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 industrial production index sees steady growth in November
Year-on-year, the IPI rose by 8.94 percent in November 2024 compared to the same period in 2023. Over the first 11 months of 2024, cumulative growth reached 8.36 percent, demonstrating the vitality of Vietnam’s industrial economy.
Vietnam’s imports of fishery products surge in October
Indonesia was the top supplier, contributing US$31.27 million in October, reflecting a modest increase of 1.78 percent. Norway followed with US$24.26 million, marking a significant 40.27 percent rise. Imports from India surged by 80.12 percent to US$27.27 million, while China saw a 16.12 percent increase to US$20.06 million.
Vietnam’s cosmetics and personal care sector shows strong industrial growth
Year-on-year, the index saw a 5.2 percent growth in October 2024 compared to October 2023, showcasing steady progress in the industry. Over the first ten months of the year, production surged by 12.9 percent compared to the same period in 2023, marking strong year-to-date growth.
Vietnam’s rubber product exports grow in October, maintain steady year-to-date performance
Year-to-date figures also show solid growth. From January to October, exports in this category totalled US$997.12 million, an 11.5 percent increase compared to the same period in 2023.
Vietnam News Roundup: November 29 to December 5
This week’s Vietnam news roundup covers the latest State Bank open market operations, nuclear power developments, infrastructure project approvals, e-commerce regulatory hurdles for Temu, and more…
Vietnam’s imports of fruit and vegetables remain steady in October
Australia was among the leading suppliers, contributing US$19.22 million in October, despite a decline of 14.40 percent month-on-month. The USA followed closely, with imports increasing by 5.67 percent to US$30.31 million. Imports from Thailand also grew by 5.72 percent, reaching US$5.50 million.
Vietnam’s automatic circuit breaker import market set for robust growth: Report
The surge in demand, per the report, is attributed to Vietnam’s developing electrical industry, which currently lacks the technical expertise and production capacity to meet domestic needs. As a result, the country relies heavily on imports of circuit breakers and other electrical protection devices.
Vietnam’s plastic exports rise in October, year-to-date figures show significant growth
Year-to-date performance reveals even stronger growth. From January to October, Vietnam exported 2.06 million tonnes of plastics, valued at US$2.26 billion. This marks a 33.6 percent increase in volume and a 28.5 percent rise in value compared to the same period in 2023…
Vietnam’s exports to Belgium see October surge
Vietnam’s exports to Belgium reached US$403.87 million in October, reflecting a significant increase of 43.58 percent compared to September, according to Vietnam’s General Department of Customs. Year-to-date exports have now reached US$3.16 billion.
Vietnam’s textile, footwear materials exports recorded 15.3 percent jump in October
Year-to-date figures also indicate steady growth. From January to October, the sector’s exports totalled US$1.85 billion, a 13.3 percent increase compared to the same period in 2023.
Vietnam’s fabric imports record 4.96 percent increase in October
Vietnam imported fabric worth US$1.32 billion in October, reflecting a 4.96 percent increase compared to September. Year-to-date imports reached US$12.27 billion, according to Vietnam’s General Department of Customs.
China’s Temu semi-halts operations in Vietnam on registration challenges
Of note, Temu was not using a .vn domain name and it seems unlikely it would have reached 100,000 transactions in the few months it has been operating in the country. Ergo, by removing the Vietnamese language website the firm is now compliant–VN Express confirmed this with a representative from the Ministry of Industry.
Vietnam C.bank readying itself to resume Forex sales: Local media
Of note, CafeF has reported, citing ‘sources’, that the SBV has advised some local banks that it intends to resume selling foreign currency. This has also been reported by Vietnam Securities Economic Magazine which has noted the intervention price has been set at 25,450–Vietcombank, among Vietnam’s biggest foreign currency traders, was selling US dollars yesterday for 25,475…
Vietnam’s exports to Spain record sharp rise in October
Vietnam’s exports to Spain reached US$354.96 million in October, marking an 11.12 percent increase compared to September, according to Vietnam’s General Department of Customs. Year-to-date exports have now reached US$3.41 billion.
Vietnam’s mobile phone exports record slight dip in October, but steady YTD
Despite the slight monthly dip, year-to-date figures reflect solid growth. From January to October, exports in this category reached US$46.47 billion, a 4.9 percent increase compared to the same period in 2023…
Vietnam’s coal imports jump 4.64 percent in October
Indonesia remained the largest supplier, contributing US$206.47 million, marking a 36.98 percent increase month-on-month. Australia followed with US$174.98 million, showing growth of 32 percent…
Vietnam’s exports to Italy see significant growth in October
Vietnam’s exports to Italy totalled US$469.68 million in October, reflecting a robust increase of 35.62 percent month-on-month. Year-to-date exports to Italy reached US$4.15 billion, according to Vietnam’s General Department of Customs.
FDI inflows from Germany to Vietnam show positive growth in October
Year-to-date figures show a total of 18 new projects and US$93.70 million in newly registered capital, indicating Germany’s ongoing role in Vietnam’s economic development.
Vietnam’s tea exports grow in October, year-to-date performance shows robust growth
Year-to-date figures demonstrate strong growth. From January to October, Vietnam exported 120,306 tonnes of tea, valued at US$211.93 million. This reflects a 28.3 percent rise in volume and a 30.3 percent increase in value compared to the same period in 2023.
Vietnam struggles to disburse foreign loans on site clearance, approval delays
On the issue, the official government newspaper, has comments from several provincial leaders that have all detailed the same sort of problem in that plans are often changed after being approved which has seen delays as approvals for the revised plans have been sought. This often connects with site clearance delays.
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