’s financial, banking, and insurance sector sees December FDI fall
In 2024, the sector attracted a total of 6 new projects with US$123.59 million in newly registered capital…
Vietnam’s fishery products exports decline by 4.97 percent in December
Vietnam’s exports of fishery products total US$10.04 billion for 2024, reflecting a strong performance despite the month-on-month decline…
Vietnam’s textiles and garments exports rise by 10.98 percent in December
Vietnam’s textiles and garments exports total US$37.04 billion for 2024, reflecting strong performance driven by key markets such as the USA and South Korea.
Vietnam’s aquatic product processing sees strong growth in December
Year-on-year, the industry experienced robust growth of 14.2 percent in December compared to the same month in 2023. For the full year of 2024, cumulative growth reached 9.2 percent compared to 2023, reflecting steady progress in this crucial sector.
Vietnam’s imports of still image, video cameras, and parts rise by 9.66 percent in December
China remained the largest supplier, contributing US$104.49 million, a 3.41 percent increase from the previous month. Taiwan followed with US$48.46 million, growing by 5.63 percent. Imports from Japan and the USA showed notable increases of 14.23 percent and 3.26 percent, respectively.
Vietnam’s iron and steel production estimated to reach 21.74 million tons in 2024
In November 2024, the country produced 1.71 million tons of iron and steel, showing stable output despite a slight increase in December.
Vietnam’s iron and steel imports hit US$1.08 billion in December
China remained the largest supplier, contributing US$568.42 million, a 3.19 percent rise from November. Japan recorded the most significant monthly growth among major suppliers, surging by 24.57 percent to US$168.35 million. Imports from South Korea also rose by 9.51 percent to US$152.13 million.
UK court grants anti-suit injunction against Vietnam’s Vietjet
The UK’s Commercial Court has granted anti-suit injunctions to banks BNP Paribas and Natixis against Vietjet with respect to court proceedings Vietjet had intended to pursue in Vietnam. The banks had previously held lease agreements with the airline with respect to several aircraft, lease agreements Vietjet defaulted on. The banks had pursued, and been awarded the injunctions, on the grounds that the agreements with Vietjet specifically assigned the UK courts jurisdiction over any dispute between the parties.
Vietnam’s ready-made garment production records strong growth in 2024
Year-on-year, the sector expanded by 13.9 percent in December 2024 compared to December 2023. For the entire year, cumulative growth reached 6.1 percent in 2024 compared to 2023, reflecting a strong performance in this segment.
German tourist arrivals to Vietnam decline by 19.82 percent in December but show strong year-on-year growth
German tourists are attracted to Vietnam’s cultural and natural diversity. Popular destinations include Hanoi, with its blend of historic charm and bustling city life, Hoi An’s UNESCO World Heritage sites, and the natural splendour of Halong Bay. Beach locations such as Phu Quoc and Da Nang also appeal to German travellers seeking relaxation and warm weather.
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
In today’s Vietnam news: Push for removal US D1 D3 export control lists, Coal output increase approved, Philippines-Vietnam integration challenges, Renewables development, M&A transactions
In today’s Vietnam news: DPPA hurdles, Canada-Taiwan renewables investment in VN, Progress report on US aircraft / engine deals requested, Tech development plan, VinHomes
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