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.

Where are Adidas made in Vietnam 2024?

the-shiv October 15, 2024

Adidas 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 Minh City has a long history with garment and textile production. It’s also a key pillar of Vietnam’s footwear manufacturing industry.

Vietnam garment and textile exports down 26.5 percent in value September over August

the-shiv October 14, 2024

Vietnam’s garment and textile exports fell by 26.5 percent in September over August from US$4.1 billion to US$2.98 billion. Vietnam’s garment and textile exports for the year now stand at US$27.3 billion which represents an increase of 8.9 percent over the same period last year…

Thailand launches anti dumping probe into steel from Vietnam

the-shiv October 7, 2024

This adds to a growing list of investigations into steel import from Vietnam that includes South Korea, India, and the European Union and comes as cheap Chinese steel floods markets around the world. Of note there has been some suspicion that Chinese steel makers may be using Vietnam as an intermediary to circumvent trade tariffs in other countries on their own steel products…

Vietnam Purchasing Managers Index records 5.1 point fall in September

the-shiv October 1, 2024

The S&P Global Vietnam Purchasing Managers’ Index has recorded a 5.1 point fall in September, from 52.4 in August to 47.3 a month later, according to a press release from the firm. This moved the index below the 50-point break even mark which means that Vietnam’s manufacturing industry, according to the index, contracted in September.

Vietnam ceramics exports up 11.3 percent in value August over July

the-shiv September 27, 2024

Vietnam’s ceramics exports climbed by 11.3 percent in August over July from US$51.1 million to US$56.9 million. Vietnam’s ceramics exports for the year now stand at US$425 million which represents an increase of 9.2 percent over the same period last year.

Vietnam garment and textile exports up 9.1 percent in value August over July

the-shiv September 26, 2024

Vietnam’s garment and textile exports climbed by 9.1 percent in August over July from US$3.7 billion to US$4.1 billion. Vietnam’s garment and textile exports for the year now stand at US$24.4 billion which represents an increase of 8.1 percent over the same period last year.

Vietnam non-wood furniture exports up 6.31 percent August over July

the-shiv September 24, 2024

Vietnam has emerged as a significant global player in the furniture manufacturing industry. The country’s strategic geographic location, coupled with a relatively skilled workforce and competitive production costs, has positioned it as a key location for furniture production and export…

US$260 million Chinese circuit board factory slated for northern Vietnam

the-shiv September 23, 2024

Over the past decade, Vietnam has attracted significant investments from global electronics giants such as Samsung, LG, and Intel, which have established large production facilities here. They have also helped to develop Vietnam’s electronics manufacturing industry which, in turn, is now attracting even greater investment, the aforementioned circuit board factory, for example…

Vietnam launches strategy for semiconductor industry development

the-shiv September 23, 2024

Of note, Vietnam has been pursuing a greater role in semiconductor supply chains for sometime. However, it’s never been made clear exactly what a win would be in terms of Vietnam’s role in semiconductor manufacturing… It does, however, already have a place at the end of semiconductor supply chains in assembly, testing, and packaging. Low-value work to be sure but it does give Vietnam a foot in the door. Whether it can leverage this to move its way up semiconductor supply chains remains to be seen.

Vietnam Electronics Manufacturing: Industry Overview 2024

the-shiv September 21, 2024

Vietnam has emerged as a major electronics manufacturing hub, attracting significant investments from global companies like Samsung, LG, and Intel. The northern region, particularly Bac Ninh and Thai Nguyen provinces, is the primary centre for production, responsible for nearly half of Samsung’s global smartphone output. The southern region, centred around Ho Chi Minh City, is home to Intel’s largest chip assembly plant, contributing to Vietnam’s growing role in the global semiconductor industry.

Vietnam plastics exports up 14 percent in value August over July

the-shiv September 20, 2024

Vietnam’s plastics exports climbed by 14 percent in August over July from US$181 million to US$207.3 million. Vietnam’s plastics exports for the year now stand at US$1.75 billion which represents an increase of 27 percent over the same period last year.

Century Synthetic Fiber Corporation: Vietnam Stock Overview

the-shiv September 20, 2024

In the first half of 2024, STK’s revenue declined by 18.2 percent year-over-year to US$23 million due to lower sales. In response, STK stopped a number of machines and instead focused on reducing excess inventory. The company also recorded a net loss of US$2.2 million reportedly due to a surge in financial expenses, the result of unrealized exchange rate losses of US$1.7 million on a US dollar-denominated loan used to invest in a new factory…

Can Vietnam Survive the Steel-Trade Wars?

Mark Barnes September 17, 2024

Cheap Chinese steel is flooding markets around the world causing headaches for local steel makers. This has led to anti-dumping investigations in a number of countries that look to have caught Vietnam in the crossfire. It is not, however, going quietly but launching its own anti-dumping investigations as well. In this context, this article looks at what has happened to Vietnam’s steel industry, how it is responding, and what that might mean moving forward.

Vietnam electronics exports up 14.5 percent August over July

the-shiv September 17, 2024

Vietnam’s exports of computers, electrical products, and spare parts and components thereof, climbed by 14.5 percent in August over July from US$5.9 billion to US$6.76 billion. Vietnam’s electronics exports for the year now stand at US$46.4 billion which is an increase 28.9 percent over the same period last year…

US automotive manufacturer inaugurates second Vietnam factory

the-shiv September 14, 2024

Motorcycle sales, despite a decline of 16.21 percent in 2023 compared to 2022, still far exceeded car sales. The comparison between the over 2.5 million motorcycles sold and just over 214,000 passenger cars sold underlines how deeply motorcycles are integrated into daily life…

Vietnam footwear exports down 2.1 percent August over July

the-shiv September 13, 2024

Vietnam’s footwear exports fell by 2.1 percent in August over July from US$2.12 billion to US$2.08 billion. Footwear exports for the year, however, have reached US$14.95 billion which is an increase of 10.5 percent over the same period last year. The biggest recipients of shoes made in Vietnam in August were the United States, China, and the Netherlands.

Taiwan footwear maker to drop US$100 million on new factory in central Vietnam

the-shiv September 12, 2024

This will add to Dah Lih Puh’s existing operations in Vietnam which are mostly conducted through its subsidiary Viet Glory. Viet Glory came to prominence in Vietnam in October of 2023, when 7000 of its workers went on strike in search of a pay rise. This was successful with workers returning to work six days later for a bigger paycheck…

Product Quality Self-Declarations in Vietnam 2024

the-shiv September 11, 2024

In Vietnam, self-declaration of product quality is a regulatory process that allows businesses to declare that their products comply with relevant food safety and quality standards without needing prior approval from the authorities. This procedure is governed by Decree 15/2018/ND-CP, which provides detailed guidelines on the food safety law in

Revenue at Samsung’s Vietnam operations up in first half of 2024

the-shiv September 10, 2024

This is a significant development in that Samsung accounts for a huge portion of Vietnam’s exports in dollar value terms. At times this has been as high as 20 percent though this is slowly coming down as more manufacturing firms set up shop in Vietnam…

Vietnam’s Industrial Production Index up 9.5 percent year-on-year

the-shiv September 6, 2024

The GSO notes that the processing and manufacturing industry increased by 9.7 percent, that the electricity production and distribution industry increased by 11.6 percent, and the water supply, waste and wastewater management and treatment industry increased by 7.8 percent. It does, however, also note that the mining industry decreased by 6 percent.