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 footwear manufacturing sector posts strong growth in October

Vietnam’s competitive advantage in footwear production is in its experienced labour and cost efficiencies. However, to maintain this momentum, the industry may need to address challenges related to global supply chain pressures, rising production costs, and the growing importance of sustainable and ethical production practices in the international market…

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Vietnam’s garment manufacturing sector sees significant year-over-year growth, October

Of note, Vietnam’s garment sector is benefiting from increased international orders and favourable trade conditions. However, sustaining this growth may require addressing challenges such as supply chain dependencies and rising production costs, particularly in a global market where sustainable and ethical production practices are becoming increasingly important to buyers.

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Vietnam’s manufacturing leads October’s FDI influx with substantial growth year-to-date

The steady influx of foreign capital into manufacturing reflects Vietnam’s appeal as a regional industrial hub, offering a cost-effective environment for companies looking to establish or expand operations within Southeast Asia. This trend can be attributed to a number of factors including Vietnam’s competitive workforce, strategic location, and favourable government policies tailored to support foreign manufacturing operations..

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Vietnam’s wood and bamboo production sees mixed performance in September

Sawing, planing, and preserving wood experienced a decrease in output, with a 3.4 percent drop compared to August 2024 and a 1.5 percent decline year-on-year. Despite these recent declines, the sector has showed resilience year-to-date, recording a 6.3 percent increase over the first nine months of 2024 compared to the same period in 2023…

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Vietnam Purchasing Managers’ Index jumps in October

The S&P Global Vietnam Manufacturing Purchasing Managers’ Index reached 51.2 in October up from 47.3 in September, according to a press release from S&P. Above the 50 point break-even mark, this would indicate the manufacturing industry is expanding once more after a sharp fall in September…

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Cosmetics production falls in September per key Vietnam production index

That said, from January to September 2024, the sector posted a 15.1 percent growth, highlighting sustained demand for these products throughout the year. The strong year-to-date performance reflects the growing importance of Vietnam’s cosmetics and personal care market, driven by increasing consumer spending and rising interest in beauty and hygiene products across the country. Despite short-term fluctuations, the long-term outlook for the sector looks to remain positive…

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Vietnam electronics exports fall 5.8 percent September over August

Of note, the USA remains Vietnam’s largest market, although exports to the USA dropped by 21.52 percent in September compared to August. This sharp decline brought the YTD total to around US$17.32 billion. China, on the other hand, saw a significant 24.81 percent increase in exports, amounting to US$1.24 billion in September, contributing to a YTD total of approximately US$9.1 billion…

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