Vietnam’s Manufacturing Purchasing Managers' Index (PMI) recorded a return to growth in early 2024, driven by an improved economic outlook that led to an increase in new orders, S&P Global has reported.

The index of industrial production (IIP) in January fell 4.4% month on month but still went up 18.3% year on year, reported the General Statistics Office (GSO).

Vietnam’s manufacturing sector displayed signs of improvement in January 2024, ending a five-month falling streak, as the S&P Global Manufacturing Purchasing Managers’ Index (PMI) rose to 50.3 from December’s 48.9.

VOV.VN - Vietnam is one of the several leading countries that can benefit from the CHIPS and Science Act of the United States with large funds to be allocated, reported Nikkei Asia quoting Jose Fernandez, US undersecretary of state for economic growth, energy and the environment.

VOV.VN - Prime Minister Pham Minh Chinh and senior Vietnamese officials attended a panel discussion with global businesses in Davos, Switzerland, on January 16, examining ways to develop artificial intelligence (AI), automobile technology, semiconductor chips and ecosystems in Vietnam.

The sales index of the processing and manufacturing sector in December 2023 rose 3.1% month-on-month and 5.1% year-on-year, according to the Ministry of Industry and Trade (MoIT).

VOV.VN - Vietnamese billionaire Pham Nhat Vuong, founder and chairman of Vingroup JSC – VinFast parent company - has just assumed his new role as Chief Executive Officer of VinFast, the leading electric vehicle manufacturer in Vietnam.

Vietnam’s high-value manufacturing is expected to grow, with the government intent on increasing manufacturing’s share of the economy from 25% to 30% by 2030 by attracting more high-value manufacturing investment, said the “Strength through Diversification: Opportunities across Asia Pacific” report by Cushman & Wakefield.

To gain a firm foothold in the European market, Vietnamese enterprises have been advised to soon adapt to the European Green Deal (EGD) to meet new requirements of this choosy market.

VOV.VN - Prime Minister Pham Minh Chinh has called on foreign businesses, including Japanese firms, to develop the semiconductor industry in Vietnam which is given priority in its development policy.