Vietnam ranks second among 'promising' countries for Japanese manufacturers: JBIC

Vietnam ranks second among 'promising' countries for Japanese manufacturers: JBIC

Vietnam has been ranked second among the most "promising" countries for overseas business over the medium-term (next three years), according to a survey conducted by the Japan Bank for International Cooperation (JBIC) among Japanese manufacturers.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam factory activity contracts after 2-month improvement: S&P Global

Vietnam factory activity contracts after 2-month improvement: S&P Global

Vietnam’s manufacturing sector slightly decreased in March due to weaker demand after recording marginal improvements in the first two months of the year while confidence in the outlook for the year ahead hit an 18-month high.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Thailand’s economy faces long-term downturn

Thailand’s economy faces long-term downturn

Long-term structural obstacles in the export and manufacturing sectors are having significant impacts on Thailand's economy while affecting its ability to compete globally, the Bank of Thailand (BoT) has reported.

Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam factory activity rises for first time in five months ahead of Lunar New Year holiday: S&P

Vietnam factory activity rises for first time in five months ahead of Lunar New Year holiday: S&P

Vietnam’s Manufacturing Purchasing Managers' Index (PMI) moved back above the 50.0 no-change mark in January, rising to 50.3 from 48.9 in December, buoyed by increases in new orders and output in the lead up to the Lunar New Year (Tet) holiday, said S&P Global.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Disbursed Jan-Nov FDI in Vietnam hit $20.25 bln, a record high in 5 years

Disbursed Jan-Nov FDI in Vietnam hit $20.25 bln, a record high in 5 years

Registered foreign direct investment in Vietnam reached $28.85 billion in the year through November 20, up 14.8% year-on-year, while disbursed capital hit $20.25 billion, up 2.9% and a record high in five years.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam industrial property picture sees contrasting colors

Vietnam industrial property picture sees contrasting colors

While northern Vietnam’s industrial real estate market attracts investors in fields with high added value such as electronics, computers, automobiles, machinery and equipment, the south region is a magnet for rubber, plastics, food, beverage, construction materials and garment businesses.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Nghe An province invites US investments in semiconductor, electronics

Nghe An province invites US investments in semiconductor, electronics

Nghe An, Vietnam's largest province, has called on American businesses to invest in the prioritized industries of semiconductors, electronics, manufacturing, materials and banking-finance.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Registered Jan-Oct FDI in Vietnam rises 14.7% to $25.8 bln

Registered Jan-Oct FDI in Vietnam rises 14.7% to $25.8 bln

Registered foreign direct investment in Vietnam hit $25.76 billion in the year to October 20, up 14.7% year-on-year, according to the Ministry of Planning and Investment.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

ManpowerGroup highlights top industries attracting employers in Vietnam

ManpowerGroup highlights top industries attracting employers in Vietnam

Manufacturing, processing, and high-tech industries are among the fields that are attracting employers to Vietnam, says Simon Matthews, regional manager of workforce solutions company ManpowerGroup Vietnam, Thailand, and the Middle East.

Executive Talk - Mon, Dec 22, 2021 | 11:30 am GMT+7

Trina Solar Vietnam factory churns out silicon wafers

Trina Solar Vietnam factory churns out silicon wafers

The Vietnam factory of China-headquartered solar panel maker Trina Solar has rolled out its first silicon wafers slated for domestic consumption as well as exports to the U.S. and Thailand.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

K-sure’s $110 mln funding to boost Vietnam wind tower manufacturing

K-sure’s $110 mln funding to boost Vietnam wind tower manufacturing

The Korea Trade Insurance Corporation (K-Sure), which promotes trade and overseas investment of South Korean companies, will provide financial support of $110 million to expand a wind tower plant near Ho Chi Minh City.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Major Taiwan electronics makers charmed by Vietnam

Major Taiwan electronics makers charmed by Vietnam

Leading Taiwan-based electronics manufacturers, in their efforts to diversify supply chains, have constantly found Vietnam as a destination to open new factories or expand production.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam new source for rare earths magnet companies

Vietnam new source for rare earths magnet companies

South Korea's Star Group Industrial (SGI) and China's Baotou INST Magnetic are set to open factories in Vietnam to explore rare earth deposits, according to Reuters.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

First Solar US, Vietnam plants secure highest auditing status

First Solar US, Vietnam plants secure highest auditing status

Manufacturing facilities of leading American solar module producer First Solar in the US and Vietnam have achieved platinum status, the highest possible auditing rating, the firm says.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Most manufacturing firms expects market to recover in 12 months

Most manufacturing firms expects market to recover in 12 months

As many as 69% of manufacturing firms expect the market to recover in 12 months or more, according to a newly-released survey by VietnamWorks, a leading job website in Vietnam.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam's Manufacturing Purchasing Managers' Index rises to 48.7

Vietnam's Manufacturing Purchasing Managers' Index rises to 48.7

The Vietnamese manufacturing sector improved in July against June but its Manufacturing Purchasing Managers' Index (PMI) is still under 50, which separates expansion from contraction, S&P Global said Tuesday.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam’s July industrial production up 3.9% against June

Vietnam’s July industrial production up 3.9% against June

Vietnam’s index of industrial production (IIP) increased by 3.9% in July over the previous month and by 3.7% year-on-year, the General Statistics Office announced Saturday.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

