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Day: October 31, 2024

Vietnam’s Fabric Manufacturing Industry: Overview 2024

Vietnam’s fabric manufacturing industry plays an essential role in supporting the country’s textile and garment sector, which is a major contributor to the economy. In 2024, the industry is experiencing steady growth, driven by demand from both domestic and international markets. As one of the world’s largest garment exporters, Vietnam relies heavily on fabric manufacturing to meet the needs of its apparel industry and reduce dependency on imported materials.

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Vietnam’s pharmaceutical production increase 1 point on Industrial Production Index

Compared to the same period last year, the pharmaceutical sector posted an impressive 15.4 percent increase, highlighting robust year-on-year growth driven by rising demand for medical products. For the first nine months of 2024, production in this category grew by 10.6 percent over the same period in 2023. This sustained growth reflects Vietnam’s efforts to expand its domestic pharmaceutical production capabilities.

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