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 machinery exports rise in October, year-to-date growth remains robust
Year-to-date figures reveal even stronger growth. From January to October, exports in this category totalled US$43.05 billion, representing a 21.5 percent increase compared to the same period in 2023.
Revised Vietnam Law on Trade Unions passes NA, impact re: Convention 87 unclear
Specifically, to be compliant with these agreements Vietnam needs to ratify the International Labour Organisation Convention 87. This would require allowing trade unions to be established independent of the Vietnam General Confederation of Labour with which all labour unions must currently be affiliated…
Vietnam postbiotic food supplement market to reach US$8.4 million by 2031
Several factors are contributing to this expansion. Increased consumer awareness about gut health and overall wellness is driving demand for dietary supplements, particularly those focused on digestive health. The growing trend of preventive healthcare, with an emphasis on products that support immune function and digestion, is also boosting market prospects.
Vietnam retail sales for garments show slight increase in October
In September, sales in the garment category reached VND 20,686 billion, equivalent to US$0.81 billion. This figure edged up in October to VND 20,787 billion, or US$0.82 billion, reflecting a month-on-month increase of 0.49 percent.
Vietnam’s iron and steel exports remain steady in October
Year-to-date performance demonstrates robust growth. From January to October, Vietnam exported 11.03 million tonnes of iron and steel, valued at US$7.96 billion. This represents a 20.9 percent increase in volume and a 14.7 percent rise in value compared to the same period in 2023.
USA contributes US$44 million in FDI to Vietnam’s October tally
Year-to-date, US investors have launched 92 projects with a total registered capital of US$223.71 million, highlighting consistent engagement from American businesses. These investments reflect the strengthening economic ties between the two nations, with the US focusing on industries such as manufacturing, technology, and renewable energy in Vietnam.
Vietnam’s insulated wires and cables exports rise in October, year-to-date growth remains modest
Year-to-date figures show modest growth. From January to October, the sector’s exports totalled US$2.88 billion, a 3.3 percent increase compared to the same period in 2023.
VinFast is set to start work on a new 300,000 unit capacity factory in Ha Tinh
This will effectively double VinFast’s production capacity in Vietnam to 600,000 units with its Hai Phong factory reportedly capable of producing 300,000 units a year too. Notably, year-to-date VinFast has sold just 51,000 units, many of which it sold to affiliated company, Xanh GSM. With this in mind, it’s not clear what the business case for a new factory in Ha Tinh might be.
Vietnam’s exports to Brazil grow 9 percent in October, boosted by tech and rubber products
Vietnam’s exports to Brazil reached US$233.25 million in October, marking a 9.07 percent increase from September, according to recent trade data. This growth highlights Brazil’s importance as a key market for Vietnamese goods, according to Vietnam’s General Department of Customs.
Rethinking Financing Vietnam’s Clean Energy Transition
That is to say, practically speaking, the implementation of Vietnam’s JETP agreement looks to have stalled. That being the case, it might be time to start considering other options.
Bank at centre of Vietnam fraud case cuts withdrawal limits
Saigon Commercial Bank, which was put under ‘special administration’ by the State Bank of Vietnam in October of 2022, has announced it will be limiting withdrawals to VND 10 million or about US$393 a day. This is down from VND 100 million or US$3,930 a day…
Vietnam’s furniture manufacturing sector sees robust annual growth
Vietnam’s industrial production index data reveals a 4.5 percent increase in output from September 2024, reflecting stable month-over-month growth driven by steady demand in both domestic and export markets…
Vietnam retail sales for vehicles and spare parts see robust growth
Year-to-date, sales for vehicles and spare parts amounted to VND 181.28 trillion, or US$7 billion. This growth highlights the sector’s importance within Vietnam’s retail market, fuelled by a rising need for affordable transportation and associated spare parts…
Vietnam’s handbags and accessories exports rise in October, year-to-date growth steady
Year-to-date performance also shows steady progress. From January to October, exports in this category totalled US$3.43 billion, a 12.1 percent increase compared to the same period in 2023.
Vietnam’s glass and glassware exports up in October
Year-to-date figures highlight substantial growth. From January to October, glass and glassware exports totalled US$971.86 million, a significant 43.5 percent increase compared to the same period in 2023…
Arts and entertainment sector gains FDI boost with new project in October
Year-to-date, the sector has attracted six projects, bringing the total registered capital to US$12.48 million. Although investment levels in arts and entertainment remain relatively modest compared to other sectors, this October investment indicates some interest in Vietnam’s cultural and recreational industries.
Vietnam retail sales for household goods maintain steady growth
In September, sales in this category stood at VND 6.10 trillion, equivalent to US$0.24 billion. By October, the figure dropped to VND 5.48 trillion, or US$0.22 billion, marking a month-on-month decrease of 10.25 percent…
Hai Phong Port joint venture secures US$156 million for international container terminals
The joint venture will operate two international container terminals, No. 3 and 4, as part of the Hai Phong International Gateway Port project in Lach Huyen. These terminals are expected to handle an annual cargo output of 1.1 million TEUs, significantly boosting the region’s container handling capacity.
Vietnam’s non-wood furniture exports rise in October, year-to-date growth remains strong
Year-to-date figures further highlight the sector’s strong performance. From January to October, exports in this category totalled US$2.71 billion, a 33.5 percent increase compared to the same period in 2023.
Vietnam’s furniture manufacturing sector sees robust annual growth
Year-over-year, production surged by 28.2 percent compared to October 2023, indicating substantial growth in the furniture industry as global demand for Vietnamese furniture continues to expand. Cumulatively, production from January to October 2024 rose by 24.8 percent over the same period in 2023…
In today’s Vietnam news: Ethical / cultural business standards framework, Floating solar project, Embattled construction firm investment spinoff, Raising public debt ceiling, Selling excess
In today’s Vietnam news: GS TL on AI, Saigon Economic Times last issue, Fuel prices cut, Vinhomes issuing more bonds, Counterfeit Korean cosmetics store,
In today’s Vietnam news: Power supply imports, Hanoi boulevard project protests, Antidumping duties coming for boxes, Maersk container terminal project Hanoi, Vinpearl foreign investment,
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