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 retail sales for food record moderate growth in October
Cumulatively, year-to-date retail sales in the food sector amounted to VND 1.3 quadrillion, or US$52 billion. This performance underlines the sector’s stable contribution to Vietnam’s retail market, driven by consistent domestic consumption patterns…
National Assembly goes big and broad in Vietnam excise tax debate
Votive papers and plastic bags, gasoline, air conditioners, beer, and sugar are just some of the items being considered to either be added to the tax or removed from it…
HCMC labour shortages ongoing concern in lead up to Tet
The article carries interviews with several migrant workers that have complained costs are too high in the city and highlights satellite industrial hubs like Binh Duong as more affordable with a better quality of life…
Jeil Logistics expands investment in Nam Dinh Vu Industrial Park by US$21 million
This investment reflects Jeil Logistics’ commitment to strengthening its operations in Vietnam, a key hub for global trade and supply chains. The strategic location of Nam Dinh Vu Industrial Park, with its proximity to ports and transportation networks, enhances the project’s capacity to deliver efficient logistics solutions.
Vietnam’s electrical equipment manufacturing sector sees strong year-over-year gains in October
Overall, electrical equipment manufacturing surged by 9.9 percent from September 2024 and recorded a substantial 15.4 percent increase compared to October 2023. Year-to-date growth in this segment stood at 10.8 percent, driven by rising demand for electrical infrastructure and equipment both domestically and for export…
Vietnam retail sales see marginal growth in October
Year-to-date, total retail sales amounted to VND 4,833.76 trillion, or US$190 billion. This cumulative performance underscores the robust demand in Vietnam’s retail market, driven by both general goods and services.
Vietnam Report releases list of top pharma companies, pharma distributors
Market research firm Vietnam Report has compiled a list of the top ten pharmaceutical companies in Vietnam and the top ten pharmaceutical distributors. The results were determined by looking at the firms’ financial performance and analysing media coverage as well as through a survey conducted between October and November of this year…
Bitcoin price jump sparks flurry of interest in Vietnam
News outlet An Nhin Tu Do, which cites several of the aforementioned ‘studies’, the most extreme of which estimates crypto ownership by 25.9 million Vietnamese or one in four people, has suggested the jump in price has made Vietnamese crypto investors ‘restless’. It goes on to cite Financial expert Phan Dung Khanh as saying that Vietnamese crypto investors tend to trade based on a fear of missing out (READ: buy into hype)…
Chinese FDI in Vietnam reaches US$3.61 billion year-to-date, October shows steady growth
The high number of projects in October highlights China’s continued commitment to investing in Vietnam, particularly in sectors like manufacturing, energy, and infrastructure. Despite a lower investment value in October compared to September, the steady increase in the number of projects underscores the expanding footprint of Chinese enterprises in Vietnam…
Vietnam Advance Film Material increases investment in northern Vietnam industrial park by US$60 million
The facility specialises in producing PV film, a critical supporting layer for photovoltaic panels, with an annual production capacity of 155,000 tons. The project creates employment for 231 workers and is expected to generate an annual export value of US$60 million…
Vietnam’s footwear exports surge in October, maintain strong year-to-date growth
Year-to-date figures also show solid growth. From January to October, Vietnam exported footwear worth US$18.57 billion, a 12.9 percent increase compared to the same period in 2023…
Korean FDI in Vietnam hits US$3.56 billion year-to-date, with strong October performance
October 2024 saw a notable rise in Korean FDI, with 76 new projects valued at US$663 million. This marked a significant increase compared to September, which recorded only 26 projects worth US$1.05 billion. The surge in October highlights the continued confidence of Korean investors in Vietnam’s economic potential…
Moons’ Industries increases investment in VSIP Industrial Park by US$69 million
The project focuses on producing precision motors, motion transmission motors, LED sources, and similar components, with a production capacity of 990,000 product sets annually. It has created employment opportunities for 100 workers and is expected to contribute approximately US$50 million in annual exports.
Vietnam’s electronics sector posts mixed production results in October
The production of electronic products, computers, and optical products grew by 2.8 percent from September 2024, while the year-over-year increase for October reached 4.1 percent. Cumulatively, production in this segment rose by 8.8 percent from January to October compared to the same period in 2023…
Vietnam’s motor vehicle manufacturing sector sees exceptional year-over-year growth
The primary motor vehicle manufacturing segment grew by 7.1 percent from September 2024 and recorded an impressive 24.8 percent increase compared to October 2023. Year-to-date growth reached 14.0 percent, reflecting strong demand for vehicles and Vietnam’s expanding capabilities in automotive production.
Japanese FDI in Vietnam reaches US$3.01 billion year-to-date, October sees significant increase
The October surge underscores Japan’s growing confidence in Vietnam as a key investment destination. With year-to-date figures indicating strong contributions, Japanese investments are primarily directed towards manufacturing, technology, and infrastructure, aligning with Vietnam’s development priorities.
Vietnam News Roundup: November 15 to November 21
This week’s Vietnam news roundup covers the latest State Bank open market operations, potential changes to Mercedes-Benz business operations in Vietnam, Vietnam’s status on the US currency manipulator watchlist, a gold reserves update, and more…
Vietnam’s exports to South Korea rise in October, driven by strong performance in multiple sectors
Vietnam’s exports to South Korea totalled US$2.28 billion in October, reflecting a robust 12.51 percent increase compared to September’s figure of US$2.02 billion. The year-to-date total exports to South Korea reached approximately US$21.21 billion, highlighting South Korea’s position as a key trading partner.
USI Group boosts investment in northern Vietnam by US$75 million
The project specialises in producing and assembling electronic circuit boards, wearable devices, smart handheld devices, and household appliances. With a production capacity of 260 million product sets per year, it plays a significant role in Vietnam’s growing tech manufacturing sector. The facility employs 1,000 workers and contributes substantially to the country’s export economy, generating US$500 million in annual exports.
Vietnam’s computer and electronics exports dip in October, but year-to-date figures show strong growth
There was a slight dip in October, however, year-to-date figures reveal robust growth. From January to October, exports in this category totalled US$58.67 billion, a 26.1 percent increase compared to the same period in 2023.
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,
In today’s Vietnam news: Credit limits removed for some major projects, Estonian web security company market entry, Vingroup’s Vuong becomes major shareholder LP Bank,
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
This is an interview with John Gardner, CEO and Founding Partner, at Optimum Hospitality in Ho Chi Minh City. It covers fuel price impacts on:
This is an interview with Dr Nuno F. Ribeiro, Associate Professor, International Tourism & Hospitality Management at Copenhagen Business College, formerly of RMIT Vietnam. It