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 Ho Chi Minh City sees strong FDI growth in 2024
The growth in FDI in Ho Chi Minh City highlights the continued strength of the city as Vietnam’s economic and industrial powerhouse.
Germany sees decline in foreign direct investment in Vietnam in December
In 2024, Germany invested in 24 new projects with US$118.54 million in newly registered capital…
Vietnam’s crude oil imports rise by 32.05 percent in December
Kuwait remained Vietnam’s largest crude oil supplier, contributing US$578.56 million in December, a 28.81 percent increase from the previous month. Imports from other sources collectively rose by an impressive 75.88 percent, reaching US$58.40 million.
Vietnam drinks and tobacco prices edge higher in December 2024
Year-on-year, drinks and tobacco prices were up 2.40 percent in December 2024 over December 2023. For the full year, prices in this category rose by 2.42 percent compared to 2023.
Vietnam’s iron and steel production sees steady growth in 2024
Year-on-year, the sector grew by 5.6 percent in December 2024 compared to December 2023. For the full year of 2024, cumulative growth reached 9.5 percent compared to 2023, reflecting consistent progress throughout the year.
Vietnam’s car production estimated to reach 388,500 units in 2024
In November 2024, the country produced 52,400 units of cars, maintaining a strong output despite a slight decrease in December.
Vietnam’s glass and glassware exports rise by 5.02 percent in December
Vietnam’s glass and glassware exports total US$1.19 billion for 2024…
Vietnam’s construction sector sees decline in FDI in December
In 2024, the sector attracted a total of 52 new projects with US$642.77 million in newly registered capital…
Vietnam’s yarn exports rise by 4.67 percent in December
Vietnam’s yarn exports total US$4.41 billion for 2024, reflecting continued demand across a variety of global markets.
Pushback on compulsory motorbike insurance surfaces in Vietnam
Vietnam’s Ministry of Finance has received pushback on compulsory motorcycle insurance which was codified in Decree 67 back in 2023. The pushback has centered around challenges getting paid out in the event a claim is made, according to a write-up in VietnamNet.
New Vietnam traffic law causing productivity concerns for logistics industry
A 48 hour limit on driving hours for truck drivers outlined in the 2024 Law on Road Traffic Order and Safety is gaining traction as an issue among local logistics firms…
Vietnam’s plastic product imports rise by 5.09 percent in December
China remained the largest supplier, exporting US$502.44 million worth of plastic products, a month-on-month growth of 5.05 percent. South Korea followed with US$125.64 million, increasing by 3.72 percent. Japan’s exports also rose by 4.63 percent, reaching US$74.45 million.
Vietnam’s milk powder production estimated to reach 145,500 tons in 2024
In November 2024, the country produced 12,800 tons of milk powder, showing consistent output despite a slight increase in December.
Poland sees decline in foreign direct investment in Vietnam in December
In 2024, Polish firms invested in 2 new projects in Vietnam with US$45 million in newly registered capital…
Vietnam’s non-wood furniture exports rise by 12.88 percent in December
Vietnam’s non-wood furniture exports total US$3.41 billion for 2024, reflecting strong demand…
Vietnam’s toy and game production falls in 2024
Year-on-year, the sector contracted by 6.8 percent in December 2024 compared to December 2023. For the full year, cumulative production decreased by 1.6 percent in 2024 compared to 2023, highlighting ongoing challenges in this industry.
Vietnam’s wood and wooden products exports rise by 8.15 percent in December
Vietnam’s wood and wooden products exports total US$16.28 billion for 2024, driven by robust demand across major markets, including the USA and Japan.
Vietnam’s chemical imports rise by 10.45 percent in December
China remained the largest supplier, exporting US$308.37 million worth of chemicals, a month-on-month growth of 10.00 percent. Taiwan followed with US$61.32 million, rising 9.86 percent. Significant growth was also observed from Japan, with imports increasing by 32.67 percent to US$49.22 million, and South Korea, which rose by 24.13 percent to US$45.82 million.
Russia sees decline in foreign direct investment in Vietnam in December
In 2024, Russian firms invested in 17 new projects in Vietnam with US$18.18 million in newly registered capital…
Vietnam’s manufacturing and processing industry FDI jumps in December
In 2024, the manufacturing and processing industry attracted a total of 1,169 new projects with US$25.58 billion in newly registered capital.
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