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 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.
Vietnam’s iron and steel production sees steady growth in 2024
Year-on-year, the sector grew by 5.6 percent in December 2024 compared to December 2023. For the full year of 2024, cumulative growth reached 9.5 percent compared to 2023, reflecting consistent progress throughout the year.
Vietnam’s car production estimated to reach 388,500 units in 2024
In November 2024, the country produced 52,400 units of cars, maintaining a strong output despite a slight decrease in December.
Vietnam’s glass and glassware exports rise by 5.02 percent in December
Vietnam’s glass and glassware exports total US$1.19 billion for 2024…
Vietnam’s construction sector sees decline in FDI in December
In 2024, the sector attracted a total of 52 new projects with US$642.77 million in newly registered capital…
Vietnam’s yarn exports rise by 4.67 percent in December
Vietnam’s yarn exports total US$4.41 billion for 2024, reflecting continued demand across a variety of global markets.
Pushback on compulsory motorbike insurance surfaces in Vietnam
Vietnam’s Ministry of Finance has received pushback on compulsory motorcycle insurance which was codified in Decree 67 back in 2023. The pushback has centered around challenges getting paid out in the event a claim is made, according to a write-up in VietnamNet.
New Vietnam traffic law causing productivity concerns for logistics industry
A 48 hour limit on driving hours for truck drivers outlined in the 2024 Law on Road Traffic Order and Safety is gaining traction as an issue among local logistics firms…
Korean tourist arrivals to Vietnam surge in December with 9 percent growth
Shopping and dining are key components of Korean tourists’ itineraries, with many drawn to Vietnamese street food, such as pho and banh mi, as well as coffee culture.
Vietnam’s wheat imports remain stable, decreasing slightly by 0.57 percent in December
Australia emerged as the top supplier, with imports nearly doubling to US$47.66 million, a 99 percent increase compared to November. Russia and Ukraine also recorded strong growth, with imports rising by 127.48 percent and 67.85 percent, respectively.
Vietnam’s plastic product imports rise by 5.09 percent in December
China remained the largest supplier, exporting US$502.44 million worth of plastic products, a month-on-month growth of 5.05 percent. South Korea followed with US$125.64 million, increasing by 3.72 percent. Japan’s exports also rose by 4.63 percent, reaching US$74.45 million.
Vietnam’s metal ore mining sees mixed output performance in 2024
Year-on-year, the sector saw a 4.4 percent decline in December 2024 compared to December 2023. However, for the full year of 2024, cumulative production rose by 14.4 percent compared to 2023, reflecting strong growth over the year despite monthly and annual fluctuations.
Vietnam’s milk powder production estimated to reach 145,500 tons in 2024
In November 2024, the country produced 12,800 tons of milk powder, showing consistent output despite a slight increase in December.
Poland sees decline in foreign direct investment in Vietnam in December
In 2024, Polish firms invested in 2 new projects in Vietnam with US$45 million in newly registered capital…
In today’s news: VinFast derivatives issue, JICA lending forecasts, Fuel pricing reform monitoring, Fuel price forecasts, Bank foreign capital raising, Russia looking to wet
In today’s news: Abandoned property tax proposed, Novaland rejects bankruptcy rumours, Vietnamese trade delegation visits Iran, US duties Vietnamese air compressors, EVF plans US$300
In today’s news: Challenges to 10 percent growth target, Proposed rare earth export ban eased, Vietnam records US$122 billion in crypto activity, Norway shipbuilder
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