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.

Vietnam’s camera exports remain steady in October

the-shiv December 3, 2024

Year-to-date performance reflects significant growth. From January to October, Vietnam’s exports in this category totalled US$6.86 billion, an 18.4 percent increase compared to the same period in 2023.

Vietnam’s rubber exports record sharp rise in October

the-shiv December 3, 2024

Year-to-date performance highlights mixed results. From January to October, Vietnam exported 1.54 million tonnes of rubber, a 4.9 percent decrease in volume compared to the same period in 2023. However, export value increased by 16.4 percent, reaching US$2.53 billion, reflecting higher global rubber prices.

Vietnam’s PMI falls in November but still in growth territory

the-shiv December 2, 2024

The S&P Global Vietnam Manufacturing Purchasing Managers’ Index recorded a fall in November over October, from 51.2 points to 50.8, according to a press release from the firm. This is still above the 50-point no-change point signalling the sector is still in an expansionary phase.

Vietnam’s plastic product exports grow in October, year-to-date performance remains robust

the-shiv December 1, 2024

Year-to-date figures further highlight strong performance. From January to October, Vietnam exported plastic products valued at US$5.46 billion, a 30.5 percent increase compared to the same period in 2023.

Vietnam’s steel production and exports show strong growth in 2024: VSA

the-shiv December 1, 2024

The production of finished steel products of all kinds reached 24.47 million tons, up 8.5 percent year-on-year. Among product categories, metal-coated and color-coated steel recorded the highest growth at 27.1 percent, followed by construction steel at 12.2 percent, steel pipes at 4.6 percent, and hot-rolled coil (HRC) at 3.2 percent. However, cold-rolled steel coil (CRC) production experienced a decline of 16.2 percent.

Vietnam’s pastry and cereal product exports surge in October

the-shiv November 30, 2024

Year-to-date figures further highlight robust performance. From January to October, exports in this category totalled US$995.76 million, a 20.8 percent increase compared to the same period in 2023.

Vietnam’s paper exports grow in October, year-to-date performance remains stable

the-shiv November 29, 2024

Year-to-date performance, however, remains flat. From January to October, paper exports totalled US$1.75 billion, a slight 0.4 percent decrease compared to the same period in 2023…

Vietnam’s machinery exports rise in October, year-to-date growth remains robust

the-shiv November 28, 2024

Year-to-date figures reveal even stronger growth. From January to October, exports in this category totalled US$43.05 billion, representing a 21.5 percent increase compared to the same period in 2023.

Vietnam retail sales for garments show slight increase in October

the-shiv November 28, 2024

In September, sales in the garment category reached VND 20,686 billion, equivalent to US$0.81 billion. This figure edged up in October to VND 20,787 billion, or US$0.82 billion, reflecting a month-on-month increase of 0.49 percent.

Vietnam’s iron and steel exports remain steady in October

the-shiv November 27, 2024

Year-to-date performance demonstrates robust growth. From January to October, Vietnam exported 11.03 million tonnes of iron and steel, valued at US$7.96 billion. This represents a 20.9 percent increase in volume and a 14.7 percent rise in value compared to the same period in 2023.

Vietnam’s Chemical Industry: Overview 2024

the-shiv November 27, 2024

Vietnam’s chemical industry is a vital sector supporting agriculture, manufacturing, and consumer goods. It encompasses a broad range of products, including fertilisers, petrochemicals, basic chemicals, agrochemicals, specialty chemicals, and consumer chemicals.

Vietnam’s furniture manufacturing sector sees robust annual growth

the-shiv November 27, 2024

Vietnam’s industrial production index data reveals a 4.5 percent increase in output from September 2024, reflecting stable month-over-month growth driven by steady demand in both domestic and export markets…

Vietnam’s handbags and accessories exports rise in October, year-to-date growth steady

the-shiv November 26, 2024

Year-to-date performance also shows steady progress. From January to October, exports in this category totalled US$3.43 billion, a 12.1 percent increase compared to the same period in 2023.

Vietnam’s glass and glassware exports up in October

the-shiv November 26, 2024

Year-to-date figures highlight substantial growth. From January to October, glass and glassware exports totalled US$971.86 million, a significant 43.5 percent increase compared to the same period in 2023…

Vietnam’s non-wood furniture exports rise in October, year-to-date growth remains strong

the-shiv November 25, 2024

Year-to-date figures further highlight the sector’s strong performance. From January to October, exports in this category totalled US$2.71 billion, a 33.5 percent increase compared to the same period in 2023.

Vietnam’s furniture manufacturing sector sees robust annual growth

the-shiv November 25, 2024

Year-over-year, production surged by 28.2 percent compared to October 2023, indicating substantial growth in the furniture industry as global demand for Vietnamese furniture continues to expand. Cumulatively, production from January to October 2024 rose by 24.8 percent over the same period in 2023…

Vietnam’s electrical equipment manufacturing sector sees strong year-over-year gains in October

the-shiv November 24, 2024

Overall, electrical equipment manufacturing surged by 9.9 percent from September 2024 and recorded a substantial 15.4 percent increase compared to October 2023. Year-to-date growth in this segment stood at 10.8 percent, driven by rising demand for electrical infrastructure and equipment both domestically and for export…

Vietnam Advance Film Material increases investment in northern Vietnam industrial park by US$60 million

the-shiv November 24, 2024

The facility specialises in producing PV film, a critical supporting layer for photovoltaic panels, with an annual production capacity of 155,000 tons. The project creates employment for 231 workers and is expected to generate an annual export value of US$60 million…

Vietnam’s footwear exports surge in October, maintain strong year-to-date growth

the-shiv November 23, 2024

Year-to-date figures also show solid growth. From January to October, Vietnam exported footwear worth US$18.57 billion, a 12.9 percent increase compared to the same period in 2023…

Moons’ Industries increases investment in VSIP Industrial Park by US$69 million

the-shiv November 23, 2024

The project focuses on producing precision motors, motion transmission motors, LED sources, and similar components, with a production capacity of 990,000 product sets annually. It has created employment opportunities for 100 workers and is expected to contribute approximately US$50 million in annual exports.