Manufacturing & Industry
This category focuses on industrial production, from electronics and textiles to automotive and heavy industry. It covers FDI trends, supply chain developments, factory expansions, and government regulations shaping the industrial landscape. As a key driver of economic growth, manufacturing plays a crucial role in global supply chains, technological advancements, and industrial competitiveness.
Vietnam’s iron and steel products exports rise by 23.05 percent in December
Vietnam’s iron and steel products exports total US$4.59 billion for 2024.
Vietnam’s cosmetics and toiletries production posts steady annual growth
Year-on-year, the sector declined by 7.4 percent in December compared to December 2023. However, for the full year of 2024, cumulative growth reached 8.3 percent compared to 2023, demonstrating a solid annual performance despite the December dip.
Vietnam’s imports of animal and vegetable fats and oils rise by 4.90 percent in December
Indonesia was the largest supplier, contributing US$78.64 million, a 22.05 percent increase from November. Imports from Australia and India also saw significant growth, rising by 39.61 percent and 21.57 percent, respectively. The “Other” category experienced the highest growth, increasing by 22.41 percent to US$5.87 million.
Vietnam’s chemical product imports increase by 5.65 percent in December
China remained the largest supplier, exporting US$290.89 million worth of chemical products, reflecting a 10.66 percent month-on-month increase. South Korea followed, contributing US$80.40 million, a 7.21 percent rise. Imports from Thailand and Germany also showed significant growth, rising 8.20 percent and 10.01 percent, respectively.
What Recent Traffic Reforms Say About Doing Business in Vietnam
Change is afoot on the typically chaotic streets of Vietnam with significantly increased fines introduced at the start of the year for a myriad of traffic violations. These changes can in many ways be seen as a proxy for Vietnam’s economic development more broadly. Here’s how.
Samoa sees jump in foreign direct investment in Vietnam in December
In 2024, Samoa recorded investments in in Vietnam to the tune of 45 new projects with US$855.55 million in newly registered capital…
Vietnam’s Binh Duong continues strong FDI performance in 2024
The ongoing growth in FDI highlights Binh Duong’s continued attractiveness as a key industrial and manufacturing hub in Vietnam…
Vietnam’s insulated wires and cables exports rise by 3.81 percent in December
The rise in exports was driven by significant growth in shipments to the USA, which saw a 14.18 percent increase, amounting to US$101.43 million. Exports to Australia also showed strong growth, increasing by 47.99 percent, reaching US$4.21 million.
Vietnam household equipment and appliances prices in December 2024
Over the full year, prices for household equipment and appliances showed an overall increase of 1.27 percent compared to 2023, indicating a modest growth trend for the sector.
Vietnam’s pharmaceutical production grows steadily in 2024
Year-on-year, the sector posted a modest growth of 0.5 percent in December compared to December 2023. However, for the full year of 2024, cumulative growth reached 7.3 percent compared to 2023, highlighting consistent annual progress.
Vietnam’s iron and steel exports decline by 11.08 percent in December
Vietnam’s iron and steel exports total US$9.08 billion for 2024, reflecting strong demand despite the month-on-month decline.
Switzerland sees decline in foreign direct investment in Vietnam in December
In 2024, Switzerland invested in 13 new projects with US$103.21 million in newly registered capital…
Vietnam’s imports of essential oils, cosmetics, and toiletries rise by 3.28 percent in December
Singapore remained the largest supplier, contributing US$33.81 million, though this marked a slight decline of 2.28 percent compared to November. South Korea recorded the highest growth, with imports rising by 28.95 percent to US$22.42 million. France and Italy also posted significant increases, with imports growing by 25.12 percent and 24.95 percent, respectively.
Vietnam’s higher education market projected to grow by US$616.5 million by 2029
Vietnam’s higher education market is forecast to expand by US$616.5 million, growing at a compound annual growth rate (CAGR) of 15.6 percent from 2024 to 2029, according to a report from Technavio…
Vietnam’s footwear manufacturing sees significant growth in 2024
Year-on-year, the sector posted a robust growth of 23.5 percent in December 2024 compared to December 2023. For the full year of 2024, cumulative growth reached 13.7 percent compared to 2023, highlighting strong performance throughout the year.
Vietnam’s electronics and computer sector posts strong annual growth
Year-on-year, the sector grew by 8.0 percent in December compared to December 2023. Over the full year of 2024, cumulative growth reached 8.3 percent compared to 2023, highlighting the sector’s robust performance despite the monthly dip.
Vietnam medicines and medical services prices up in December 2024
For the full year, the sector experienced a significant rise of 7.16 percent compared to 2023, reflecting ongoing cost pressures and increased demand for healthcare services and pharmaceuticals.
Vietnam’s handbags, purses, suitcases, headgear, and umbrellas exports rise by 7.03 percent in December
Vietnam’s exports of these products total US$4.25 billion for 2024…
Vietnam’s milk and dairy processing industry sees steady growth
Year-on-year, the sector grew by 5.7 percent in December 2024 compared to the same period in 2023. For the full year of 2024, cumulative growth stood at 3.5 percent compared to 2023, reflecting a steady upward trend in the industry.
Vietnam’s glass and glassware imports rise by 14.37 percent in December
China led as the largest supplier, contributing US$75.09 million, a 13.36 percent increase compared to November. Malaysia and Indonesia posted remarkable growth, with imports rising by 40.82 percent and 159.56 percent, respectively. Imports from Thailand and the USA also showed strong growth, increasing by 37.85 percent and 78.88 percent, respectively.
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