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Category: Vietnam Manufacturing News

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

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.

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Samsung to increase investment in Vietnam

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

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South Korean firm breaks ground on bioplastics plant in Hai Phong

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

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Vietnam’s PMI improved but only marginally

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

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Vietnam’s industrial production index registers a 6 percent increase

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.

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Where are Nikes Made in Vietnam 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

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How to Open a Factory in Vietnam: Ultimate Guide 2024

This article is sponsored by: your business here (learn more) 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

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Vietnam’s Industrial Production Index jumps 20 percent in March

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

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Vietnam’s manufacturing industry records slight decline in March

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;

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Vietnam’s Semiconductor Manufacturing Ambitions: Unpacked

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

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Snapshot: Manufacturing in Vietnam, February 2024

Each month the-shiv provides a snapshot of the manufacturing sector in Vietnam covering the latest developments, key performance indicators, and government data. Manufacturing news in February was somewhat limited with the Lunar News Year reducing production and seeing most businesses close up for at least a week. That said, there

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Vietnam manufacturing grows for second month in a row: S&P

S&P Global’s Purchasing Managers Index–or PMI–has recorded a second consecutive month of growth in February increasing from 50.3 in January to 50.4 in February. Anything above 50 is considered a signal the sector is growing less than 50 and it is shrinking. Key takeaways Business optimism reached a 12-month high–55

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Snapshot: Manufacturing in Vietnam, January 2024

Each month the-shiv provides a snapshot of the manufacturing sector in Vietnam covering the latest developments, key performance indicators, and government data. January overview The year 2023 was the most difficult year in 30 years for the textile and garment industry in 30 years, Le Tien Truong, vice chairman of

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Made in Vietnam: Brands and Goods 2024

Over the past two decades, generous tax incentives and an abundance of low-cost labour have made Vietnam a very attractive option for firms looking to diversify their manufacturing supply chains. Specifically, Vietnam’s exports have grown surprisingly fast, with just US$19.9 billion worth of exports in 2002 compared to a whopping

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