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 motor vehicle manufacturing sees huge growth in 2024
Year-on-year, the sector posted an impressive growth of 37.8 percent in December 2024 compared to December 2023. For the full year, cumulative growth reached 21.1 percent in 2024 compared to 2023, highlighting exceptional performance despite the year-end dip.
Vietnam’s non-ferrous metal ore mining shows mixed performance in 2024
Year-on-year, the sector contracted by 6.2 percent in December 2024 compared to December 2023. However, for the full year of 2024, non-ferrous metal ore mining recorded a strong 17 percent increase compared to 2023, reflecting overall growth despite short-term challenges.
Vietnam’s rolled steel production estimated to reach 18.55 million tons in 2024
In November 2024, the country produced 1.57 million tons of rolled steel, maintaining a solid output despite a slight decrease in December.
Vietnam’s computer and electronic product imports rise in December 2024
Year-to-date imports for these products totalled US$107.05 billion, underscoring Vietnam’s growing demand for technology and components vital to its manufacturing sector. China remained the top supplier, exporting US$3.05 billion worth of goods, marking a 2.68 percent monthly increase. Thailand exhibited the most substantial growth with a remarkable 60.71 percent rise in December.
Japan sees decline in foreign direct investment in Vietnam in December
In 2024, Japan invested in 270 new projects with US$3.5 billion in newly registered capital.
Vietnam’s Dong Nai province sees steady FDI growth in December
This steady increase in FDI showcases Dong Nai’s continued appeal to foreign investors, particularly in the manufacturing and industrial sectors, which are vital to the province’s economy.
Polish tourist arrivals to Vietnam decline by 25.27 percent in December
Polish tourists are drawn to Vietnam’s mix of culture and natural beauty, with popular destinations including Hanoi, Ho Chi Minh City, Hoi An, and Halong Bay. Beach destinations like Phu Quoc and Da Nang are also favoured by Polish travellers for relaxation and tropical charm. Many Polish visitors also explore eco-tourism options, including trekking in Sapa and visiting rural areas.
Vietnam post and telecommunication prices decline in 2024
For the full year 2024, costs decreased by 1.02 percent compared to 2023, reflecting continued downward trends in telecommunications prices due to increased competition and the introduction of cost-effective digital solutions.
UK sees stable foreign direct investment in Vietnam in December
In 2024, the UK invested in 44 new projects with US$241.30 million in newly registered capital.
American tourist arrivals in Vietnam decline slightly in December
Vietnam recorded 92,175 visitors from the Americas in December, a decrease of 2,912 visitors or 3.06 percent compared to November. Despite this monthly dip, the total number of visitors from the Americas reached 1,000,077 in 2024, a year-on-year increase of 10.7 percent.
Vietnam stock market capitalisation in 2024 up 21.2 percent over 2023
The market capitalisation of Vietnam’s stock market reached nearly VND 7.2 trillion or about US$288 billion in 2024, a 21.2 percent rise compared to a year earlier. This increase brings market capitalisation to approximately 70.4 percent of Vietnam’s estimated GDP for 2023, according to a press release from the Ministry of Finance (MoF).
Vietnam outbound FDI tops US$664 million in 2024
In 2024, Vietnam’s total investment abroad is expected to reach nearly US$664.8 million, a 57.7% increase from 2023, according to a press release from the Ministry of Planning and Investment. This was spread across 164 new projects and 26 capital adjustments abroad.
Vietnam car sales slump by over 30 percent in December over November
Year-to-date sales for 2024 stood at 295,979 units, reflecting a 7 percent increase year-on-year. Despite the monthly decline, buses demonstrated the most substantial annual growth at 31 percent, totalling 7,748 units sold in 2024.
Vietnam’s chemical production shows steady annual growth in 2024
Year-on-year, the sector experienced a decline of 3.2 percent in December compared to December 2023. However, cumulative production for the full year of 2024 grew by 11.9 percent compared to 2023, reflecting solid overall annual growth despite fluctuations.
Vietnam’s beer and malt production rises in December but records mostly stagnant 2024
Year-on-year, the sector grew by 8.5 percent in December 2024 compared to December 2023. However, for the full year of 2024, cumulative production declined slightly by 0.1 percent compared to 2023, indicating stagnation in overall annual output.
Vietnam’s miscellaneous service activities sector sees strong growth in December
In 2024, the sector attracted a total of 9 new projects with US$169,500 in newly registered capital.
Vietnam’s health and social assistance sector sees strong December FDI growth
In 2024, the sector attracted a total of 2 new projects with US$95.37 million in newly registered capital.
Vietnam eating out prices record steady growth in December
Year-on-year, prices were up 3.95 percent in December 2024 compared to the same month in 2023. For the full year, prices for dining out rose by 3.99 percent over 2023.
Vietnam’s processing and manufacturing industry shows strong annual growth
Year-on-year, the industry expanded by 10.2 percent in December 2024 compared to the same month in 2023. Over the full year of 2024, cumulative growth reached 9.6 percent compared to 2023, underlining the strong performance of this key sector.
Asian tourist arrivals in Vietnam rise in December
For the year-to-date, Vietnam received 13,997,051 Asian tourists, reflecting a 43.1 percent growth from the same period last year. Asia continues to dominate Vietnam’s international tourism, driven by the proximity and strong cultural ties with key markets such as China, South Korea, and Japan.
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