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 rolled steel production estimated to reach 18.55 million tons in 2024
In November 2024, the country produced 1.57 million tons of rolled steel, maintaining a solid output despite a slight decrease in December.
Vietnam’s computer and electronic product imports rise in December 2024
Year-to-date imports for these products totalled US$107.05 billion, underscoring Vietnam’s growing demand for technology and components vital to its manufacturing sector. China remained the top supplier, exporting US$3.05 billion worth of goods, marking a 2.68 percent monthly increase. Thailand exhibited the most substantial growth with a remarkable 60.71 percent rise in December.
Japan sees decline in foreign direct investment in Vietnam in December
In 2024, Japan invested in 270 new projects with US$3.5 billion in newly registered capital.
Vietnam’s Dong Nai province sees steady FDI growth in December
This steady increase in FDI showcases Dong Nai’s continued appeal to foreign investors, particularly in the manufacturing and industrial sectors, which are vital to the province’s economy.
Vietnam post and telecommunication prices decline in 2024
For the full year 2024, costs decreased by 1.02 percent compared to 2023, reflecting continued downward trends in telecommunications prices due to increased competition and the introduction of cost-effective digital solutions.
UK sees stable foreign direct investment in Vietnam in December
In 2024, the UK invested in 44 new projects with US$241.30 million in newly registered capital.
Vietnam outbound FDI tops US$664 million in 2024
In 2024, Vietnam’s total investment abroad is expected to reach nearly US$664.8 million, a 57.7% increase from 2023, according to a press release from the Ministry of Planning and Investment. This was spread across 164 new projects and 26 capital adjustments abroad.
Vietnam car sales slump by over 30 percent in December over November
Year-to-date sales for 2024 stood at 295,979 units, reflecting a 7 percent increase year-on-year. Despite the monthly decline, buses demonstrated the most substantial annual growth at 31 percent, totalling 7,748 units sold in 2024.
Vietnam’s chemical production shows steady annual growth in 2024
Year-on-year, the sector experienced a decline of 3.2 percent in December compared to December 2023. However, cumulative production for the full year of 2024 grew by 11.9 percent compared to 2023, reflecting solid overall annual growth despite fluctuations.
Vietnam’s beer and malt production rises in December but records mostly stagnant 2024
Year-on-year, the sector grew by 8.5 percent in December 2024 compared to December 2023. However, for the full year of 2024, cumulative production declined slightly by 0.1 percent compared to 2023, indicating stagnation in overall annual output.
Vietnam’s miscellaneous service activities sector sees strong growth in December
In 2024, the sector attracted a total of 9 new projects with US$169,500 in newly registered capital.
Vietnam’s health and social assistance sector sees strong December FDI growth
In 2024, the sector attracted a total of 2 new projects with US$95.37 million in newly registered capital.
Vietnam eating out prices record steady growth in December
Year-on-year, prices were up 3.95 percent in December 2024 compared to the same month in 2023. For the full year, prices for dining out rose by 3.99 percent over 2023.
Vietnam’s processing and manufacturing industry shows strong annual growth
Year-on-year, the industry expanded by 10.2 percent in December 2024 compared to the same month in 2023. Over the full year of 2024, cumulative growth reached 9.6 percent compared to 2023, underlining the strong performance of this key sector.
Taiwan sees decline in foreign direct investment in Vietnam in December
In 2024, Taiwan invested in 187 new projects with US$2.08 billion in newly registered capital.
Vietnam News Roundup: January 2 to January 9
This week’s Vietnam news roundup covers the latest State Bank open market operations, VinHomes latest credit rating from Fitch, 2024 economic data from the General Office of Statistics, and more…
Vietnam Business Climate Index records unusual jump in Q4
The European Chamber of Commerce in Vietnam’s Business Confidence Index for the fourth quarter of 2024 has recorded a jump of 15.5 points over the third quarter of the year. It should be noted, however, that the number of respondents was well below average for the year and given the time of year the results may be skewed.
Vietnam’s non-alcoholic beverages, mineral water production shows steady December growth
Year-on-year, the sector recorded a modest growth of 1.7 percent in December compared to the same month in 2023. For the entire year of 2024, cumulative growth reached 3.7 percent compared to 2023, reflecting steady progress in the industry.
Vietnam’s wood processing sector shows robust annual growth
Year-on-year, the sector grew by 13.3 percent in December compared to December 2023. For the entire year of 2024, cumulative growth reached 8.5 percent compared to 2023, indicating strong performance throughout the year.
Bolt Ride hailing app has started recruiting drivers in Vietnam
With an arguably saturated market it will be interesting to see how easily, if at all, Bolt can gain traction.
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