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.
Doing Business in Bac Ninh, Vietnam 2024
Bac Ninh province has rapidly emerged as a top choice for foreign investors seeking to tap into Vietnam’s thriving manufacturing sector. Its strategic location within the Red River Delta, coupled with solid manufacturing infrastructure and a skilled workforce, has propelled the province into a manufacturing powerhouse.
Doing Business in Long An, Vietnam 2024
Long An province has emerged as a promising investment destination in Vietnam, particularly for manufacturing and agriculture. Its strategic location, coupled with government support, has attracted a growing number of domestic and foreign investors.
Samsung almost 15 percent of Vietnam’s exports so far this year
Samsung exported US$33.5 billion worth of product from Vietnam in the first seven months of the year. This is the equivalent of around 14.73 percent of Vietnam’s total exports and about 46.42 percent of Vietnam’s exports of mobile phones and computers…
Vietnam Stock Reviews: FPT Corporation (technology)
While the company’s fundamentals are strong, the current high valuation warrants a cautious approach in the short term. Investors with a long-term horizon may find FPT to be an attractive investment opportunity, but they should carefully consider the potential risks before making a decision…
PepsiCo Foods building $US90 million plant in northern Vietnam
Notably, Vietnam’s snack consumption is estimated at about 5.2 kg per capita, significantly higher than the global average of five kilograms, suggesting a healthy market for snack foods. Furthermore, Vietnam’s snack food market is projected to reach US$3.9 billion this year, with a compound annual growth rate of 8.15 percent from 2024 to 2029, according to Statista…
Vietnam steel production climbs alongside dumping duties risk
Vietnam’s steel production is expected to increase by 7 percent this year according to the Ministry of Industry and Trade and reported by Vietnam News. This growth, however, will run parallel with an antidumping investigation in the EU into Vietnamese steel…
First half manufacturing jobs jump 10 percent over 2023: Adecco
Manufacturing over the last few months has rebounded significantly compared to 2023. Of note, S&P Global’s Vietnam Purchasing Managers’ Index jumped to 54.7 up from 50.3 a month earlier. This was on the back of a sharp rise in new orders that S&P says experienced the highest growth since the index began, aside from the very first month it went online. This continued into July with the index holding at 54.7 percent.
Doing Business in Ho Chi Minh City, Vietnam 2024
Ho Chi Minh City, often abbreviated as HCMC or still widely referred to as Saigon, is Vietnam’s economic heartland. Its dynamic business environment, coupled with a strategic geographic location, has solidified its position as a premier destination for foreign investment and business expansion in Southeast Asia. This bustling metropolis offers a unique blend of traditional Vietnamese culture and modern urban living, creating a vibrant atmosphere for both locals and expatriates.
State power firm looks to Vietnam Dev. Bank after commercial bank loan limit reached
Vietnam’s state power provider Electricity Vietnam or EVN has reached an agreement with the Vietnam Development Bank for US$2 billion to build more power generation and transmission lines. The agreement was arranged on the back of borrowing limits with commercial banks being reached and challenges accessing foreign capital…
The VietJet UK Court Ruling for Foreign Firms in Vietnam: Unpacked
For almost two years VietJet has been in a protracted legal battle with Fitzwalter Aviation. In July, however, it came to an end–pending an appeal–when a UK court handed down a ruling in favour of Fitzwalter. This article looks at what happened and how it played out in court, as well as what might happen next.
Vietnam Stock Reviews: Hai An Transport & Stevedoring
In the second quarter of 2024, Hai An recorded an increase in revenue and profit compared to the same period last year. This growth was attributed to factors such as the expansion of its fleet, the opening of new domestic and international routes, and rising freight rates…
Counterfeit OMO laundry detergent operation raided in northern Vietnam
Of note, protecting intellectual property in Vietnam can be challenging. It is common for local businesses to use brand names and logos of other more well-established businesses as well as to find fake brand name goods in Vietnam’s towns and cities. As of April 2024, Vietnam remained on the Office of the US Trade Representative’s Special 301 Report which found that despite intellectual property rights reforms, there were still ‘serious concerns remain regarding IP protection and, in particular, enforcement’.
Moving up runway two construction at HCMC airport floated by airports group
Despite certain stages of the first phase being ahead of schedule, however, several other parts are not moving quite so quickly. For example, the aircraft maintenance area, and operations centre, are at risk of falling behind schedule with the tender documents still not finalized. This could push back completion of the first phase, which is scheduled to be finalised by the end of 2025.
Vietnam ‘unlikely’ to see minimum wage hike in 2025
Of note, the National Wage Council meets at least once a year to discuss the minimum wage in Vietnam. That said, the minimum wage does not necessarily rise every year. For example, during COVID minimum wage rises were put on hold. Similarly, as Vietnam’s economy struggled in 2023 minimum wage hikes were delayed until 2024…
Elevated Vietnam banking bond issuances continue in July
Of note, back in 2022, the construction sector dominated bond issuances, accounting for about 52.30 percent of bonds issued by the end of July that year. Banking on the other hand accounted for just 2.17 percent. At the end of July this year, however, banking accounted for 67.2 percent of the bonds issued whereas construction accounted for just 2.8 percent.
UK court finds against Vietnam’s Vietjet in leasing dispute from 2021
A court in the UK has found that FitzWalter Aviation Holdings, which had a leasing agreement with Vietnam’s Vietjet, had the right to cancel said lease back in 2021. Vietjet had argued that the lease termination was illegal and had refused to allow four aircraft to be repossessed. The judgement
Vietnam’s Hoa Phat Steel: Stock Review
While the challenges are evident, the potential of Hoa Phat’s Dung Quat 2 complex to drive future growth cannot be ignored. This complex is expected to start operating in early 2025, targeting an annual production capacity of 5.6 million tons of steel, including 4.6 million tons of HRC and 1 million tons of specialty steel. This could potentially stimulate revenue, and profits, making Hoa Phat an intriguing investment prospect.
Indian pharmaceuticals firms planning US$200 million investment in Vietnam
Indian pharmaceutical giants SMS Pharmaceuticals and Sri Avantika Contractors are considering establishing a US$200 million plant in a manufacturing park in Thanh Hoa province. The project has already attracted around 50 potential secondary investors, according to Vietnam Investment Review. Of note, Vietnam’s pharmaceuticals market is projected to reach approximately US$2.4
Vietnam News Roundup: August 2 to August 8
This week’s Vietnam news roundup covers foreign trader stock market activity, bad debts, the latest manufacturing developments, the Big Mac Index, EU standards warning on Vietnam produce exports, Vietnam’s outbound FDI and more…
Commerce’s Findings from Vietnam’s Non-Market Economy Review: Unpacked
Last week, the United States Department of Commerce–the DOC–rejected Vietnam’s application to have its status as a non-market economy overturned. This came after a months-long review including thousands of pages of evidence and arguments, from both Vietnam and the United States, culminating in not just the aforementioned adverse findings but also a 284-page memorandum explaining the decision. This article breaks down the key points in said document.
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