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 exports to Thailand in October show mixed trends
Vietnam’s exports to Thailand totalled US$635.29 million in October, representing a slight increase of 0.87 percent month-on-month. The year-to-date export value reached US$6.50 billion, according to Vietnam’s General Department of Customs.
Vietnam retail sales for travel and tourism decline
Year-to-date, retail sales in this sector amounted to VND 44.01 trillion, or US$2 billion. While the overall performance remains steady, the October drop highlights challenges in maintaining growth momentum in travel and tourism services.
Vietnam’s pepper exports grow in October, year-to-date value remains strong
Year-to-date figures show mixed results. From January to October, Vietnam exported 218,732 tonnes of pepper, a 3 percent decline in volume compared to the same period in 2023. However, the export value surged by 47 percent, reaching US$1.11 billion, reflecting higher global pepper prices.
Vietnam’s pastry and cereal product exports surge in October
Year-to-date figures further highlight robust performance. From January to October, exports in this category totalled US$995.76 million, a 20.8 percent increase compared to the same period in 2023.
State Bank of Vietnam increases credit limits for some of banks to meet 15 percent target
This is an interesting decision with broad uncertainty around what might happen with respect to the US dollar when Trump assumes the presidency in January, though most economists are expecting a stronger dollar. Bad debts among Vietnam’s banks have also been rising and the country’s US dollar reserves have fallen below the IMF recommended three months worth of imports.
Vietnam’s exports to Australia decline sharply in October
Vietnam’s exports to Australia reached US$471.42 million in October, reflecting a significant drop of 26.05 percent compared to September. The year-to-date export value stood at US$5.50 billion, according to Vietnam’s General Department of Customs.
Vietnam’s transportation exports surge in October, growth steady year-to-date
Year-to-date performance remains solid. From January to October, the sector’s exports totalled US$12.52 billion, a 5.9 percent increase compared to the same period in 2023.
Vietnam retail sales for accommodation and food services decline
In September, sales in this sector were VND 62.45 trillion, equivalent to US$2.46 billion. By October, the figure had declined to VND 59.87 trillion, or US$2.36 billion, marking a month-on-month drop of 4.13 percent.
Vietnam’s exports to the United Kingdom rise 13.1 percent in October
Vietnam’s exports to the United Kingdom totalled US$687.2 million in October, marking a 13.1 percent increase month-on-month. The year-to-date export value reached US$6.36 billion, according to Vietnam’s General Department of Customs.
Vietnam’s base metals and metal product exports grow in October, YTD steady
Year-to-date figures also reflect stable growth. From January to October, exports in this category totalled US$3.47 billion, a 3.6 percent increase compared to the same period in 2023.
Vietnam’s exports to Germany surge in October
Vietnam’s export turnover to Germany reached over US$707.56 million in October, a significant increase of 25.38 percent month-on-month, according to Vietnam’s General Department of Customs. This brings the year-to-date total to US$6.53 billion, demonstrating strong growth in trade with Germany.
Vietnam’s time and attendance software market to double by 2033
The report highlights Vietnam’s expanding workforce, which consisted of over 52.4 million people as of 2023, as a significant driver of this growth. The increasing demand for time tracking solutions is attributed to the country’s rapid economic development and industrialisation.
Vietnam’s paper exports grow in October, year-to-date performance remains stable
Year-to-date performance, however, remains flat. From January to October, paper exports totalled US$1.75 billion, a slight 0.4 percent decrease compared to the same period in 2023…
Vietnam News Roundup: November 22 to November 28
This week’s Vietnam news roundup covers the latest State Bank open market operations, the special consumption tax debate, the new Law on Trade Unions, the latest foreign stock trading activity, and more…
Vietnam sees significant growth in exports to the Netherlands in October
Vietnam’s export turnover to the Netherlands surged in October, reaching over US$1.2 billion, up 19.98 percent month-on-month and bringing the year-to-date figure to US$10.67 billion, according to Vietnam’s General Department of Customs…
Vietnam retail sales for household goods maintain steady growth
In September, sales in this category reached VND 43.09 trillion, equivalent to US$1.70 billion. By October, the figure rose to VND 43.51 trillion, or US$1.71 billion, marking a month-on-month growth of 0.97 percent.
Vietnam’s ore and mineral exports surge in October, but year-to-date volume declines
However, year-to-date performance presents a mixed picture. From January to October, exports totalled 1.71 million tonnes, marking a 28.8 percent decline in volume compared to the same period in 2023. Despite this, export value rose by 11.1 percent, reaching US$174.41 million, likely reflecting higher unit prices.
Vietnam’s manioc exports surge in October, but year-to-date figures decline
From January to October, Vietnam exported 2.09 million tons of manioc and manioc products, valued at US$955.41 million. This represents a 12.7 percent decrease in volume and a 7 percent drop in value compared to the same period in 2023.
Vietnam real estate developer Novaland drops PWC as tax agent
Of note, in September, Novaland recorded its worst half year on record after audited financial reports found huge discrepancies from what was earlier reported by the company. Specifically, the company’s own financial statements reported a profit of VND 3.5 trillion or US$142.2 million, however, an audit found the company had actually made a loss of VND 7.3 trillion or US$296.6 million. This the company largely blamed on its auditors being overly cautious…
Vietnam’s exports to Canada show solid growth in October 2024
Vietnam’s exports to Canada reached a total value of US$592.84 million in October, marking a notable increase of 20.15 percent compared to September…
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