Hanoi moves to develop supporting industries Business

Hanoi moves to develop supporting industries

The Hanoi People's Committee has issued a plan for development of supporting industries in the capital city in 2021, affirming the importance of supporting industries in providing components, spare parts and materials for the processing and manufacturing sector.
Thai manufacturing sector hit by COVID-19 World

Thai manufacturing sector hit by COVID-19

Thailand’s Industry Ministry has said that COVID-19 has spread to the manufacturing sector at a worrying rate of 13 infected factories a day, with the food and electronics industries at the top of the caseload table.
Malaysia’s manufacturing continues recovering in May World

Malaysia’s manufacturing continues recovering in May

The manufacturing sector of Malaysia continued to recover in May but stricter measures to combat a renewed surge in COVID-19 infections had an adverse impact on production volumes, according to American-British information provider IHS Markit.
Vietnam’s manufacturing sector strengthens in March Business

Vietnam’s manufacturing sector strengthens in March

Vietnam’s manufacturing sector gained growth pace at the end of the first quarter, with marked increases in output, new orders and exports, leading to stronger rises in employment and purchasing activity, according to a report by the London-based global information provider IHS Markit.
Processing-manufacturing takes lead in FDI attraction Business

Processing-manufacturing takes lead in FDI attraction

The processing and manufacturing sector took the lead in attracting foreign investment in the first three months to March 20, absorbing over 5 billion USD, or 49.6 percent, announced the Foreign Investment Agency (FIA) at the Ministry of Planning and Investment.
Singapore’s GDP contracts by 7 percent in Q3 ASEAN

Singapore’s GDP contracts by 7 percent in Q3

Based on advance estimates for the third quarter of 2020, the Singapore economy expanded by 7.9 percent on a quarter-on-quarter seasonally-adjusted basis, rebounding from the 13.2 percent contraction in the preceding quarter.