68.1 per cent of textile and footwear businesses hit with fines for late delivery

68.1 per cent of textile and footwear businesses hit with fines for late delivery

A large number of textile and footwear enterprises have been fined for late deliveries in 2021 and had new orders for 2022 suspended or reduced in quantity.
Industrial sector signals sound recovery

Industrial sector signals sound recovery

The latest update from the MoIT in September showed how resilient the manufacturing sector is in the early stages of re-opening, according to KIS Securities.
Backlogs of work surge amid restrictions on production volumes

Backlogs of work surge amid restrictions on production volumes

Vietnam's manufacturing sector witnessed a further sharp fall in production and a record rise in backlogs of work during September due to COVID-19.
Digital transformation to radically transform manufacturing in the future

Digital transformation to radically transform manufacturing in the future

Nearly half of the roles in manufacturing will need to change within the next 3-5 years as the industry transitions to become fully digital.
ALPEC exports Vietnamese elevators to international markets

ALPEC exports Vietnamese elevators to international markets

LPEC Joint Venture JSC and FUJI Elevator (Malaysia) signed a strategic cooperation to bring elevator products made in Vietnam to international markets.
Uniqlo facing sourcing challenges as Vietnamese factories deal with COVID-19

Uniqlo facing sourcing challenges as Vietnamese factories deal with COVID-19

Uniqlo is the latest big apparel retailer experiencing sourcing challenges because Vietnamese factory are struggling with the COVID-19 pandemic.
GE’s journey to improve Vietnamese suppliers’ capacity

GE’s journey to improve Vietnamese suppliers’ capacity

During its 28 years in Vietnam, GE has strived to improve local suppliers’ capacity, bridging local high-tech products to the global supply chain.
LG Display raises its investment in Vietnam by $1.4 billion

LG Display raises its investment in Vietnam by $1.4 billion

With this additional capital, the total investment of LG Display in Vietnam has reached $4.65 billion.
Steeper downturn in Vietnamese manufacturing sector in August

Steeper downturn in Vietnamese manufacturing sector in August

Vietnam Manufacturing PMI fell to 40.2 in August from 45.1 in July, the worst deterioration in the health of the manufacturing sector since April 2020.
Samsung mulls ramping up production in Vietnam to meet soaring demand for foldables

Samsung mulls ramping up production in Vietnam to meet soaring demand for foldables

Samsung Electronics is considering to increase production capacity by 50 per cent at its Vietnam smartphone plant for the Galaxy Z Fold 3 and Galaxy Z Flip 3.
Apple delays plans to diversify supply chain from China to Vietnam

Apple delays plans to diversify supply chain from China to Vietnam

Apple has put on hold its plans to relocate part of its production including iPad and MacBooks from China to Vietnam due to the COVID-19 pandemic.
Steep decline in manufacturing output amid COVID-19 outbreak

Steep decline in manufacturing output amid COVID-19 outbreak

The current wave of the COVID-19 pandemic in Vietnam led to further disruption across the manufacturing sector during July.
COVID-19 outbreak leads to sharp fall in manufacturing output

COVID-19 outbreak leads to sharp fall in manufacturing output

The latest wave of COVID-19 cases in Vietnam led to a sharp deterioration of output and new orders, while businesses scaled back employment and purchasing.
Pegatron to pour additional $101 million into Vietnam investment

Pegatron to pour additional $101 million into Vietnam investment

The Taiwanese government has given a nod to Pegatron Corp to pour additional $101 million investment in Vietnam, according to Reuter.
Vietnam's PMI down to 53.1 in May with output growth at three-month low

Vietnam's PMI down to 53.1 in May with output growth at three-month low

Vietnam's PMI posted 53.1 in May, down from 54.7 in April, signalling a sixth successive improvement in business conditions.
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