Vietnamplus

The northern province of Bac Ninh has set a target of becoming a centrally-run city and a model of smart city by 2030.

Textile and garment businesses in Vietnam are taking steps to switch to green production to meet partners’ demand and achieve sustainable development, the Cong Thuong (Industry & Trade) newspaper reported.

The Business Innovation Zone 2023 project was launched on March 21, under the theme “Sync-up the power of human-tech-media”.

Vietnam’s trade with 11 other major Asian markets could rise significantly in value by 2030, according to an industry study released by UPS.

The central province of Thua Thien-Hue is becoming a destination for large corporations which produce high-economic-value products in various areas, contributing to enhancing its position in both domestic and international arenas.

The processing and manufacturing sector is attractive to foreign investment, but domestic supporting industries still need favourable mechanisms to develop, heard a workshop in Ho Chi Minh City on March 9.

The index of industrial production (IIP) of the northern port city of Hai Phong is expected to grow by 13.5 – 14.5% per year, towards increasing the proportion of the manufacturing industry in GRDP to 46%.

Malaysia approved a total investment of about 265 billion ringgit (58.53 billion USD) last year, the second largest of its kind after 2021 and estimated to create over 140,000 new jobs, according to International Trade and Industry Minister Zafrul Tengku Abdul Aziz.

Singapore’s Purchasing Managers Index (PMI) inched up 0.2 point in February to 50 after five straight months of contraction, data from the Singapore Institute of Purchasing and Materials Management (SIPMM) showed.

Vietnam attracted a total committed foreign direct investment of 3.1 billion USD in the first two months of 2023, down 38% year-on-year.

Vietnam has been playing an increasingly significant role in global supply chains, with foreign media such as The Economist and Nikkei Asia highlighting its huge advantages in the era of de-globalisation.

Vietnam’s index of industrial production (IIP) in February rose by 5.1% against the previous month, according to the General Statistics Office (GSO).

Singapore’s Senior Minister of State for Communications and Information Janil Puthucheary on February 28 told the country’s parliament that new applications of 5G technology will be used this year in its three projects on electric vehicle manufacturing, river cleaning and security surveillance.

Total import-export revenue in the first two months of this year is estimated at 96.06 billion USD, down 13.2% year on year, with a trade surplus of 2.82 billion USD, reported the General Statistics Office (GSO).

Products of the processing and manufacturing industry of Vietnam now have great chances to enjoy stronger export to the UAE, which has high demand for imports.

Vietnam, a newcomer in the space odyssey, began small satellite manufacturing in 2007 and reaped certain achievement in this regard.

Strengthening relations with Singapore is set to have a positive effect on the investment and business environment of Vietnam, according to Singapore’s website sbr.com.sg.

Hanoi is set to become a globally-connected city with high living standards and quality of life, according to a new plan that aims to raise the Gross Regional Domestic Product (GRDP) per capita to 36,000 USD by 2045.

Singapore's manufacturing outlook may continue gloomy in the first quarter of 2023, after its manufacturing output shrank for a third consecutive month in December last year, said economists.

Vietnam is predicted to record a rise of 6.6% in industrial production in 2023, according to S&P Global Market Intelligence.