Vietnam ranks among Asia’s top producers and exporters of denim, with hundreds of factories producing denim fabric and garments. Vietnamese denim products are now exported to over 70 countries.
Experts have noted that automobile exports not only benefit businesses but also significantly contribute to the Vietnamese economy, while promoting the development of the supporting industry.
The 10th Vietnam-Japan Supporting Industries Exhibition (SIE) and the 14th Vietnam Manufacturing Expo (VME 2023) kicked off on August 9 in Hanoi, aiming to tighten the trade relationship of the two countries' enterprises in the supporting industry as well as promote the development of the industrial manufacturing sector in Vietnam.
Manufacturers in Vietnam continued to struggle in the face of weak market demand as the second quarter drew to a close. Output and new orders fell again, with the former in part reflecting power outages caused by heatwaves, according to S&P Global.
Vietnam's motorcycle market has been among some of the fastest-growing markets in the world in the last decades despite setbacks brought by the COVID-19 global pandemic, according to the Vietnam Association of Motorcycle Manufacturers (VAMM).
Thai steel manufacturers are planning to increase their domestic prices following a rise in operational costs, from raw material prices and electricity bills to the higher daily minimum wage, the Bangkok Post reported.
Over the last decade, Vietnam has become a top destination for investment in manufacturing thanks to four reasons, according to an article freshly published by the news site tradefinanceglobal.com.
The 17th International Exhibition on Automobile, Transportation and Supporting Industry (Vietnam AutoExpo 2021) will take place at the Vietnam National Convention Centre in Hanoi from August 19 to 22, gathering leading brands of commercial and specialised vehicles and motorcycles as well as supporting industries.
Singapore's Economic Development Board (EDB) and Department of Statistics (DOS) recently released survey reports about business expectations, showing companies in the country are less pessimistic about business for the six months starting this October.
Japan will launch a subsidy programme to encourage domestic manufacturers to transfer their overseas production bases to Southeast Asia, as the coronavirus pandemic has greatly disrupted their supply chains heavily dependent on China.
Vietnamese enterprises are set to take part in the Vibrant Goa Global Expo and Summit to be held in October in Goa, India, delegates have told a seminar to introduce the event in Ho Chi Minh City.
Vietnam’s booming economy will see another surge of new investment after signing a free trade agreement with the European Union (EU) that could hasten the exodus of manufacturers from China.
The increasing amount of smart urban areas and green buildings has triggered demand for environmentally-friendly building materials in Vietnam, experts said.
Manufacturers from the Republic of Korea have been shifting the focus of their overseas direct investment to Vietnam from China thanks to tax benefits, cheaper labour and other favourable conditions, said a report released by the Federation of Korean Industries on November 22.
Chairman of the Hanoi People’s Committee Nguyen Duc Chung and a delegation from the capital city are embarking on a working visit to some European countries, arriving in Germany on June 19 as their first stop.
Aquatic product exporters should devise proper strategies to make inroads into to China – a potential but choosy market, experts said at a workshop held in Ho Chi Minh City on August 30.
The Purchasing Managers’ Index (PMI) of Vietnam dipped to 54.1 in April, a slight decline from March’s 22-month high of 54.6, reported Nikkei on May 3.
