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).
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).
The manufacturing and processing sector garnered the most interest from foreign investors in 2018, attracting US$16.58 billion, or 47% of the registered capital.
Will buying an additional 45 per cent stake in Vietnam Italy Steel JSC (VIS) help Japanese Kyoei Steel to grow dominant in the steel manufacturing sector in Vietnam?
Vietnam’s manufacturing growth picks up in April following sharp rises in new orders and output.
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.
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.
Decades-old technologies are widely used across most sectors, keeping the country from becoming more competitive in the global market.
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 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.
The slowdown in retail and manufacturing sectors has reduced the speed of Ho Chi Minh City’s economic engine despite significant gains in services, trade, industry and agriculture.
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.
Vietnam’s economic situation in the first quarter of 2016 is not as sunny as predicted, mostly due to feeble local production.
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.
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.
Eight out of 10 member states of ASEAN have made investments in Vietnam with a total pledge of US$56.32 billion for 2,681 projects, the Foreign Investment Agency recently reported.
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).
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.
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.