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 imports from Japan decline by 11.99 percent in November
Computers, electrical products, and spare parts remained the largest import category but fell sharply by 26.45 percent to US$368.27 million. Machinery, equipment, tools, and instruments also dropped by 12.78 percent to US$342.59 million.
Vietnam sees steady performance in agriculture, forestry, and fisheries FDI in November
Year-to-date (YTD), the sector has attracted a total of 11 new projects and US$94.7 million in newly registered capital, reflecting solid growth for the year.
USDA releases half-year Vietnam Coffee Report
The report notes that 85 percent of Vietnam’s coffee exports are low-value green beans as opposed to higher value processed coffee products along with a few other choice insights.
Another Vietnam international school shuttered on poor financial management
This is significant in that it is another in a series of international school closures on poor financial management. Of note, Green Shoots International School in Hoi An closed down last year leaving parents out of pocket and the American International School Vietnam (AISV) in Ho Chi Minh City was also closed down earlier this year.
African tourist arrivals in Vietnam rise by 3.06 percent in November
Year-to-date, African arrivals reached 47,015, reflecting a significant 33.7 percent growth compared to the same period last year. The growth highlights Vietnam’s growing appeal to travellers from the African continent, supported by increasing connectivity and targeted tourism promotion.
Vietnam’s exports to China decline 7.6 percent in November
Telephones, mobile phones, and parts thereof remained the largest export category, totalling US$1.12 billion, though this marked a sharp decline of 33.65 percent month-on-month. Computers, electrical products, and spare parts surged by 35.89 percent to US$1.10 billion, demonstrating strong demand.
Vietnam’s fabric imports dip slightly in November
China remained Vietnam’s largest supplier, contributing US$866.08 million, though this reflected a slight month-on-month decrease of 2.22 percent. South Korea followed with strong growth, increasing by 14.61 percent to US$138.08 million. Taiwan saw a decline of 5.45 percent, with imports totalling US$117.38 million.
Vietnam’s exports of machinery and equipment decline in November
The USA remained the largest market, with exports reaching US$2.22 billion, despite a decline of 10.54 percent month-on-month. Exports to China were stable at US$301.61 million, reflecting a slight increase of 0.25 percent. South Korea saw a sharp decline of 15.74 percent, with exports totalling US$253.97 million.
Vietnam’s fruit and vegetable processing jumps month-on-month in November
Year-on-year, the sector saw growth of 18.63 percent in November 2024 compared to the same month in 2023. Over the first 11 months of the year, the IPI recorded an increase of 17.23 percent compared to the same period last year, marking it as one of Vietnam’s fastest-growing industries.
Vietnam post and telecommunication prices continue to decline in November
The sector has shown consistent declines throughout 2024, with September at -0.42 percent and August at -0.74 percent. Mid-year figures were even lower, with July and June reporting declines of -1.06 percent and -1.18 percent, respectively.
Vietnam’s diagnostic labs market to reach US$2.17 billion by 2032: Report
The diagnostic labs sector plays a vital role in Vietnam’s healthcare system, offering critical services for medical testing and diagnostics. The rising incidence of chronic illnesses such as diabetes, cardiovascular diseases, and cancer has significantly boosted the demand for diagnostic services, the report says.
Vietnam’s imports from Taiwan record decline .47 percent decline in November
Vietnam imported goods worth US$2.04 billion from Taiwan in November, a slight decline of 0.47 percent compared to October, according to Vietnam’s General Department of Customs. Year-to-date imports amounted to US$20.73 billion.
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…
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
In today’s news: Credit rating improvement target, Vinhomes Pomina Steel loans, Meat imports, Nghi Son refinery performance, Trade returns to surplus, Credit growth numbers,
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