VOV.VN - As part of the world’s largest financial publication, Nikkei Asia has published an article outlining how Vietnam is preparing for a shift of investment from the world’s giant manufacturing "eagles".

Vietnam needs to have a law on the supporting industry to aid its development, according to the chairman of the Vietnam Chamber of Commerce and Industry (VCCI).

More than half a billion dollars in tax returns have been awarded to firms by the Government since 2017 in a bid to boost the country's auto industry and supporting industry, according to deputy director of the General Department of Vietnam Customs Luu Manh Tuong.

The start of the fourth quarter of the year saw the continued recovery of the Vietnamese manufacturing sector, with the country’s Manufacturing Purchasing Managers' Index (PMI) posting 51.8 in October.

The International Finance Corporation (IFC) recently announced its cooperation with An Phat Holdings (APH) and an expected investment of US$20 million to fund APH’s first compostable material manufacturing plant in Vietnam and the largest of its kind in Southeast Asia.

VOV.VN - Vietnam attracted a total of US$23.48 billion in foreign direct investment (FDI) during the opening ten months of the year with Singapore leading the way at US$7.51 billion, making up 31.9% of overall investment in the country, according to statistics released by the Ministry of Planning and Investment.

For many people, the news that automobile manufacturers have paid high amounts of tax to the state in the context of slow auto sales indicates that cars are being sold at sky-high prices in Vietnam.

Sales of automobiles in September increased 32% against the previous month to reach 27,252 units, the Vietnam Automobile Manufacturers’ Association (VAMA) reported on October 10.

Garment and textile companies need to develop a strategy for digital transformation to ensure their survival and future development, a seminar heard in HCM City on October 6.

Manufacturing sector returned to growth in September as concerns around the outbreak of the COVID-19 pandemic in the country eased. Both output and new orders increased, while business confidence strengthened, and the rate of job cuts softened.