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Vietnam Manufacturing Brief in 2024.

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Vietnam manufacturing brief in 2024

Vietnam has emerged as one of Asia’s great success stories, backed by stable political system, commitment to sustainable growth, relatively low inflation, strong FDI inflows, youthful and digital population, and strong manufacturing sector. In addition, the country has a large domestic market and a growing middle class. These dynamic factors have created an extraordinary opportunity for international investors to take advantage of the regional growth prospective and focus their attention on Vietnam, particularly in the manufacturing sector.

According to the report from the General Statistics Office, during the first quarter of 2024, Vietnam’s economy saw significant growth propelled by the manufacturing and processing industries, expanding by an impressive 6.98%. This outstanding performance is fueled by the increase in domestic consumption, heightened foreign investment, and growing demand for exports. Furthermore, the inventory index for the manufacturing sector surged by 14.1% compared to the corresponding period last year. These economic achievements make the country one of the few economies globally to grow amidst turbulent times.

This publication will help entrants understand the opportunities and challenges of this industry in the Vietnam market, and sketch out a picture of the investment environment and market entry requirements and conditions for specific manufacturing activities. Download our Vietnam Manufacturing Brief in 2024 for specifics.

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The PDF version contains all of the content and resources found in the web-based guide.

Updated on May 28, 2024
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