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.
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.
Taiwan sees decline in foreign direct investment in Vietnam in December
In 2024, Taiwan invested in 187 new projects with US$2.08 billion in newly registered capital.
Vietnam News Roundup: January 2 to January 9
This week’s Vietnam news roundup covers the latest State Bank open market operations, VinHomes latest credit rating from Fitch, 2024 economic data from the General Office of Statistics, and more…
Vietnam’s VinHomes gets ‘-BB’ rating, VinFast connect holding firm back: Fitch Ratings
Fitch Ratings has given Vietnamese real estate developer VinHomes a ‘-BB’ Long-Term Issuer Default Rating with a stable outlook. The ‘-BB’ rating also applies to proposed US dollar senior unsecured note issue, according to a release from the firm.
Vietnam Business Climate Index records unusual jump in Q4
The European Chamber of Commerce in Vietnam’s Business Confidence Index for the fourth quarter of 2024 has recorded a jump of 15.5 points over the third quarter of the year. It should be noted, however, that the number of respondents was well below average for the year and given the time of year the results may be skewed.
Vietnam’s non-alcoholic beverages, mineral water production shows steady December growth
Year-on-year, the sector recorded a modest growth of 1.7 percent in December compared to the same month in 2023. For the entire year of 2024, cumulative growth reached 3.7 percent compared to 2023, reflecting steady progress in the industry.
Vietnam’s wood processing sector shows robust annual growth
Year-on-year, the sector grew by 13.3 percent in December compared to December 2023. For the entire year of 2024, cumulative growth reached 8.5 percent compared to 2023, indicating strong performance throughout the year.
Bolt Ride hailing app has started recruiting drivers in Vietnam
With an arguably saturated market it will be interesting to see how easily, if at all, Bolt can gain traction.
Estimated 15 percent increase in Vietnam credit growth in 2024
This is interesting in that credit growth limits were first introduced just over a decade ago to try to keep bank lending and by extension inflation under control, essentially acknowledging that the more money people have to spend the higher inflation will climb. This reality hasn’t changed, however, the connection between inflation and credit growth in Vietnam has, with the former going down this year while the latter has risen.
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