manufacturing

The UK's forecasting and quantitative analysing company Oxford Economics has given positive assessments on Vietnam, highlighting the rising role of the country in the global manufacturing supply chains.

A forum to promote investment in industries in Vietnam was held online on April 15 within the framework of the Vietnam International Trade Fair (Vietnam Expo 2021) in Singapore.

Several of Vietnam’s key export sectors, such as textile-garment, leather-footwear, and electronics have become magnets for merger and acquisition (M&As) activities, posing a risk of leading enterprises in those sectors being purchased by foreign investors.

Pretoria News, part of Independent Media - the leading South African media group, on April 7 published an article titled “Vietnam places hope in new leadership.”

The National Regulatory Authority (NRA) of Vietnam has achieved Maturity Level 3 for vaccine regulation, the second highest level in the World Health Organisation (WHO)’s four-level NRA rating scale, the Ministry of Health said on April 7.

Vietnamese Ambassador to the US Ha Kim Ngoc held phone talks with Ami Bera, a Democratic congressman representing California and Chairman of the Subcommittee on Asia, the Pacific, and Nonproliferation at the House Foreign Affairs Committee, on April 5.

Vietnam’s manufacturing sector gained growth pace at the end of the first quarter, with marked increases in output, new orders and exports, leading to stronger rises in employment and purchasing activity, according to a report by the London-based global information provider IHS Markit.

In an era of protectionism where the jitters of COVID-19 are still being felt by many economies, Vietnam is soaring to become one of the prime locations for export manufacturers, said a recent article published on the Hong Kong-based global industry analysis firm Counterpoint.

Deputy Prime Minister Trinh Dinh Dung has asked authorities of central Da Nang city to seize opportunities and make the best use of local potential and advantages to grow rapidly and sustainably.

The processing and manufacturing sector took the lead in attracting foreign investment in the first three months to March 20, absorbing over 5 billion USD, or 49.6 percent, announced the Foreign Investment Agency (FIA) at the Ministry of Planning and Investment.

Vietnam’s gross domestic product (GDP) in the first quarter of 2021 is estimated to rise 4.48 percent, higher than 3.68 percent recorded in the same period last year, the General Statistics Office (GSO) General Director Nguyen Thi Huong reported at a press conference on March 29.

The rapid suppression of the new COVID-19 outbreak in late January 2021 has helped maintain Vietnam’s positive outlook for economic recovery this year, the World Bank (WB) has said.

The UK’s MoneyWeek news website has run a story highlighting that Vietnam is one of the most promising markets of Asia in a long time thanks to the country’s success in COVID-19 control.

Many international organizations have forecast robust economic recovery for Vietnam in 2021.

Prof. Pankaj Jha of O.P. Jindal Global University in Sonepat of India has lauded Vietnam’s economic development in recent years.

Reuters news agency analysed factors that can turn Vietnam into a sci-tech hub on an article published on February 1, which commented on the Communist Party of Vietnam (CPV)’s aim for the nation to realise comprehensive development in 2045.

The outcomes of the Communist Party of Vietnam (CPV)’s 13th National Congress have continued to be in the spotlight of regional and international media outlets.

Foreign reporters have spotlighted the great role of the Communist Party of Vietnam (CPV) in the country’s development as well as achievements Vietnam achieved during 35 years of its Doi Moi (renewal) process.

The Straits Times of Singapore on January 28 ran an article that views 2021 as a year of opportunity for Vietnam while the Australian Financial Review (AFR) said Vietnam has become an essential cog in the global supply chains.