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 plastics industry exports on the decline
Plastics exports from Vietnam reached only US3.7 billion from January to September of this year, a 12.2 percent dop year-on-year, Vietnam News is reporting. This has been attributed to the broader global economic slowdown by the Vietnam Plastics Association. Of note: Last week, a request to increase import taxes on
Vietnam-owned garment firms struggle against foreign counterparts
VN Express is carrying a feature on the garment sector focused on the gap between the levels of success experienced by local firms versus foreign-invested enterprises. It carries a number of key points regarding the challenges the sector currently faces. These include: There is an overemphasis in Vietnam on new
Singapore firm inaugurates Asia’s biggest black soldier fly farm in Vietnam
Singapore’s Entobel, opened its latest project in Vietnam last week, a black soldier fly factory to produce feed for Vietnam’s rapidly growing aquaculture industry, per a press release on PR Newswire. Entobel says it chose Vietnam for its: tropical climate, which is the ideal environment for black soldier flies; Vietnam’s
Import tax hikes suggested to support local plastics business
Vietnam’s Ministry of Finance has knocked back a request from the Long Son Petrochemicals Complex, to increase import tariffs on several plastics products , The Investor is reporting. Why it matters: If it had been approved this would have gone against Vietnam’s general policy of removing barriers to trade. That
Intel still intends to expand its operations in Vietnam: Vietnam News
Intel has not abandoned plans to expand its operation in Vietnam, despite reporting to the contrary, Vietnam News is reporting. Reuters reported earlier this month that these plans had been shelved sparking a flurry of debate over Vietnam’s future in semiconductor supply chains. The aforementioned Vietnam News article has reported
Vietnam IPOs so far this year net just US$7 million
The only three IPOs in Vietnam so far this year pulled in just US$7 million, The Investor is reporting. The publication is referencing a report from Deloitte and suggests that the Ho Chi Minh City Stock Exchanges poor performance this year has seen firms delaying their IPOs. The three IPOs
Chinese tech manufacturer to set up shop in northern Vietnam
HG Tech, a Chinese manufacturer that specializes in optical devices, lasers, sensors and car parts, is planning a US$50 million factory in northern Vietnam’s Bac Ninh province, The Investor is reporting. The factory is slated to cover five hectares and will supply an increasing number of HG Tech customers in
Snapshot: Manufacturing in Vietnam, October 2023
Each month the-shiv provides a snapshot of the manufacturing sector in Vietnam covering the latest developments, key performance indicators, and government data. Overview Vietnam’s manufacturing industry continued to struggle in October compared to a year earlier. Lower demand in key export markets due to a number of global challenges continued
Chinese electronics maker to more than double investment in Vietnam
Chinese firm Luxshare-ICT is set to expand its operations in Vietnam’s Bac Giang province by $330 million, The Investor is reporting. This will bring its investment in Vietnam to US$504 million. Luxshare-ICT makes cables for various electronic devices.
Shift from cash-up-front to consignment weighing on Vietnam exporters
Exporters are struggling under the weight of their export partners shifting to consignment-based payment arrangements rather than cash-up-front, according to Vu Hoang Ta Bui, director of Ho Chi Minh City’s Department of Industry and Trade. He also says that green production requirements–the European Union’s Strategy for Sustainable and Circular Textiles
Intel’s planned expansion in Vietnam has been put on ice
A planned exapansion of Intel’s Vietnam operations will no longer go ahead, according to Reuters. Intel was set to nearly double its operations in the Southeast Asian nation according to the publication. Why it matters: Vietnam has been pushing semiconductor manufacturing as a key step toward its high-tech manufacturing dream.
Vietnam’s industrial production index up 0.5 percent over Jan-Oct
This is per General Office of Statistics data and despite the manufacturing sector experiencing a broad downturn in response to lower demand for Vietnam’s exports, VN Express is reporting. Conversely, S&P Global’s Purchasing Manager’s Index has found the sector to be in contraction for most of this year. The index
German tech manufacturing firm opens factory in northern Vietnam
The Harting Technology Group has opened a new, 2,500 square meter factory in Vietnam’s Hai Duong province, Cong Thuong is reporting. The German company currently manufactures electronic connectors and industrial-grade data cables.
🇻🇳 Textile and garment firms still struggle amid low demand in key export markets
The 3,700 workers Garmex Saigon Corporation had in 2021 was whittled down to 1,900 workers last year, and this year has dropped to just 37 on lower demand for Vietnamese garments, Dan Tri is reporting. Why it matters: Layoffs have been common throughout the industry this year and attributed mostly
Context: Vietnam has overtaken South Korea to become US’s 6th largest trading partner
Note however that, South Korea’s Samsung accounts for almost 20 percent of Vietnam’s exports. Furthermore, other big South Korean firms like LG and Huyndai also do a large portion of their manufacturing in Vietnam. Taking this into consideration, and maybe looking at what share of US imports from Vietnam belong
Vietnam’s manufacturing sector still in contraction mode: S&P
S&P Global has released its Global Vietnam Manufacturing PMI for October and it[s not great. Vietnam’s PMI was 49.6 in October down from 49.7 in September. S&P found that new orders were up but only slightly–not enough to increase production and instead firms drew down on exiting inventory. Why it
Samsung Vietnam forecasts US$8 billion drop in exports in 2023
Samsung Vietnam is aiming to export US$57 billion worth of goods this year, VN Express is reporting. This is US$8 billion less than the US$65 billion it exported in 2022. Why it matters: Samsung Vietnam accounted for almost 20 percent of Vietnam’s total exports (US$371 billion) in 2022. A drop
Up to 80 percent of Vietnam garment makers impacted by US green manufacturing regs
Green textile and garment manufacturing regulations introduced in the US this year have created problems for 80 percent of Vietnamese textile and garment exporters, Saigon Giai Phong is reporting. Similar regulations in the EU, require garment and textile imports to meet ecological design criteria, which have seen 90 percent of
Industrial rents have jumped significantly in northern Vietnam
Land rents for industrial projects have increased by as much as 48 percent (Bac Ninh) in northern Vietnam in the past year on the back of increased interest from electronics firms, according to Savills and reported by The Leader. Vietnam’s rising star as a manufacturing hub is seeing demand rise
Taiwanese auto-parts maker to build new factory in northern Vietnam
Taiwan’s Waffer Technology wants to build a US$50.9 million plant in northern Vietnam’s Hai Duong province, The Investor is reporting. Wafer Technolgy intends to use the plant to make up to 10 million car parts and repair machines for export to the US and the EU.
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