Industry

This section highlights developments in Vietnam’s industrial sectors, including manufacturing, heavy industry, supporting industries, and industrial policy, based on reports from domestic media and official information.

  • |

    Vietnam Industry and Trade News Bulletin for AUGUST 01, 2023

    ByVN Industry and Trade Bulletin

    A. GENERAL ECONOMIC NEWS & MACROECONOMIC OUTLOOK 1. Growth Forecasts and Inflation Trends • Strong Growth Recovery: Vietnam’s economy is predicted to grow strongly in 2023, supported by four interest rate cuts within three months, bringing deposit rates down to approximately 7% and lending rates to 8-9%. • CPI and Core Inflation: In July 2023, the Consumer Price Index (CPI) increased by 0.45% compared to the previous month, with a 7-month average increase of 3.12%….

  • |

    Vietnam Industry and Trade News Bulletin for JULY 31, 2023

    ByVN Industry and Trade Bulletin

    A. POSITIVE ECONOMIC INDICATORS 1. Industrial Production Recovery • IIP Growth: The Industrial Production Index (IIP) in July 2023 showed signs of recovery, increasing by 3.9% compared to the previous month and 3.7% year-on-year. Notably, the processing and manufacturing sector rose by 3.6%, while electricity production and distribution increased by 4.1%. • Regional Performance: Several localities saw a sharp rebound in industrial activity, with Bac Ninh recording a significant 23.8% increase in its IIP for…

  • |

    Vietnam Industry and Trade News Bulletin for JULY 28, 2023

    ByVN Industry and Trade Bulletin

    A. POSITIVE ECONOMIC NEWS 1. Hydropower Recovery • Full Capacity Operations: Due to increased water levels from upstream, major plants like Hoa Binh and Ban Ve can now operate at 100% capacity, ending the period of restricted generation. 2. Trade Promotion • Viet-Lao Expo 2023: Opened in Vientiane with 250 booths. The Vietnamese section includes 120 booths showcasing pharmaceuticals, medical equipment, agriculture, textiles, and handicrafts. B. GENERAL ECONOMIC NEWS 1. Investment and Tax Policies •…

  • |

    Vietnam Industry and Trade News Bulletin for February 17, 2023

    ByVN Industry and Trade Bulletin

    A. IMPORT-EXPORT AND INTERNATIONAL TRADE 1. Energy and Petroleum Imports • Sharp Increase in Volume: In January 2023, petroleum imports reached 1 million tons ($879 million), a 92.6% increase compared to the same period last year. • Crude Oil Trends: Crude oil imports also hit 1 million tons ($621 million), up 43.8% over the same period in 2022. • Key Partners: Imports from South Korea tripled and from Singapore increased 2.5 times compared to the…