Indonesia’s Ministry of Industry has been effectively supporting small- and medium-sized enterprises (SMEs) in adopting appropriate technology through the Startup4Industry (S4I) Rebranding Programme.
Thailand saw nearly 2,000 factory closures last year, seriously affecting the manufacturing sector that contributes nearly a quarter of its gross domestic product (GDP).
Vietnam's industrial sector experienced positive growth in the January-May period, with 55 out of 63 provinces and centrally-run cities nationwide reporting annual increases in the Index of Industrial Production (IIP), according to the General Statistics Office (GSO).
The International Exhibition on Industrial Machinery, Equipment, Technology and Products in Ho Chi Minh City (VINAMAC EXPO 2023) opened at the Saigon Exhibition and Convention Centre (SECC) in District 7 on November 15.
The decline of the processing and manufacturing industry in the first quarter of 2023, leading to a decline in economic growth, signals an urgently need to have effective policies and solutions to support the economy.
The added value of the industrial sector rose 8.48% in the first half of 2022 against the same period last year, with manufacturing and processing up 9.66%.
The industrial property market is expected to heat up this year, driven by an influx of foreign direct investment (FDI), thanks to an improved manufacturing sector and border reopening which has helped raise investors' confidence.
Vietnam’s industrial production recorded an increase of 4.82 percent in added value compared to 2020, according to figures from the General Statistics Office (GSO).
The northern province of Thai Binh has rolled out policies in promoting the development of the industrial sector at large and supporting industries in particular, with priorities given to garment-textile, mechanics and electrical/electronic devices.
Vietnamese enterprises operating in the support industry, which account for 4.5 percent of the total number of enterprises operating in processing and manufacturing, are facing several challenges, according to Akutsu Michio, consultant of the Japan Association of International Business Consultants.
Indonesia and Japan continue to further intensify comprehensive economic cooperation, especially in the industrial sector, and the synergy between the two countries is expected to have a positive impact on stimulating business enthusiasm amid the ongoing COVID-19 pandemic.
Central provinces must adjust their socio-economic development goals and strategies to minimise the adverse effects brought by the COVID-19 pandemic and natural disasters in 2020, officials have said.
The added value of the industrial sector increased by 3.36 percent last year, higher than the average growth pace of the national economy, statistics show.
The industrial sector of the northeastern province of Quang Ninh enjoyed a year-on-year growth of 11.98 percent in 2020, according to figures revealed by the provincial statistics office on December 29.
More than half a billion dollars in tax returns have been awarded to firms since 2017 in a bid by the Government 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 Ministry of Planning and Investment (MPI) said it had advised the Government to implement a number of policies to support Vietnam’s industrial sector, especially the supporting industry.
The northern province of Vinh Phuc’s industry has been growing to become a key economic sector that contributes greatly to the local gross regional domestic production (GRDP).
The Indonesian government is preparing additional stimulus packages for the industrial sector, which was heavily affected by the COVID-19 pandemic, according to Minister of Industry Agus Gumiwang Kartasasmita.
