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 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.
Vietnam’s exports to Thailand decline by 6.59 percent in November
On a year-on-year basis, exports to Thailand displayed mixed trends across key product categories. “Other products” grew by 17.68 percent month-on-month, contributing US$147.8 million, while exports of petroleum products plunged by 20.93 percent. Motor vehicles saw a notable 14.50 percent decline, while computers, electrical products, and spare-parts dipped 7.41 percent to US$112.8 million.
Vietnam sees growth in arts, entertainment, and recreation FDI in November
Year-to-date (YTD), the sector has attracted a total of 7 new projects with US$13.2 million in newly registered capital, indicating growth in the sector.
Vietnam’s exports to South Korea decline by 7.22 percent in November
Notably, textiles and garments dropped 46.65 percent month-on-month, while computers, electrical products, spare-parts and components rose significantly by 13.37 percent.
Vietnam’s plastic imports rise 2.1 percent in November, led by China and Taiwan
China remained the top supplier, with imports rising 17.51 percent to US$310.97 million. Taiwan saw notable growth of 22.78 percent, while imports from the UAE surged 38.65 percent. Conversely, Saudi Arabia experienced a sharp decline of 14.03 percent, and Malaysia dropped 13.38 percent.
Vietnam footwear exports jump 6.25 percent in November
The United States remained the largest market, importing US$714.22 million, up 4.11 percent from October. China followed with a substantial increase of 46.99 percent to US$188.19 million, while Japan recorded an 18.14 percent rise to US$98.22 million. South Korea showed remarkable growth, surging 79.87 percent to US$65.48 million.
Vietnam’s beer and malt production sees slight decline in November
In November, the beer and malt production sector grew by 3.29 percent compared to the same month in 2023. However, over the first 11 months of 2024, the IPI for the sector contracted by 1.51 percent compared to the same period in the previous year, suggesting mixed performance trends.
Vietnam’s imports from the United States grow 1.77 percent in November
Vietnam’s imports from the United States reached US$1.27 billion in November, reflecting a month-on-month increase of 1.77 percent, according to Vietnam’s General Department of Customs. On a year-to-date basis, total imports from the US amounted to US$13.56 billion.
In today’s Vietnam news: Ethical / cultural business standards framework, Floating solar project, Embattled construction firm investment spinoff, Raising public debt ceiling, Selling excess
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This is an interview with Chris Walker, a Vietnam Sourcing Expert with Vietnam Factory Tours how rising oil prices and the Middle East crisis are
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This is an interview with Dr Nuno F. Ribeiro, Associate Professor, International Tourism & Hospitality Management at Copenhagen Business College, formerly of RMIT Vietnam. It