Processing And Manufacturing News Today

The regional PMI has seen a slight increase.

Policies are needed to boost the number of domestic enterprises participating in the supply chain of multinational companies, and a boost is necessary in the localisation rate of the processing and manufacturing industry, which now remain modest, insiders said.

Ho Chi Minh City licensed 807 foreign invested projects worth 3.54 billion USD in the first 11 months of this year, up 3.3% in value from a year earlier, according to the General Statistics Office.

Foreign capital inflows fell whereas disbursed capital rose in the first 10 months of 2022, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

Vietnam’s outbound investment, including both newly-registered and adjusted capital, exceeded 450 million USD in the first 10 months of this year, equivalent to nearly 70% of the figure recorded in the same period last year.

The index of industrial production (IIP) in the first eight months of 2022 surged 9.4% over the same period last year, according to the General Statistics Office (GSO).

Vietnam’s investment picture is brightening, especially in processing and manufacturing, but a dip in newly-registered investment is causing some worry.

Up to 85% of firms have an optimistic outlook for the business environment in Q4, whereas 15% are pessimistic about the future, according to a survey conducted by the General Statistics Office (GSO).

According to the General Statistic Office, in the first 5 months of this year, the industrial production index of Vietnam increased over the same period in 2020 despite the complicated developments of the COVID-19 pandemic.

HCM City reported a foreign direct investment (FDI) influx of 1.14 billion USD in the first four months of 2021, posting a year-on-year decline of 12.92 percent.