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Update news manufacturing
The manufacturing sector in October saw significant expansion for the first time in five months as firms ramped up production to meet rising export orders spurred by the COVID-19 pandemic gradually coming under control, experts said.
The scarcity of chip supply that began in late 2020 has affected most manufacturing industries.
Vietnam's manufacturing sector still felt the effects of COVID-19 in May, although contraction was softer than in April as the virus was brought under control.
The Vietnam Manufacturing Purchasing Managers' Index (PMI) fell sharply to 41.9 in March from 49.0 in February, a survey by IHS Markit and Nikkei released on April 1 showed.
While COVID-19 will have a negative impact on Vietnam's economic growth in 2020, it will boost the relocation of manufacturing facilities from China to Vietnam.
The local supporting industries have seen positive movements after Vietnam has more thoroughly embraced its diverse new-generation free trade agreements.
Manufacturing, processing sector drives development, Techcombank posts huge jump in profit, Petroleum firms set out cautious plans for 2019, Napas appoints new general director, Vinapaco urged to equitise soon
Impressive Q2 growth, but risks still abound, SMEs urged to take advantage of FTA opportunities, Manufacturing, processing drive economic growth in H1, BSR changes to joint stock model
HCM City, Lotte group seal deal to build Eco Smart City, US company seeks to build solar energy plant in Can Tho, Dung Quat oil refinery works on expansion project, Manufacturing, processing industry lures FDI
Eximbank targets 2017 earnings of $26.35 million, Manufacturing, processing inventory increases 12.5 percent, Company prepares for export of poultry meat to Japan, Import-export earnings estimated over 89.3 billion USD
VietNamNet Bridge - It will take Vietnam hundreds of years to develop an aerospace industry of its own, experts say.
VietNamNet Bridge - Analysts have noted new characteristics of the current Japanese investment wave in Vietnam: more capital flow to retail, food supply and finance services.
Wood exports forecast to reach US$5.5 billion in 2013; Wastewater from seafood firms pollutes fish farms; Dragon Capital funds fall in June on ETF redemptions; Shoes, leather products showcased
A lot of Vietnamese were appointed as the chief executive officers (CEO) of the multinational conglomerates in Vietnam in 2012, the year of Dragon.