Stable supporting industries and restructuring of chains for industrial production are crucial to improving the country’s manufacturing sector, according to Vietnam Chamber of Commerce and Industry (VCCI).

Vietnam’s manufacturing sector gained growth pace at the end of the first quarter, with marked increases in output, new orders and exports, leading to stronger rises in employment and purchasing activity, according to a report by the London-based global information provider IHS Markit.

Vietnam’s industry grew 6.5% year on year in the first three months of 2020, with the manufacturing and processing sector expanding 9.45% and remaining as the main engine of the economic growth.

The processing and manufacturing sector took the lead in attracting foreign investment in the first three months to March 20, absorbing over US$5 billion, or 49.6%, announced the Foreign Investment Agency (FIA) at the Ministry of Planning and Investment.

VOV.VN - As of March 20, Vietnam has attracted US$10.13 billion worth of foreign direct investment capital, an increase of 18.5% compared to the same period of 2020, according to Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

VOV.VN - Bangladeshi newspaper The Daily Star recently run an article highlighting the various advantages of the Vietnamese garment-textile sector, including its low lead time, quality fabric, and upmarket focus.

The EU Industry Week 2021, being held on March 22 and 23 both online and in Binh Duong Province, is aimed at providing a platform to introduce green manufacturing technologies, where state-of-the-art and future perspectives of sustainable manufacturing will be discussed and new technologies and solutions presented.

Japanese medical device manufacturer Nipro has been licensed to adjust upward its investment at the Saigon Hi-Tech Park (SHTP) in HCMC by US$270 million to US$570 million, and will start the production of dialyzers in the city, according to the SHTP management board.

VOV.VN - Vietnam will join China and the Republic of Korea to co-host Asia NEPCON LIVE, an exclusive electronics exhibition for the manufacturing industry on March 26 via an online format.

Business activities in the Vietnamese manufacturing sector improved, as the number of new orders jumped in February due to the rising demand from the global market, which, in turn, saw firms raising output, staffing levels and purchasing activity.