Keyword: "manufacturing"

In February, the IIP was estimated to decrease by 2.2% compared to January, but expand by 17.2% compared to the same month last year.

Cuban Minister of Domestic Trade Betsy Díaz Velázquez has expressed a strong interest in fostering joint ventures with Vietnamese partners in manufacturing and trade within Cuba's domestic market.

Domestic car production in Vietnam is estimated at 388,500 units in 2024, marking a 27% rise from 2023, according to the General Statistics Office.

As 2024 draws to a close, Vietnam’s economy is nearing the finish line of its annual targets, and continued efforts are needed to secure the best possible outcomes.

The processing and manufacturing sector took the lead in attracting foreign direct investment (FDI), accounting for 64% of the 27 billion USD recorded as of October 31.

The northern port city of Hai Phong identified four pillars to develop its digital economy, namely information and communication technology (ICT) industry, digitalisation of economic sectors, digital governance, and digital data.

Hanoi’s gross regional domestic product (GRDP) in the first nine months of 2024 increased 6.12% compared to the same period last year, the Hanoi Statistic Office announced on October 3.

Foreign direct investment (FDI) in ASEAN, including Thailand, will increase thanks to the global trend of relocating manufacturing bases amid heightened US-China trade tensions, according CIMB Thai (CIMBT).

Singapore’s economy grew 2.9% year on year in the second quarter of 2024, comparable to the revised growth rate of 3% in the previous quarter, going by advance estimates from the Ministry of Trade and Industry (MTI) on July 12.

Production and business activities of domestic enterprises have shown positive signs of recovery. Many enterprises have obtained orders for the second or even the third quarter of 2024.

Industrial production continued to thrive in the first quarter with the entire sector’s added value rising 6.18% year on year, the Ministry of Industry and Trade (MoIT) reported.

The Vietnamese economy is forecast to expand at 5.5% in the first quarter of the year as manufacturing and trade regain momentum, according to the United Overseas Bank Limited (UOB).

Thailand's economy grew by 1.8% in 2023, down from the 2.6% year-on-year, as the manufacturing and export sectors contracted, the country’s Finance Ministry said on January 25.

New supply in the industrial real estate market in Ho Chi Minh City and neighbouring provinces has been slow amid an increase in demand from manufacturing industries during the peak year-end buying season before Tet (Lunar New Year) Festival.

With the pace of economic activities on the mend and inflation rates already easing below the target level, the State Bank of Vietnam (SBV) will maintain its refinancing rate at the current level of 4.5% to support economic recovery, the United Overseas Bank (UOB) said in a report.

Vietnam's Manufacturing Purchasing Managers' Index (PMI) dropped to a five-month low of 47.3 in November from 49.6 in October, according to international independent credit rating data source and index provider Standard & Poor’s Global (S&P Global).

Singapore’s manufacturing output in October surpassed market expectations with a 7.4% year-on-year rebound after a year-long slump, thanks to growth in the key electronics industry, particularly semiconductors, the country's Economic Development Board (EDB) has reported.

With 90.49% of approval votes, the National Assembly (NA) on November 9 adopted a resolution on the socio-economic development plan for 2024, which sets a target of 6.0 - 6.5% growth in gross domestic product (GDP) for the year.

Ho Chi Minh City’s industrial production has been trending upward between January and October, with high consumption indexes on some of its major products, and in some industrial sectors.

Singapore’s factory activity grew for the first time in six months, signalling that the slump in manufacturing may have bottomed out, even as the electronics industry continued to show contraction, according to the Singapore Institute of Purchasing and Materials Management.