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 sees continued growth in foreign direct investment in November
Year-to-date (YTD), Vietnam has attracted a total of 3,035 new projects with US$31.4 billion in newly registered capital, reflecting strong and consistent growth in foreign direct investment.
Vietnam’s cosmetics imports remain steady in October
China was the leading supplier, contributing US$14.81 million in October, an increase of 12.56 percent month-on-month. Singapore followed with US$32.59 million, though it saw a decline of 3.16 percent. South Korea, another major supplier, recorded an increase of 6.53 percent, reaching US$14.87 million.
Vietnam’s technical fabric exports grow in October, strong YTD performance continues
Year-to-date performance shows robust growth. From January to October, exports in this category totalled US$650.34 million, an 18.2 percent increase compared to the same period in 2023.
Vietnam’s CPI for eating outside the family sees slight increase in November
Eating out is a significant aspect of Vietnam’s modern lifestyle, driven by urbanisation and changing consumer preferences. Restaurants, cafes, and street food establishments contribute significantly to the service economy, reflecting broader trends in consumer spending.
Vietnam’s toy and sports equipment exports grow in October
However, year-to-date performance shows little change. From January to October, the sector’s exports totalled US$3.13 billion, reflecting a slight decline of 0.7 percent compared to the same period in 2023.
Vietnam’s textile and garment exports rise in October, maintain strong year-to-date growth
Year-to-date figures also indicate robust performance. From January to October, exports in this category totalled US$30.57 billion, a 10.5 percent increase compared to the same period in 2023.
Vietnam’s CPI records slight dip in November vs. October
Throughout 2024, the CPI trends have varied significantly. September recorded a rate of 2.63 percent, while August saw a notable peak at 3.45 percent. Earlier in the year, July and June registered higher figures of 4.36 percent and 4.34 percent, respectively.
Vietnam’s industrial production index sees steady growth in November
Year-on-year, the IPI rose by 8.94 percent in November 2024 compared to the same period in 2023. Over the first 11 months of 2024, cumulative growth reached 8.36 percent, demonstrating the vitality of Vietnam’s industrial economy.
Vietnam’s imports of fishery products surge in October
Indonesia was the top supplier, contributing US$31.27 million in October, reflecting a modest increase of 1.78 percent. Norway followed with US$24.26 million, marking a significant 40.27 percent rise. Imports from India surged by 80.12 percent to US$27.27 million, while China saw a 16.12 percent increase to US$20.06 million.
Vietnam’s cosmetics and personal care sector shows strong industrial growth
Year-on-year, the index saw a 5.2 percent growth in October 2024 compared to October 2023, showcasing steady progress in the industry. Over the first ten months of the year, production surged by 12.9 percent compared to the same period in 2023, marking strong year-to-date growth.
Vietnam’s rubber product exports grow in October, maintain steady year-to-date performance
Year-to-date figures also show solid growth. From January to October, exports in this category totalled US$997.12 million, an 11.5 percent increase compared to the same period in 2023.
Vietnam News Roundup: November 29 to December 5
This week’s Vietnam news roundup covers the latest State Bank open market operations, nuclear power developments, infrastructure project approvals, e-commerce regulatory hurdles for Temu, and more…
Vietnam’s automatic circuit breaker import market set for robust growth: Report
The surge in demand, per the report, is attributed to Vietnam’s developing electrical industry, which currently lacks the technical expertise and production capacity to meet domestic needs. As a result, the country relies heavily on imports of circuit breakers and other electrical protection devices.
Vietnam’s plastic exports rise in October, year-to-date figures show significant growth
Year-to-date performance reveals even stronger growth. From January to October, Vietnam exported 2.06 million tonnes of plastics, valued at US$2.26 billion. This marks a 33.6 percent increase in volume and a 28.5 percent rise in value compared to the same period in 2023…
Vietnam’s exports to Belgium see October surge
Vietnam’s exports to Belgium reached US$403.87 million in October, reflecting a significant increase of 43.58 percent compared to September, according to Vietnam’s General Department of Customs. Year-to-date exports have now reached US$3.16 billion.
Vietnam’s textile, footwear materials exports recorded 15.3 percent jump in October
Year-to-date figures also indicate steady growth. From January to October, the sector’s exports totalled US$1.85 billion, a 13.3 percent increase compared to the same period in 2023.
Vietnam’s fabric imports record 4.96 percent increase in October
Vietnam imported fabric worth US$1.32 billion in October, reflecting a 4.96 percent increase compared to September. Year-to-date imports reached US$12.27 billion, according to Vietnam’s General Department of Customs.
China’s Temu semi-halts operations in Vietnam on registration challenges
Of note, Temu was not using a .vn domain name and it seems unlikely it would have reached 100,000 transactions in the few months it has been operating in the country. Ergo, by removing the Vietnamese language website the firm is now compliant–VN Express confirmed this with a representative from the Ministry of Industry.
Vietnam’s exports to Spain record sharp rise in October
Vietnam’s exports to Spain reached US$354.96 million in October, marking an 11.12 percent increase compared to September, according to Vietnam’s General Department of Customs. Year-to-date exports have now reached US$3.41 billion.
Vietnam’s mobile phone exports record slight dip in October, but steady YTD
Despite the slight monthly dip, year-to-date figures reflect solid growth. From January to October, exports in this category reached US$46.47 billion, a 4.9 percent increase compared to the same period in 2023…
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