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 processing and manufacturing sector shows strong annual growth
Year-over-year, the industry exhibited even stronger results, with an 8.8 percent increase in output in October 2024 compared to October 2023. Cumulatively, the January-to-October 2024 period saw a 9.6 percent rise over the same period last year…
Vietnam’s food and food services sector sees notable CPI increase with steady year-to-date growth
Year-to-date, from January to October, the CPI for food and food services is up by 4.04 percent over the same period in 2023. This steady increase highlights ongoing demand and cost factors affecting food-related expenses, driven by factors like global supply chain fluctuations and rising raw material costs…
Vietnam News Roundup: November 1 to November 7
This week’s Vietnam news roundup covers the latest State Bank open market operations, a new pilot for a two-tier electricity pricing regime, Vietnam’s purchasing managers’ index for October, the moth-balling of a new petrochemical complex, and more…
Vietnam’s natural gas extraction on decline despite monthly uptick
The cumulative figures for January through October 2024 reveal a 17.3 percent decrease over the same period last year, indicating persistent obstacles in the sector…
Vietnam’s consumer price index sees slight jump in October
Vietnam’s consumer price index–CPI–compared to October 2023, has risen by 2.89 percent, showing a moderate annual increase in consumer prices. Since December 2023, the CPI has grown by 2.52 percent, suggesting a consistent upward trend through the year; and from September to October 2024, the CPI increased by 0.33 percent, indicating a stable month-to-month price movement with minimal volatility…
Vietnam’s coal and lignite production sees mixed results in October
When measured against October 2023, the sector’s production has dipped by 7.7 percent, continuing a downward trend that highlights the industry’s ongoing challenges…
US protectionism growing concern in Vietnam after Trump election
A possible jump in tariffs on Vietnamese goods after Donald Trump won the US presidential election yesterday is a key concerns among businesses in Vietnam, according to analysis from Tuoi Tre. The publication cites Trinh Viet Hoang Minh from ACBS Securities as suggesting Vietnam’s steel industry may face problems as Trump pursues protectionist measures on behalf of the US steel industry…
Temu in Vietnam: What’s Fair in Free Trade?
When Chinese e-commerce giant Temu officially launched in Vietnam last month the hype was palpable. Not only had the firm dropped a small fortune on advertising but it had also ruffled feathers in Vietnam’s business community: Temu’s goods were too cheap and Vietnamese producers could not compete. With a narrative containing two things Vietnamese love–huge discounts and hating on China–the local media piled on…
Vietnam’s wood and bamboo production sees mixed performance in September
Sawing, planing, and preserving wood experienced a decrease in output, with a 3.4 percent drop compared to August 2024 and a 1.5 percent decline year-on-year. Despite these recent declines, the sector has showed resilience year-to-date, recording a 6.3 percent increase over the first nine months of 2024 compared to the same period in 2023…
Vietnam’s housing and construction material prices show mixed trends in 2024
Vietnam’s Consumer Price Index–CPI–data for September 2024 showed a steady increase in housing and construction material prices of 4.37 compared to September 2023. Prices were also up 3.59 percent over December of last year…
Vietnam state power provider moves two-tier electricity pricing strategy forward
This policy looks to be a response by the state power provider to try and increase revenue without increasing electricity prices. This comes after the state power provider ran up huge losses over the past two years by selling electricity below cost price…
Vietnam domestic gold prices fall despite reports of shortages
This scenario is not particularly new with challenges in the gold market ongoing since the beginning of the year. That said, it is worth keeping an eye on in that currently the gold supply is being fed by the State Bank from its reserves. These are, however, limited and will either need to be replenished or will run out, either way there will likely be significant ramifications for Vietnam’s economy….
Delayed Vietnam hospital construction draws ire of Vietnam General Secretary
Construction work on the new branches of Bach Mai Hospital and Viet Duc Hospital kicked-off in 2014 with the examination areas at both hospitals inaugurated in 2018. Since then, however, only one facility was used for a year and the other has not accepted patients at all…
Vietnam finance ministry proposes extending cut to green tax on fuel
Of note, Vietnam was ranked 180 out of 180 countries in Yale University’s Environmental Performance Index 2024 back in August. Vietnam scored 24.5 points out of 100 with Estonia taking out first place with a score of 75.3.
Vietnam education ministry looks for support tackling corruption in textbooks
This stems from reports back in September that the head of Vietnam’s Education Publishing House which handles the production and distribution of textbooks was taking kickback from paper suppliers…
Vietnam electronics imports take a dip month on month in September
China remains Vietnam’s largest source of electronics, with imports valued at US$3.11 billion in September. However, this represents a 5.28 percent drop from August, reflecting a possible shift or seasonal adjustment in import volumes…
Vietnam’s aquatic products processing climbs 3.6 percent in September
The year-over-year figures also show strong growth–compared to September 2023, production has surged by 19.7 percent, indicating rising domestic consumption and robust export demand for Vietnam’s processed seafood.
Vietnam electronics production increases 6.8 percent September over August
Electronic components manufacturing, specifically, experienced a 2.7 percent month-on-month increase and a significant 12.4 percent jump year-over-year, with a robust 10.5 percent growth year-to-date…
Vietnam seafood imports fall 18 percent September over August
Of note, Indonesia was Vietnam’s largest supplier in September, with imports amounting to US$30.72 million, a 15.56 percent increase from August. The YTD total is US$218.91 million.
Thai petrochemical complex in Vietnam to halt operations on market downturn
This development is made all the more pertinent in that it has cost a reported US$5 billion. Although notably its construction has run well behind schedule. Notably it was reported it was “ready to roll” back in August of 2022, however, this never materialised…
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