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.
Taiwan launches antidumping investigation into Vietnam cement
In the first seven months of 2024, Vietnam exported 18,227,814 tons of cement and clinker worth US$669.2 million. This was a decline of 13.3 percent over the same period in 2023. To Taiwan specifically, it exported 891,050 tons worth US$32,125,934, according to data from Vietnam’s General Department of Customs.
Japan’s Mitsui buys into Vietnam car maker Tasco Auto
Data from the Vietnam Automobile Manufacturers’ Association from July found that vehicle sales of the group’s members increased significantly in July over June–about 13 percent. Year on year sales, however, were down, which is in line with broader economic challenges.
Vietnam Stock Reviews: TNG (textiles and garments)
The textile and garment industry is projected to continue growing in the second half of 2024, however, gross margins are expected to remain under pressure. The 6 percent increase in the minimum wage in Vietnam starting in July 2024, coupled with difficulties in raising product prices because of competition from rival countries, will likely hinder margin growth.
Vietnam Stock Reviews: Masan Group (consumer goods)
As of the second quarter of 2024, Masan Group’s net revenue was up by 8.2 percent year-over-year, driven by its core retail consumer businesses. This was in part credited to Masan Consumer Corporation, which trades under ticker MCH on Vietnam’s Unlisted Public Companies stock market…
US critical circumstances allegations filed re: solar cells from Vietnam, Thailand
Essentially, it’s being alleged that firms in Vietnam and Thailand have increased the speed at which they export solar cells to the United States in order to avoid possible future antidumping and countervailing duties. This comes after an investigation was announced earlier this year into some solar imports from Southeast Asia.
Vietnam News Roundup: August 9 to August 15
This week’s Vietnam news roundup covers foreign trader stock market activity, bond issuances, new manufacturing projects, a raid on a fake laundry detergent operation, imports and export data, car sales data, and more…
FIFA bans Vietnam football club from new signings over unpaid wages
Of note, Guirassy, was due to be paid out three months’ salary, about US$19,500, but the club’s bank accounts were frozen over unpaid taxes. These were eventually cleared, however, by that time Guirassy’s visa had lapsed and a renewal had not gone through so the bank was unable to process the transaction. At this point with fines and interest the club was up for an additional US$8,400. It’s still not clear when this will be paid.
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.
Vietjet’s parent company calls for stronger aircraft leasing protections just weeks after a UK court authorised the seizure of the airline’s overseas assets. Meanwhile,
In today’s news brief: HP and Asus shift production back to China, Tesla begins hiring in Vietnam, Saigon Commercial Bank closes all but three
In today’s briefing: LPBank’s construction lending has surged 127 percent following revelations that Vingroup’s chairman and his wife became major shareholders. Meanwhile, Vietnam faces
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