PROCESSING AND MANUFACTURING INDUSTRY IN VIETNAM

Investment in Vietnam - Vietnam is a nation of high industry potential in its manufacturing sector. Automation, energy efficiency, economic control and quality & safety are Vietnam’s top areas within this sector, that contributes a large portion to its economy. In 11 months of 2017, the foreign investors have invested in 19 industry sectors, the processing and manufacturing sector is attracting the much attention of foreign investors with total capital of US$ 14,95 billion, accounting for 45.2% of total registered capital in 11 months of 2017. The reason to this success is that investing in the processing and manufacturing industry in Vietnam encounters little risk, and takes advantage of cheap labor and energy. According to the Ministry of Planning and Investment, the manufacturing and processing industry is attracting the most foreign direct investment (FDI) in Vietnam , attracting more than 70% of FDI. On average, Vietnam attracts more than US$ 10 billion in f...

Investment in Vietnam - Facing growing domestic consumption needs due to population growth and living standards, the food processing industry requires to be expanded and much more paid attention. Growth of the industry is considered to have great potential and development prospects in the future, so its investment opportunity is extremely large. Status of investment in processing industry is limited Despite ownership of abundant agricultural raw materials, Vietnam's most products were exported to the foreign market, mainly in its natural state. In addition to that although the FDI situation in Vietnam increases every year, actually the capital flows poured into this sector is not really much. Up to the end of October 2017, 128 countries and territories registered to invest in Vietnam, total registered capital of nearly US$ 313 billion with 24,199 projects. However, the food processing sector only attracted over US$ 4 billion with 295 projects. The leading FDI projects ...

Invest in Vietnam - Investment opportunity in Vietnam The annual consumption value of Vietnam is estimated at 15% of GDP and the demand for food consumption in the Vietnamese market increases by approximately 10% per year, while production capacity and supply is still very limited. In a recent study conducted by Business Monitor International, the growth rate of the Vietnamese food sector will remain at 10.9% for the period 2017 - 2019. The    investment opportunities in this field in Vietnam are very large.  Consistently with this view, representatives of the European Business Association in Vietnam said that Vietnam had a large domestic market with more than 90%. The majority of Vietnam's population is young and in great need of using processed products. Imported processed food products are also very popular among Vietnamese youth and consumers. Therefore, European businesses are planning to boost investment in this field in Vietnam in the future. ...

Invest in Vietnam - Data updated in 11 months of 2017 Industrial production continued to increase over the same period last year, with production index of the whole industry in November increased 17.2% over the same period in 2016; In 11 months of 2017, industrial production index increased 9.3% over the same period last year. As estimated by the General Statistics Office (MPI), industrial production continued to increase over the same period last year. Industrial production index in November was estimated to increase by 17.2% over same period last year, of which the processing and manufacturing sector increased by 24.3%; up 13% of electricity production and distribution; up 10% of water supply and waste treatment; Only mining sector decreased 4.1%. In the aggregate for 11 months of 2017, industrial production index increased 9.3% over the same period last year, higher than the increase of 8.7% in 10 months this year and much higher 7.4% for the same period of 2016. ...

Investment in Vietnam - Invest in Processing and Manufacturing Sector. Data updated in the first 9 months of 2017 According to the General Statistics Office of Vietnam (GSO), industrial production index in September increased by 13.2% against the same period last year, of which the processing and manufacturing sector increased high at 19.5%, electricity production and distribution increased by 10.4%, water supply and waste treatment increased by 8.4%; Particularly the mining sector continued to decline by 6%. In the aggregate for 9 months of 2017, industrial production index increased  by 7.9%, higher than the increase of 7.1% in the same period of 2016 and  of 7.2% of 8 months this year (including 3.9% in the first quarter, 8.1% in the second quarter and 9.7% in the third quarter). In all industries, some sectors have a 9 month manufacturing index increased high against the same period last year, such as: electronic product, computers and optical products ...

Processing and manufacturing industry in Vietnam Up to 2035, Vietnam will invest in high-tech manufacturing projects , such as robot, intelligent devices, microelectronic systems, nano mechatronic systems, CNC machine control software and mechatronics products. Processing and manufacturing industry in Vietnam The Ministry of Industry and Trade has issued Decision 4772 approving the master plan for industry and trade development of the Tonkin Gulf economic belt to 2025 with vision to 2035. The planning aims to build linking in the industrial and commercial development of the Tonkin Gulf economic belt with two economic corridors in order to effectively exploit its potential, advantages for industrial and trade development of localities in the region in particular and of the economic belt in general. Regarding the specific objectives, the master plan determines that the average growth rate of industrial production value in the period 2016-2020 is about 11.0% - 11....