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IN Q1/2022, MANUFACTURING INDUSTRY INCREASED GROWTH ESP PROCESSING AND MANUFACTURING
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In the first quarter of 2022, industrial production continued to rise with the value-added of the whole industry increased by 7.07% compared to last year, in which the processing and manufacturing industry increased by 7.79%, continuing to play a leading role in the growth of the whole industry…
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WHAT SHOULD VIETNAM’S ENGINEERING INDUSTRY DO TO MEET $300 BILLION MARKET'S DEMAND?
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According to preliminary forecasts, Vietnam’s total mechanical market demand from now to 2030 may reach more than 300 billion USD. At present, Vietnam’s mechanical engineering industry only meets about a third of the domestic mechanical product demand.
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THE ELECTRONIC MANUFACTURING INDUSTRY MAINTAINED GOOD GROWTH IN 2021
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Despite many difficulties in 2021 due to the impact of the pandemic. However, thanks to a reasonable balance of production and business activities, the electronics industry has grown significantly in terms of both industrial production and export turnover.
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SUPPLYING PRODUCTS FOR THE MANUFACTURING INDUSTRY: LINKING IS INEVITABLE
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Although there are many policies to encourage domestic enterprises to participate in the production chain of multinational corporations in the manufacturing sector, the majority of products of enterprises are limited in price and quality.
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VIETNAM ESTABLISHED A CONSULTING GROUP FOR UKVFTA
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Minister of Industry and Trade Nguyen Hong Dien has just signed Decision 401/QD-BCT establishing and regulating the organization and operation of the Vietnam Domestic Advisory Group (DAG) within the framework of Chapter 13 of the Free Trade Agreement between Vietnam and the United Kingdom of Great Britain and Northern Ireland (UKVFTA).
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CAR PRICES IN VIETNAM SET TO BE CHEAPER
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In 2022, domestic car manufacturing enterprises are expected to solve the localization problem soon to reduce the cost of domestic car production and assembly. Good news for the domestic assembled car market, the Ministry of Finance has just completed a draft Decree extending the deadline for paying excise tax on cars manufactured or assembled in the country.
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