Tags: manufacturing sector

Downturn in Vietnamese manufacturing sector intensifies

Downturn in Vietnamese manufacturing sector intensifies

The Vietnamese manufacturing sector saw an intensification of the downturn last month with Manufacturing Purchasing Managers' Index (PMI) decreasing to 32.7 as a result of the coronavirus pandemic (COVID-19).

Manufacturing sector drives economic growth

Manufacturing sector drives economic growth

The manufacturing and processing industry drove economic growth in 2019 with production volume increasing 11.29 percent over the previous year, according to the General Statistics Office (GSO).

PMI rises to 52.5 last month

PMI rises to 52.5 last month

It was a positive end for the Vietnamese manufacturing sector in 2017 with the Manufacturing Purchasing Managers’ Index (PMI) rising to 52.5 in December from November’s 51.4, according to the latest survey from Nikkei’s IHS Markit that released on January 2.

Vietnam’s economy to grow 6.4% in 2017

Vietnam’s economy to grow 6.4% in 2017

VOV.VN - Vietnam’s economy is predicted to grow 6.4% this year, according to a report by the Vietnam Institute for Economic and Policy Research.

Economists still upbeat on Vietnam

Economists still upbeat on Vietnam

Despite facing numerous challenges, some international organisations remain optimistic about Vietnam’s economic prospects for 2016 due to surging manufacturing and foreign investment.

Vietnam’s exports reach US$96.83 billion in seven months

Vietnam’s exports reach US$96.83 billion in seven months

Vietnam’s total export turnover in the first seven months of the year was US$96.83 billion, representing an annual increase of 5.3%, said Duong Duy Hung, Director of the Ministry of Industry and Trade’s Planning Department.

TPP to drive manufacturing

 TPP to drive manufacturing

Vietnam, the second-smallest economy among the TPP member countries after Brunei, is set to be a major beneficiary as the agreement will increase investment in its manufacturing sector, deepen the supply chain, and accelerate export growth.

Production records growth decline

Production records growth decline

Vietnam’s economic situation in the first quarter of 2016 is not as sunny as predicted, mostly due to feeble local production.

Trade counsellors conference focuses on exports

Trade counsellors conference focuses on exports

VOV.VN -Featuring high-level speakers from the government, non-governmental organizations and the private sector, Vietnam’s trade counsellors conference took place recently before a packed audience in Hanoi.

Taiwan shoemaker expanding in Vietnam ahead of TPP

Taiwan shoemaker expanding in Vietnam ahead of TPP

Pou Chen Corp, the world's largest contract shoemaker, has become the latest Taiwanese manufacturer to shift its focus to Vietnam in anticipation of favorable tariffs brought by a Pacific Rim trade deal.

EU investments start to recover

EU investments start to recover

Foreign direct investment (FDI) from the European Union (EU) to Vietnam is recovering this year after a downtrend since 2011, according to a report from the Ministry of Planning and Investment's Foreign Investment Agency (FIA).

Expos to give shot in the arm to manufacturing sector

Expos to give shot in the arm to manufacturing sector

ASEAN’s leading exhibition organiser Reed Tradex Co., Ltd. hopes to drive the growth of the manufacturing industry in Vietnam via its two high-profile exhibitions, Vietnam Manufacturing Expo 2015, and NEPCON Vietnam 2015.

Manufacturing sector enjoys strong growth

Vietnam's manufacturing sector continued to show signs of strengthening during December, recording the most improvement in eight months. Growth was supported by stronger gains in output and new orders, whilst companies continued to add to their payroll numbers at a solid rate.