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 sees a decline in construction sector FDI in November
Year-to-date (YTD), the sector has attracted a total of 50 new projects with US$628 million in newly registered capital, showing a significant year-over-year increase in investment despite the decline in November.
Tourist from Oceania to Vietnam grow by 7.35 percent in November
Australia led the way with 44,039 arrivals in November, up by 9.03 percent from October, while New Zealand contributed 4,162 tourists, marking a slight decline of 8.22 percent. Other Oceania countries added 140 visitors, an increase of 35.92 percent.
Vietnam’s exports to the USA record slight November decline
Machinery, equipment, tools, and instruments led the export categories, contributing US$2.22 billion, though this marked a 10.54 percent decline month-on-month. Computers, electrical products, and spare parts followed at US$1.80 billion, down 0.65 percent.
Vietnam’s imports of machinery and equipment increase in November
China remained the top supplier, with imports increasing by 8.11 percent to US$2.72 billion. South Korea contributed US$412.03 million, marking a slight growth of 2.01 percent, while the USA recorded a 5.34 percent increase, totalling US$96.87 million.
Vietnam’s exports of telephones and mobile phones record sharp November decline
China was the largest market, receiving US$1.12 billion in November, but this represented a significant decline of 33.65 percent month-on-month. The USA followed with US$642.82 million, down 7.68 percent. South Korea saw a decrease of 13.16 percent, with exports totalling US$263.32 million.
Vietnam’s aquatic products processing jumps in November
Year-on-year, the sector saw substantial growth of 15.53 percent in November 2024 compared to the same month in 2023. Over the first 11 months of 2024, the IPI for this sector increased by 9.72 percent compared to the same period last year, highlighting its strong performance in driving industrial growth.
Vietnam’s imports of computers and electronic products decline in November
China was the largest supplier, with imports growing by 6.77 percent to US$2.97 billion. South Korea followed, contributing US$2.82 billion but reflecting a decline of 2.69 percent month-on-month. Taiwan saw imports decrease by 5.35 percent to US$1.26 billion.
Vietnam News Roundup: December 6 to December 13
This week’s Vietnam news roundup covers the latest State Bank open market operations, the latest tourist arrivals data, the Consumer Price Index for November, and a bunch of other data released this week…
Vietnam medicines, medical services prices report sharp November decline
The Consumer Price Index (CPI) for medicines and medical services in Vietnam experienced a significant decrease of 3 percent in November compared to October, reaching 5.28 percent, according to Vietnam’s General Statistics Office.
Vietnam’s imports from South Korea see slight decline in November
The largest import category was computers, electrical products, and spare parts, which amounted to US$2.82 billion, though this represented a decline of 2.69 percent month-on-month…
Vietnam sees strong growth in accommodation and food services FDI in November
Year-to-date (YTD), the sector has attracted a total of 36 new projects with US$101 million in newly registered capital, reflecting strong growth in this area.
European tourist arrivals in Vietnam grow by 27.49 percent in November
Year-to-date, European arrivals totalled 1,782,578, representing a 23.6 percent growth compared to the same period last year. Among key contributors, France led with 33,027 visitors in November, a 44.16 percent increase from October.
Vietnam bond market continues upward momentum in November
Year-to-date, 362 private placements have been made, raising VND 342,716 billion (or US$13.71 billion), alongside 21 public offerings worth VND 32,114 billion (or US$1.28 billion)…
Vietnam’s food processing, manufacturing production jumps in November
Year-on-year, the sector achieved notable growth of 10.91 percent in November 2024 compared to the same period in 2023. Over the first 11 months of 2024, the IPI for food processing and manufacturing rose by 7.65 percent compared to the same period last year, underscoring its significant contribution to Vietnam’s industrial output.
Vietnam’s vape ban hits a nerve with pro-vaping group
Of note, Vaping360 a vaping retailer and pro-vape website has covered this issue in a somewhat aggressive op-ed. But whereas the tone and wording might be a smidge hyperbolic it does raise a good point in that Vietnam has one of highest smoking rates in the world and therefore banning a less-harmful alternative does seem counterproductive.
NVIDIA announces intentions to buy Vietnam’s VinBrain
Whereas this has been heralded as a coup for Vietnam’s tech sector–VietnamBiz has gone so far as to suggest this supports the thesis that Vietnam is is becoming a ‘promised land’ for global tech firms– it’s difficult to know exactly what this might mean on a practical level at this point in time.
Vietnam’s household equipment and appliance prices record November increase
Throughout 2024, the sector has experienced stable, gradual growth. September’s CPI stood at 1.17 percent, while mid-year figures remained consistent, with 1.14 percent in August and 1.15 percent in July…
Vietnam sees significant drop in transport and warehouse FDI in November
Year-to-date (YTD), the sector has attracted a total of 102 new projects with US$462 million in newly registered capital, showing that the sector’s performance has fluctuated over the course of the year.
Vietnam trade records slight fall in November but strong year-on-year gains
Exports in November totalled US$33.73 billion, down 5.3 percent from October. Imports for the same period reached US$32.67 billion, representing a 2.8 percent decline. This brought Vietnam’s trade balance for the month to a surplus of US$1.07 billion, reflecting a sustained positive trend despite the slowdown.
Vietnam’s exports of computers and electronics record 5.42 percent November jump
The USA remained the largest market, with exports amounting to US$1.80 billion, despite a slight decline of 0.65 percent month-on-month.
In today’s Vietnam news: Calls for end compulsory motorbike insurance, Automotive tech-transfer list update requested, Average interest rates 11 percent, Diamond retailers closing, SCB
In today’s Vietnam news: Plan to limit ownership term housing abandoned, Secondary apartment prices Hanoi falling, ADB pushes higher productivity growth, VND forecast relative
In today’s Vietnam news: Facebook account theft ring shut down, Minimum wage to rise from Jan 1, Nuclear power project reorganisation proposed, No jail
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