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 manufacturing industry records slight decline in March
S&P Global’s Purchasing Manager’s Index recorded a fall for Vietnam’s manufacturing sector in March, with the index dipping below the 50-point break-even mark. Recording a 49.9 this was a drop of .5 percent from February’s 50.4. Key takeaways Optimism in the industry for the year was at an 18-month high;
Vietnam’s Semiconductor Manufacturing Ambitions: Unpacked
It was 2008. The world was in the throes of the global financial crisis and businesses and consumers were tightening their belts all over the world, Intel, however was expanding. Specifically, it was building its biggest chip factory at the time in southern Vietnam. This was something relatively new for
Snapshot: Manufacturing in Vietnam, February 2024
Each month the-shiv provides a snapshot of the manufacturing sector in Vietnam covering the latest developments, key performance indicators, and government data. Manufacturing news in February was somewhat limited with the Lunar News Year reducing production and seeing most businesses close up for at least a week. That said, there
HCMC customs steps up action against imports, exports of firms with unpaid taxes
Specifically, the Ho Chi Minh City Customs Department has stopped import and export procedures for Gia Dinh Textile and Garment Company over VND 100 billion (US$4 million) in unpaid taxes, VN Express is reporting. This is yet another instance of Vietnam customs being used to collect tax debts. At the
Labour, electricity challenges weighing on Vietnam’s semiconductor ambitions
AlJazeera is carrying an article covering Vietnam’s semiconductor ambitions that identifies a lack of skilled labour and power shortages as key barriers for the industry’s development. There is not a lot new here–these issues have been well documented. It is, however, well written and balanced with a few good quotes.
Vietnam’s Industrial Production Index falls 18 percent in February
Vietnam’s General Office of Statistics has found that Vietnam’s Industrial Production Index decreased by 18 percent in February compared to January and 6.8 percent compared the February of 2023. Note that last year the Lunar New Year, for which there are five public holidays, was in January in 2023 but
Vietnam manufacturing grows for second month in a row: S&P
S&P Global’s Purchasing Managers Index–or PMI–has recorded a second consecutive month of growth in February increasing from 50.3 in January to 50.4 in February. Anything above 50 is considered a signal the sector is growing less than 50 and it is shrinking. Key takeaways Business optimism reached a 12-month high–55
Snapshot: Manufacturing in Vietnam, January 2024
Each month the-shiv provides a snapshot of the manufacturing sector in Vietnam covering the latest developments, key performance indicators, and government data. January overview The year 2023 was the most difficult year in 30 years for the textile and garment industry in 30 years, Le Tien Truong, vice chairman of
This breakdown of the tax incentives Vinfast is receiving in North Carolina
The News and Observer is carrying a breakdown of the tax incentives Vietnam’s Vinfast is receiving with regard to the factory it is building in North Carolina. Essentially, there are a combined US$1.25 billion in incentives on offer for Vinfast under the understanding that the firm will create 7,500 jobs
Vinfast leveraging new factory promises to gain import tax breaks?
Vietnam’s electric car maker Vinfast has announced that it has broken ground on a new factory in India’s Tamil Nadu. At the same time it has asked India for import tax breaks on ready-made electric vehicles from its factory in Vietnam, Reuters is reporting. Vinfast has made a number of
Struggling Vietnam garment maker starts selling asset to cover losses
Garmex Saigon, which once had 3,700 workers on its payroll, had just 35 staff at the end of 2023, has started selling assets to cover losses, Tuoi Tre is reporting. This is after failing to secure any new orders for the firm in the fourth quarter of last year. Other
Key Vietnam manufacturing index rises, sign of improving demand
S&P Global Vietnam Manufacturing PMI hit 50.3 points in January suggesting a slight recovery for the sector–on the index 50 represents break-even with anything lower signalling a contraction and anything above signalling growth. Key takeaways The return to growth is only tentative with employment and purchasing fractionally lower and business
US$8 million of investment waiting for clarity on renewables in Vietnam
U.S. Undersecretary for Economic Growth and the Environment, Jose Fernandez, has told a press briefing in Hanoi that US firms could invest as much as US$8 billion, but that this hinges on clarity on renewable energy development in the country, Reuters is reporting. This was after meeting with Vietnam’s Prime
Korean Boeing supplier to build plant in Vietnam
South Korea’s KP Aero Industries intends to spend US$20 million on a new assembly plant in Vietnam, Reuters is reporting. Earlier reports from state media suggest the new factory will be in Danang in central Vietnam and cover 20,000 square metres. Whereas this announcement has been met with broad elation
Snapshot: Manufacturing in Vietnam, December 2023
Each month the-shiv provides a snapshot of the manufacturing sector in Vietnam covering the latest developments, key performance indicators, and government data. December overview There wasn’t much good news for Vietnam’s manufacturing sector in December. Whereas there had been a slight change of fortune early in the fourth quarter, in
Vietnam’s industrial production index rises in December
Vietnam recorded 5.8 percent growth in its industrial production index in December over a year earlier, The Investors has reported. For the year the country record just 1.5 percent. The GSO says under performance is the result of falling global demand. Performance by sector Manufacturing-processing sector grew by 1.6 percent;
Vietnam-Europe freight rates spike on Red Sea conflict
The price for shipping a forty-foot container from Ho Chi Minh City (HCMC) to Northern Europe has hit an average of US$3,700, 90 percent higher than in December of 2023, Tuoi Tre is reporting. This is as a result of conflict in the Red Sea which is seeing cargo ships
High production costs are holding Vietnam’s economy back: state media
Many businesses have had to downsize and many others have been forced to shut down altogether, partly due to high production costs, according to Vietnamnet. In particular the publication notes that: Capital costs are higher in Vietnam on the back of bigger risks; Transport infrastructure is haphazard and missing crucial
Vietnam’s garment and textile sector to have ‘difficult’ 2024
The year 2023, was the most difficult year in 30 years for the textile and garment industry in 30 years, according to Le Tien Truong, vice chairman of the Vietnam National Textile and Garment Group, and reported by Vietnam News. Key takeaways Garment and textile turnover dropped by 10 percent
Vietnam’s manufacturing sector business conditions continue to decline: S&P
S&P Global’s Purchasing Managers’ Index (PMI) recorded a decline in business conditions for the fourth month in a row in December, according to a press release from the firm. The well-known index recorded 48.9 points up from 47.3 in November. A score of 50 indicates no change, above 50 means
In today’s Vietnam news: Fuel prices cut, Double-digit growth target reinforced, New airport services delay approval requested, TikTok VN investment, Bybit in Vietnam, LG
In today’s Vietnam news: VN renews antidumping tariffs on Thai sugar, Power supply challenges continue, USTR tariffs forced labour, AMRO growth forecast downgrade, Foreign
In today’s Vietnam news: Fund outflows May, New HCMC airport trial operations to begin September, M&A HCMC 2026, Compensation for gas-to-electric bike switch Hanoi,
This is an interview with Chris Walker, a Vietnam Sourcing Expert with Vietnam Factory Tours how rising oil prices and the Middle East crisis are
This is an interview with John Gardner, CEO and Founding Partner, at Optimum Hospitality in Ho Chi Minh City. It covers fuel price impacts on:
This is an interview with Dr Nuno F. Ribeiro, Associate Professor, International Tourism & Hospitality Management at Copenhagen Business College, formerly of RMIT Vietnam. It