VinFast EVs showcased in Israel prior to exports

VinFast EVs showcased in Israel prior to exports

Israeli car distributor B-EV Motors has introduced electric vehicles (EVs) made by Vietnamese carmaker VinFast in Tel Aviv ahead of official exports to be announced at a later date.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

ADB lowers Vietnam growth forecast to 5.8%

ADB lowers Vietnam growth forecast to 5.8%

The Asian Development Bank (ADB) on Wednesday revised its Vietnam growth forecast down to 5.8% for 2023 and 6.5% for 2024, from 6.5% and 6.8% in April, respectively.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Nippon Express ramps up expansion in Vietnam

Nippon Express ramps up expansion in Vietnam

Nippon Express (Vietnam) Co. will continue to expand its services to meet the diversifying logistics needs of customers in the rapidly growing Vietnamese market, its parent company Nippon Express Holdings said.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam braces for increased foreign R&D investments

Vietnam braces for increased foreign R&D investments

Vietnam is becoming a popular destination for research and development (R&D) among multinationals as the country cements its status as a new global manufacturing hub.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam industrial property developers look to reap MNCs’ supply chain diversification gains

Vietnam industrial property developers look to reap MNCs’ supply chain diversification gains

Vietnam's industrial real estate continues to attract both domestic and foreign investors looking to benefit from the supply chain diversification initiatives of multinational corporations (MNCs).

Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Sustained drop in new orders amid weak demand in Vietnam: S&P

Sustained drop in new orders amid weak demand in Vietnam: S&P

Manufacturers in Vietnam continued to struggle in the face of weak market demand as the second quarter drew to a close, with both output and new orders falling again in June, S&P Global said on Monday.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam property market to recover in 2024: Cushman & Wakefield

Vietnam property market to recover in 2024: Cushman & Wakefield

The ailing Vietnamese real estate market is expected to pick up next year and rally in 2025 as it becomes a more institutional investor market, prominent property services firm Cushman & Wakefield said.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam giant Thaco mulls stake sale in $5 bln automaker

Vietnam giant Thaco mulls stake sale in $5 bln automaker

Thaco Group, one of Vietnam’s leading private conglomerates, is considering bringing in an investor into its automobile arm Thaco Auto in a deal that could value the producer at around $5 billion, Reuters said Wednesday.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

AD Green launches $45 mln solar panel plant in northern Vietnam

AD Green launches $45 mln solar panel plant in northern Vietnam

Vietnamese private conglomerate Damsan’s AD Green has inaugurated a $45 million, 3-gigawatt factory in northern Vietnam, manufacturing solar panels for domestic and overseas markets.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

WB advises streamlining procedures to boost Vietnam growth

WB advises streamlining procedures to boost Vietnam growth

Streamlining administrative procedures and removing regulatory hurdles could help promote activities and investments for economic growth, the World Bank said in its June edition of Vietnam Macro Monitoring.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Millions of industrial park workers in need of housing

Millions of industrial park workers in need of housing

Vietnam currently employs around 4.5 million workers at its industrial parks, and around half of them are in need of accommodation, equivalent to 12.5 million square meters of housing, according to property consultancy Savills.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam on the path to growth

Vietnam on the path to growth

Vietnam is well-positioned for growth as it is an example of a country experiencing success in navigating multilateral trade, wrote Nathan Hunt, head of content, social media & digital marketing, S&P Global.

Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7

Top Korean firms to attend business forum in Vietnam to boost trade

Top Korean firms to attend business forum in Vietnam to boost trade

Executives from South Korean leading conglomerates will attend an economic forum in Vietnam on June 24 as both countries seek to expand economic cooperation.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

New orders decline to 20-month low in Vietnam: S&P Global

New orders decline to 20-month low in Vietnam: S&P Global

Vietnam’s manufacturing sector contracted further in May with a steepening decline in new orders amid worsening global demand, ratings agency S&P Global announced on Thursday.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Taiwan printed circuit maker TBT considers second Vietnam plant after $30 mln first

Taiwan printed circuit maker TBT considers second Vietnam plant after $30 mln first

Taiwan PCB Techvest (TPT), which makes and supplies double-sided and multi-layer printed circuit boards, plans to build its second manufacturing facility in Vietnam while more Taiwanese companies are shifting production to the country from China.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam's FDI inflows to remain resilient

Vietnam's FDI inflows to remain resilient

VinaCapital’s chief economist Michael Kokalari points out reasons why Vietnam continues to be a prime destination for foreign direct investment (FDI), particularly from multinationals looking to produce for export and seeking an alternative and/or additional manufacturing base to China.

Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7

BYD to make electric cars in Vietnam in supply chain diversification

BYD to make electric cars in Vietnam in supply chain diversification

BYD, dubbed China’s Tesla, will expand its investment in Vietnam with plans to manufacture electric vehicles (EVs) in the country for the market and others in Southeast Asia, BYD chairman Wang Chuanfu said.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

New orders for Vietnam decrease at fastest pace in 2023: S&P Global

New orders for Vietnam decrease at fastest pace in 2023: S&P Global

The Vietnamese manufacturing sector saw a further decline in April as demand remained subdued, with both output and new orders falling for the second month running, ratings agency S&P Global announced on Thursday.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7