manufacturing industry
The Vietnamese government is being advised to formulate a new law on industrial development in order for the country to have a more proper legal network that can attract more industrial investors.
Vietnam faces steep decline in production output in July
The fourth wave of Covid-19 led to a further disruption in the country’s manufacturing sector in July, with production output falling at the fastest pace since April 2020.
Ministry of Industry and Trade proposes unprecedented new law
The Ministry of Industry and Trade (MoIT) said that, while most sub-industries are covered by laws, activities in the processing and manufacturing industry have not had specific regulations.
Big investors pouring money into Vietnam's manufacturing industry
Instead of injecting money into the real estate or service sector which allows profit after a short time, Vietnam’s most powerful corporations are investing in the processing and manufacturing industry.
93 percent of Korean firms satisfied with investments in Vietnam: survey
Up to 93 percent of the businesses from the Republic of Korea (RoK) are satisfied with their investments in Vietnam, according to a recent survey conducted by the Korea Trade and Investment Promotion Agency (KOTRA).