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 iron and steel imports fall sharply by 31.9 percent in November

the-shiv December 17, 2024

China remained Vietnam’s largest supplier, accounting for US$550.87 million, though this reflected a sharp drop of 46.04 percent month-on-month. Imports from South Korea grew by 8.17 percent, reaching US$138.92 million, while Japan recorded a 12.70 percent increase to US$135.15 million.

Vietnam’s textile and garment exports decline by 5 percent in November

the-shiv December 17, 2024

The USA remained the largest market, with exports rising slightly by 1.68 percent to US$1.31 billion. Exports to Japan dropped by 7.94 percent to US$387.94 million, while South Korea saw a significant decline of 46.65 percent, totalling US$186.35 million.

Vietnam’s fabric imports dip slightly in November

the-shiv December 15, 2024

China remained Vietnam’s largest supplier, contributing US$866.08 million, though this reflected a slight month-on-month decrease of 2.22 percent. South Korea followed with strong growth, increasing by 14.61 percent to US$138.08 million. Taiwan saw a decline of 5.45 percent, with imports totalling US$117.38 million.

Vietnam’s exports of machinery and equipment decline in November

the-shiv December 15, 2024

The USA remained the largest market, with exports reaching US$2.22 billion, despite a decline of 10.54 percent month-on-month. Exports to China were stable at US$301.61 million, reflecting a slight increase of 0.25 percent. South Korea saw a sharp decline of 15.74 percent, with exports totalling US$253.97 million.

Vietnam’s imports of machinery and equipment increase in November

the-shiv December 13, 2024

China remained the top supplier, with imports increasing by 8.11 percent to US$2.72 billion. South Korea contributed US$412.03 million, marking a slight growth of 2.01 percent, while the USA recorded a 5.34 percent increase, totalling US$96.87 million.

Vietnam’s exports of telephones and mobile phones record sharp November decline

the-shiv December 13, 2024

China was the largest market, receiving US$1.12 billion in November, but this represented a significant decline of 33.65 percent month-on-month. The USA followed with US$642.82 million, down 7.68 percent. South Korea saw a decrease of 13.16 percent, with exports totalling US$263.32 million.

Vietnam’s imports of computers and electronic products decline in November

the-shiv December 13, 2024

China was the largest supplier, with imports growing by 6.77 percent to US$2.97 billion. South Korea followed, contributing US$2.82 billion but reflecting a decline of 2.69 percent month-on-month. Taiwan saw imports decrease by 5.35 percent to US$1.26 billion.

Vietnam’s household equipment and appliance prices record November increase

the-shiv December 12, 2024

Throughout 2024, the sector has experienced stable, gradual growth. September’s CPI stood at 1.17 percent, while mid-year figures remained consistent, with 1.14 percent in August and 1.15 percent in July…

Vietnam’s exports of computers and electronics record 5.42 percent November jump

the-shiv December 11, 2024

The USA remained the largest market, with exports amounting to US$1.80 billion, despite a slight decline of 0.65 percent month-on-month.

Vietnam’s processing and manufacturing production records strong November growth

the-shiv December 11, 2024

Year-on-year, the processing and manufacturing industry showed an impressive growth rate of 11.22 percent in November 2024 compared to the same period in 2023. Over the first 11 months of 2024, the sector achieved an overall increase of 9.69 percent compared to the corresponding period last year, underlining its role as a driving force for Vietnam’s economy.

Vietnam’s yarn exports rise in October, year-to-date performance shows modest growth

the-shiv December 10, 2024

Year-to-date performance shows more modest growth. From January to October, Vietnam exported 1.54 million tonnes of yarn, valued at US$3.65 billion. This marks a 4 percent increase in volume and a marginal 0.3 percent rise in value compared to the same period in 2023.

Vietnam’s garments, hats, and shoes prices remain stable in November

the-shiv December 10, 2024

Garments, hats, and shoes form an essential part of household expenditure in Vietnam, driven by domestic demand and seasonal shopping patterns. The sector is also a significant contributor to the economy, supported by the country’s strong textile and footwear production capabilities.

Vietnam’s wood and wooden product exports surge in October, maintain strong year-to-date growth

the-shiv December 9, 2024

Year-to-date performance also shows strong growth. From January to October, exports in this category totalled US$13.22 billion, marking a 21.2 percent increase compared to the same period in 2023.

Vietnam sees growth in manufacturing FDI

the-shiv December 9, 2024

Year-to-date (YTD), the sector has attracted a total of 1,030 new projects and US$20.2 billion in newly registered capital, demonstrating strong and consistent growth in the industry.

Vietnam’s technical fabric exports grow in October, strong YTD performance continues

the-shiv December 8, 2024

Year-to-date performance shows robust growth. From January to October, exports in this category totalled US$650.34 million, an 18.2 percent increase compared to the same period in 2023.

Vietnam’s toy and sports equipment exports grow in October

the-shiv December 7, 2024

However, year-to-date performance shows little change. From January to October, the sector’s exports totalled US$3.13 billion, reflecting a slight decline of 0.7 percent compared to the same period in 2023.

Vietnam’s textile and garment exports rise in October, maintain strong year-to-date growth

the-shiv December 7, 2024

Year-to-date figures also indicate robust performance. From January to October, exports in this category totalled US$30.57 billion, a 10.5 percent increase compared to the same period in 2023.

Vietnam’s industrial production index sees steady growth in November

the-shiv December 6, 2024

Year-on-year, the IPI rose by 8.94 percent in November 2024 compared to the same period in 2023. Over the first 11 months of 2024, cumulative growth reached 8.36 percent, demonstrating the vitality of Vietnam’s industrial economy.

Vietnam’s rubber product exports grow in October, maintain steady year-to-date performance

the-shiv December 6, 2024

Year-to-date figures also show solid growth. From January to October, exports in this category totalled US$997.12 million, an 11.5 percent increase compared to the same period in 2023.

Vietnam’s automatic circuit breaker import market set for robust growth: Report

the-shiv December 6, 2024

The surge in demand, per the report, is attributed to Vietnam’s developing electrical industry, which currently lacks the technical expertise and production capacity to meet domestic needs. As a result, the country relies heavily on imports of circuit breakers and other electrical protection devices.