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Day: July 1, 2024

Vietnam Industrial Production Index gains 10.9 points in June

the-shiv July 1, 2024

Vietnam’s Industrial Production Index recorded a gain of 10.9 points in the twelve months to June of 2024. This is the fourth consecutive month that an increase has been recorded. The biggest gains were in: services related to printing, rubber and plastic goods manufacturing, and plastic goods manufacturing. Conversely the biggest falls were in: production of batteries and accumulators, natural gas exploitation, and production of toys and games…

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Hong Kong pharmaceuticals chain Watsons opens first Vietnam-based street store

the-shiv July 1, 2024

Vietnam’s ageing population is a powerful driver for growth in the pharmacy retail market. By 2035, one-fifth of Vietnamese people will be over 60 years of age, according to the United Nations. This demographic shift is driving surging healthcare demand in Vietnam–in 2020, Vietnam had the second-highest healthcare expenditure, as a percentage of GDP, in Southeast Asia, and per capita spending is projected to rise by 9.2 percent annually until 2025,  according to a 2020 American Chamber of Commerce in Vietnam–known locally as AmCham–report…

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Key Vietnam manufacturing index (S&P’s PMI) records big jump in June

the-shiv July 1, 2024

S&P Global’s Vietnam Purchasing Managers’ Index has jumped to 54.7 up from 50.3 a month earlier. This is on the back of a sharp rise in new orders that S&P says experienced the highest growth since the index began, aside from the very first month it went online. Whereas this is good news for the manufacturing industry and Vietnam’s economy more broadly, as the import of raw materials increases it is likely more US dollars will be needed. This means increasing pressure on the local currency which is already strained…

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Thai retailer kicks off construction of new mall in northern Vietnam

the-shiv July 1, 2024

Of note, Central Retail’s new mall aligns with the expansion plans of other major players in Vietnam’s retail industry, such as Japan’s Aeon, and South Korea’s Lotte Retail, as well as homegrown Masan, and Vincom Retail, which owns and leases-out a range of commercial spaces around Vietnam. It intends to open six new shopping malls in 2024. This is partly due to a positive outlook for Vietnam’s retail space rentals and the significant development potential of the retail market…

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