manufacturing
The Manufacturing category covers industrial production, factory expansions, and supply chain dynamics. It explores exports, imports, technological advancements, automation, and government policies, providing insights into investment trends, foreign participation, and production efficiencies.
Vietnam’s iron and steel exports remain steady in October
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 furniture manufacturing sector sees robust annual growth
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
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
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
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
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
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 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
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 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.
Vietnam’s electronics sector posts mixed production results in October
The production of electronic products, computers, and optical products grew by 2.8 percent from September 2024, while the year-over-year increase for October reached 4.1 percent. Cumulatively, production in this segment rose by 8.8 percent from January to October compared to the same period in 2023…
USI Group boosts investment in northern Vietnam by US$75 million
The project specialises in producing and assembling electronic circuit boards, wearable devices, smart handheld devices, and household appliances. With a production capacity of 260 million product sets per year, it plays a significant role in Vietnam’s growing tech manufacturing sector. The facility employs 1,000 workers and contributes substantially to the country’s export economy, generating US$500 million in annual exports.
Vietnam’s computer and electronics exports dip in October, but year-to-date figures show strong growth
There was a slight dip in October, however, year-to-date figures reveal robust growth. From January to October, exports in this category totalled US$58.67 billion, a 26.1 percent increase compared to the same period in 2023.
DEEP C northern Vietnam Industrial Park has US$169 million capital boost approved
It’s hoped this expansion will bolster the park’s ability to attract major investors, adding to its existing roster of notable tenants like Pegatron, Vietnam Advance Film Material, Core5, Posco, and Pyeonghwa Automotive. These companies represent a combined capital of US$5 billion…
Heesung expands investment in Trang Due Industrial Park by US$125 million
The project specialises in manufacturing and assembling automatic positioning liquid crystal module components, with a production capacity of 10.5 million units annually…
Vietnam’s chemical exports show strong growth in October and year-to-date figures
Year-to-date figures also indicate significant growth. From January to October, chemical exports totalled US$2.28 billion, a 15.2 percent increase compared to the same period in 2023…
Vietnam’s wood, bamboo, and rattan products exports sees YoY growth despite slight monthly decline
Year-over-year the sector demonstrated substantial growth, with a 10.9 percent increase in October this year compared to October 2023. Additionally, for the January-to-October period, production was up 8.7 percent over the same period last year. These annual gains underscore the rising demand for Vietnamese wood and bamboo products, both domestically and internationally.
Vietnam chemical product exports up fraction in October but by double-digits year-to-date
Year-to-date figures are more encouraging, with chemical exports from January to October totalling US$2.22 billion. This marks a 12.1 percent increase compared to the same period in 2023, highlighting robust growth in the sector over the year…
Vietnam’s ceramic exports surge in October, year-to-date growth remains steady
Year-to-date figures also show consistent growth. From January to October, ceramic exports totalled US$537.78 million, an 8.6 percent increase compared to the same period in 2023…
LG Group to boost investment in Vietnam with US$1 billion expansion
This adjustment brings the total investment in the high-tech OLED screen manufacturing facility to US$5.65 billion, making it one of LG’s largest projects in the country…
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