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 insulated wires and cables exports experience minor decline in November
The USA emerged as the largest importer, purchasing US$88.83 million worth of these products, a 5.96 percent increase compared to the prior month.
Vietnam sees significant decline in new financial, banking, and insurance FDI in November
Year-to-date (YTD), the sector has attracted a total of 6 new projects with US$122.1 million in newly registered capital, reflecting a decrease in investment activity compared to previous months.
Vietnam’s concrete and cement products sector faces mixed performance in November
Compared to November 2023, the sector contracted by 13.21 percent, reflecting reduced activity in this category. Despite this, the first 11 months of 2024 showed a cumulative growth of 4.32 percent compared to the same period last year, highlighting its long-term potential despite short-term challenges.
Vietnam sees growth in other service activities FDI in November
Year-to-date (YTD), the sector has attracted a total of 6 new projects with US$168.9 million in newly registered capital, showing growth throughout the year.
Vietnam’s cement, lime, and plaster production shows steady growth in November
Year-on-year, the sector grew by 8.83 percent in November 2024 compared to the same month in 2023. However, the first 11 months of 2024 showed a slight cumulative contraction of 0.17 percent compared to the same period last year, highlighting lingering challenges in earlier parts of the year.
Vietnam’s exports to Hong Kong decline in November
Year-to-date exports to Hong Kong reached US$11.26 billion. Computers, electrical products, spare parts, and components dominated, accounting for US$611.18 million in November with a minimal decline of 0.39 percent.
Vietnam’s fishery exports see a decline in November
Year-to-date fishery exports amounted to US$9.17 billion, with China leading as the top importer, despite a 14.9 percent month-on-month decline to US$167.41 million.
Vietnam’s manufacture of ready-made garments (except apparel) grows steadily in November
Year-on-year, the sector saw a rise of 9.39 percent in November 2024 compared to the same period in 2023. Over the first 11 months of 2024, the IPI for this category recorded a cumulative increase of 5.15 percent compared to the same period last year, demonstrating consistent expansion.
Vietnam sees decline in education and training FDI in November
Year-to-date (YTD), the sector has attracted a total of 33 new projects with US$39 million in newly registered capital, reflecting growth in the sector despite the decline in November.
Vietnam’s imports from Indonesia decline slightly in November
Year-to-date imports from Indonesia totalled US$9.46 billion. Key imported products included coal, which saw a 4.96 percent increase month-on-month to US$216.71 million, and animal, vegetable fats and oils, which declined by 35.49 percent to US$64.43 million.
Vietnam News Roundup: December 13 to December 19
This week’s Vietnam news roundup covers the latest State Bank open market operations, media consolidation in Vietnam, foreign investor activity on the Ho Chi Minh City Stock Exchange, and more…
Vietnam’s exports to the Netherlands decline by 6.08 percent in November
Year-to-date exports amounted to US$11.83 billion. Key export items included computers and electrical products (US$357.9 million, down 3.32 percent), footwear (US$157.6 million, down 9.24 percent), and coffee (US$19.6 million, up 47.57 percent).
Vietnam’s exports of transportation parts decline by 7.62 percent in November
Year-to-date exports totalled US$13.77 billion. The United States was the leading destination with exports of US$298.4 million, up by 12.34 percent month-on-month.
Vietnam’s woven fabric production sees robust growth in November
Year-on-year, woven fabric production experienced substantial growth of 17.03 percent in November 2024 compared to the same period in 2023. Over the first 11 months of 2024, the sector recorded an 11.95 percent increase compared to the same period last year, underscoring its key role in Vietnam’s industrial performance.
Vietnam’s already relatively small press set to get smaller under consolidation plan
Notably, the absence of local press analysis of this change, given that it seems likely at least some jobs will be lost with few alternative job options for journalists, speaks volumes to the challenges the industry faces in and of itself.
Vietnam’s imports of mobile phones and parts drop by 9.5 percent in November
On a year-to-date basis, imports have reached US$9.43 billion. China remains the dominant supplier despite a 12.84 percent monthly decline, contributing US$851.4 million. South Korea saw a notable increase of 67.62 percent, reaching US$34.8 million, while Japan recorded sharp growth of 180.04 percent to US$531.8 million.
Former Trump security advisor spruiks Vietnam-US trade potential
Of interest, however, is that it was cited by Eric Olander of the China Global South Project in an editorial in which Olander uses O’Brien’s article to catapult into a comparison of the economic might and abilities of Vietnam versus China…
Finnish ETF increases stake in key Vietnam Mercedes-Benz distributor
Finland’s PYN Elite fund has increased its holding in Vietnam’s Haxaco, a key Mercedes-Benz distributor. The fund now holds 6.8 percent of the company up from 4.8 percent.
Vietnam’s wood and wooden product exports dip by 4.8 percent in November
Exports to the USA dropped by 2.64 percent to US$827.3 million, while China and Japan saw sharp declines of 16.59 percent and 15.70 percent, respectively.
Vietnam’s fiber production continues steady growth in November
Year-on-year, fiber production saw significant growth of 10.03 percent in November 2024 compared to the same period in 2023. Over the first 11 months of 2024, the IPI for the sector expanded by 12.68 percent compared to the same period last year, underlining its robust performance as one of Vietnam’s industrial strengths.
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