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 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…
Vietnam Purchasing Managers’ Index jumps in October
The S&P Global Vietnam Manufacturing Purchasing Managers’ Index reached 51.2 in October up from 47.3 in September, according to a press release from S&P. Above the 50 point break-even mark, this would indicate the manufacturing industry is expanding once more after a sharp fall in September…
Vietnam News Roundup: October 25 to October 31
This week’s Vietnam news roundup covers the latest State Bank open market operations, e-commerce market data, trade investigations, gold market developments, housing supply data, and more…
Vietnam domestic apparel prices hold steady in September
From January to September 2024, prices rose by 1.48 percent compared to the same period last year, indicating only mild inflation. Monthly figures show only a .15 percent increase in September over August 2024, and over December 2023 of 0.58 percent.
Vietnam retail market projected to grow by US$226.4 billion by 2028
One of the primary drivers is the rising demand for convenience food products. As more Vietnamese adopt urban lifestyles and increasingly busy schedules, convenience foods have become a popular choice, catering to the need for fast and easy meal options…
Vietnam’s pharmaceutical production increase 1 point on Industrial Production Index
Compared to the same period last year, the pharmaceutical sector posted an impressive 15.4 percent increase, highlighting robust year-on-year growth driven by rising demand for medical products. For the first nine months of 2024, production in this category grew by 10.6 percent over the same period in 2023. This sustained growth reflects Vietnam’s efforts to expand its domestic pharmaceutical production capabilities.
Cosmetics production falls in September per key Vietnam production index
That said, from January to September 2024, the sector posted a 15.1 percent growth, highlighting sustained demand for these products throughout the year. The strong year-to-date performance reflects the growing importance of Vietnam’s cosmetics and personal care market, driven by increasing consumer spending and rising interest in beauty and hygiene products across the country. Despite short-term fluctuations, the long-term outlook for the sector looks to remain positive…
Vietnam, UAE to cut most import tariffs under new trade deal
Vietnam’s network of Free Trade Agreements–FTAs–has become a cornerstone of its economic strategy, enabling the country to integrate more deeply into the global economy and expand its trade partnerships. Over the past few decades, Vietnam has signed numerous bilateral and multilateral FTAs, positioning itself as a key player in regional and international trade…
Australia’s Commonwealth Bank off-loads another 10 percent of Vietnam’s VIB
This comes after it was announced back in June that the Australian bank would be divesting from the company which VIB’s board of directors reportedly only learned about after the State Bank of Vietnam approved the move. The Commonwealth Bank held a 20 percent stake in the bank at the time.
Media Relations in Vietnam: Lessons from VinFast
How VinFast has managed its brand image and narrative offers some interesting insights into the company and, by extension, how media relations work in Vietnam…
Vietnam garment manufacturing declines in September over August: IIP
The index also found that the ready-made garments (excluding apparel) category, conversely, recorded modest growth of 0.5 percent in September with a year-on-year rise of 12 percent…
Vietnam seafood products across the board see sharp falls in September
Of note, Typhoon Yagi wreaked havoc on northern Vietnam in September and waylaid a large portion of Vietnam’s fishing industry for up to several weeks for some firms…
FDI in Vietnam’s construction sector jumps September over August
Year-to-date, the construction sector has secured 40 new projects with a cumulative registered capital of US$586.7 million, indicating steady interest in Vietnam’s construction industry. For the year-to-date, the average investment per project stands at around US$14.7 million…
Vietnam’s dairy industry production grows 2.8 percent September over August
The year-on-year comparison reveals even more encouraging growth. The index for September 2024 was 5.1 percent higher than the same month last year, showcasing the sector’s resilience and sustained expansion…
In today’s Vietnam news: Crypto transfers to VN not necessary, Novaland bond changes, Perspectives on garment industry, Working hours cut proposed, Adding political component
In today’s Vietnam news: Fuel prices cut, Double-digit growth target reinforced, New airport services delay approval requested, TikTok VN investment, Bybit in Vietnam, LG
In today’s Vietnam news: VN renews antidumping tariffs on Thai sugar, Power supply challenges continue, USTR tariffs forced labour, AMRO growth forecast downgrade, Foreign
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