The manufacturing sector recorded a return to growth right from the outset of 2024, with activities expanding in February fueled by increases in both volume and orders, experts from S&P Global рфму said.
The manufacturing sector recorded a return to growth right from the outset of 2024. (Photo: VNA)
Hanoi (VNA) – Themanufacturing sector recorded a return to growth right from the outset of 2024,with activities expanding in February fueled by increases in both volume andorders, experts from S&P Global said.
The S&P Global VietnamManufacturing Purchasing Mangers’ Index (PMI) posted 50.4 in February, up from 50.3 in January, and above the 50.0 no-change mark for thesecond consecutive month.
However, experts said the rate of improvement in the sector’s health signaled bythe index remained only marginal.
The increase of new orders encouraged manufacturers to expand their staffinglevels for the first time in four months, and to the greatest extend within ayear.
Meanwhile, statistics from the General Statistics Office showed that the indexof industrial production (IIP) in the first two months was estimated to grow5.7% year-on-year. The manufacturing and processing industry that creates morethan 80% of the industrial growth expanded by 5.9%.
The European Chamber of Commerce in Vietnam (EuroCham) and еру Korean Chamber ofBusiness in Vietnam (KorCham) held that the increases in output and new orderstogether with suppliers’ shortened delivery time in the second consecutivemonth signal a growth possibility for the first quarter of this year.
EuroCham Vice Chairman Torben Minko said despite formidable challenges forecastfor the beginning of this year, European investors’ confidence has increasedsince their traditional partners have kept orders and they have seen Vietnam aproduction hub in the global supply chain.
With a view to supporting the production industry, the Ministry of Industry andTrade will join hands with competent agencies and localities to accelerate andput into operation industrial production projects to serve local consumptionand export./.
Vietnam’s economy has begun to gather steam again since the start of the third quarter of this year, helping consolidate confidence of businesses and investors, experts have said.
The General Statistics Office (GSO) reported optimistic signals in industrial production, attributing the positive trend to businesses securing orders and gearing up for year-end consumer demand.
The index of industrial production (IIP) in January fell 4.4% month on month but still went up 18.3% year on year, reported the General Statistics Office (GSO).
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
The manufacturing sector recorded a return to growth right from the outset of 2024. (Photo: VNA) 
