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 bamboo and rattan exports rise in October, year-to-date figures remain positive
The steady year-to-date growth demonstrates Vietnam’s competitive position in this niche market, buoyed by growing global interest in sustainable materials. The October uptick further reinforces the sector’s resilience, indicating potential for continued expansion as international demand for environmentally conscious products rises.
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…
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.
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..
Vietnam’s fibre production shows sustained annual growth but moderate monthly increase
Notably, fibre production is benefiting from rising global demand for textiles, positioning Vietnam as a key player in the supply chain. To sustain this momentum, however, the industry may need to focus on innovations in sustainable fibre production to meet increasing environmental standards and ensure long-term growth…
Vietnam’s consumer price index for garments, hats, and shoes shows modest increase
From January to October, the CPI for garments, hats, and shoes increased by 1.45 percent over the same period in 2023. This subdued growth likely stems from a significant supply of garments and apparel as a result of being a key global manufacturing hub for these goods…
Vietnam’s processing and manufacturing sector shows strong annual growth
Year-over-year, the industry exhibited even stronger results, with an 8.8 percent increase in output in October 2024 compared to October 2023. Cumulatively, the January-to-October 2024 period saw a 9.6 percent rise over the same period last year…
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…
Vietnam electronics imports take a dip month on month in September
China remains Vietnam’s largest source of electronics, with imports valued at US$3.11 billion in September. However, this represents a 5.28 percent drop from August, reflecting a possible shift or seasonal adjustment in import volumes…
Vietnam electronics production increases 6.8 percent September over August
Electronic components manufacturing, specifically, experienced a 2.7 percent month-on-month increase and a significant 12.4 percent jump year-over-year, with a robust 10.5 percent growth year-to-date…
Thai petrochemical complex in Vietnam to halt operations on market downturn
This development is made all the more pertinent in that it has cost a reported US$5 billion. Although notably its construction has run well behind schedule. Notably it was reported it was “ready to roll” back in August of 2022, however, this never materialised…
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…
Vietnam domestic apparel prices hold steady in September
From January to September 2024, prices rose by 1.48 percent compared to the same period last year, indicating only mild inflation. Monthly figures show only a .15 percent increase in September over August 2024, and over December 2023 of 0.58 percent.
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…
Vietnam garment manufacturing declines in September over August: IIP
The index also found that the ready-made garments (excluding apparel) category, conversely, recorded modest growth of 0.5 percent in September with a year-on-year rise of 12 percent…
Vietnam furniture production records 3.3 percent month-on-month growth in September
In a year-on-year comparison, production for September 2024 was up by 38.3 percent over the same month in 2023, indicating higher demand in the furniture sector. Furthermore, the cumulative data for the first nine months of 2024 shows a 24.7 percent rise in production compared to the same period last year.
Vietnam’s steel exports fall 20.64 percent September over August
Vietnam’s steel exports fell 20.64 percent in value in September over August, according to data from Vietnam’s General Department of Customs. By the ton, they were also down 20.76 percent…
Vietnam ceramics exports fall 13.1 percent in September over August
Of note, Taiwan experienced the largest drop, with exports decreasing by 32.51 percent month-on-month to US$4.91 million. Despite this, Taiwan’s year-to-date value remained significant at US$54.77 million…
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…
Vietnam non-wood furniture exports fall 4.6 percent September over August
Vietnam’s non-wood furniture exports fell by 4.6 percent in September over August from US$279 million to US$266.4 million. This has brought Vietnam’s total non-wood furniture exports to a total US$2.39 billion year-to-date. This represented an increase of 32.8 percent over the same period last year…
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