Low-cost labour and generous tax incentives have made Vietnam attractive destinations for firms looking to optimise their supply chains. As multinationals continue to look for alternatives to the traditional low-cost manufacturing powerhouse China, Vietnam offers many of the same benefits and being close by makes it easy for Vietnam to slide into existing supply chains.

In this section we monitor Vietnam manufacturing news including market entries and exits and regulatory changes that impact manufacturers in Vietnam.

Billions of foreign aid lost in delays caused by politcal uncertainty in Vietnam

the-shiv May 18, 2024

Of note, these delays in project approvals seem to be mostly in infrastructure projects and aid programs. New projects in the manufacturing and processing industry have continued to move forward without any more delays than is typical–critical to Vietnam’s economic development, investigating corruption in the industry could discourage further foreign direct investment.

Samsung to increase investment in Vietnam

the-shiv May 14, 2024

Samsung has said it intends to invest an additional US$1 billion a year in its operations in Vietnam. This will add to the US$22.4 billion already invested in the country by Samsung. The arrival of Samsung back in 2008 heralded a significant shift in the manufacturing sector with the South

South Korean firm breaks ground on bioplastics plant in Hai Phong

the-shiv May 13, 2024

SKC Limited, a part of South Korea’s SK Group, has broken ground on a bioplastics plant in northern Vietnam’s Hai Phong province in line with increasing plastics production among foreign firms in Vietnam. The plant will produce an estimated 70,000 tons of biodegradable plastics a year starting from the second

Vietnam’s PMI improved but only marginally

the-shiv May 2, 2024

S&P Global’s Purchasing Managers Index or PMI has found that Vietnam’s manufacturing sector grew in April but only slightly, per a press release from the firm. The key manufacturing index registered 50.3 up from 49.9 in March. The survey also found that: The jump in the index was fueled by

Vietnam’s industrial production index registers a 6 percent increase

the-shiv May 2, 2024

Vietnam’s General Statistics Office has released industrial production data from January to April finding a 6 percent increase over the same period last year. Of the four categories the GSO tracks, ‘production and distribution of electricity, gas, hot water, steam and air conditioning’ recorded the biggest increase of 12.3 percent.

Where are Nikes Made in Vietnam 2024?

the-shiv April 27, 2024

Nike products made in Vietnam are produced in several provinces around the country. They are, however, mostly concentrated in the south, in and around Ho Chi Minh City. This is in part because of the dense population and access to one of Vietnam’s biggest ports but also because Ho Chi

How to Open a Factory in Vietnam: Ultimate Guide 2024

the-shiv April 24, 2024

Low-cost labour, tax incentives, and a broad drive among manufacturers to diversify their supply chains have seen factories proliferate all over Vietnam. Opening a factory in Vietnam for foreign firms or individuals, however, is not always easy. Not only are there several technical requirements that need to be met, but

Vietnam’s Industrial Production Index jumps 20 percent in March

the-shiv April 4, 2024

Vietnam’s Industrial Production Index–or IIP–was up 20 percent in March over February according to Vietnam’s General Office of Statistics. Notably, the IIP saw an 18 percent fall in February as a result of the Lunar New Year holiday and in this context these latest results seem to indicate a return

Vietnam’s manufacturing industry records slight decline in March

the-shiv April 4, 2024

S&P Global’s Purchasing Manager’s Index recorded a fall for Vietnam’s manufacturing sector in March, with the index dipping below the 50-point break-even mark. Recording a 49.9 this was a drop of .5 percent from February’s 50.4. Key takeaways Optimism in the industry for the year was at an 18-month high;

Vietnam’s Semiconductor Manufacturing Ambitions: Unpacked

Mark Barnes March 26, 2024

It was 2008. The world was in the throes of the global financial crisis and businesses and consumers were tightening their belts all over the world, Intel, however was expanding. Specifically, it was building its biggest chip factory at the time in southern Vietnam. This was something relatively new for