The Nhon Trach Factory Phase 3 extension will boost the factories' output volume and improve their product development capabilities, solidifying their position as a key technology hub in the ASEAN area.
Manufacturing News
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Vietnam was the largest manufacturer of footwear, accounting for 39 per cent of total production, followed by Indonesia (32 per cent), and China (14 per cent).
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With approximately 7,000 companies, Vietnam's textile sector dedicates 80 per cent of its production to exports, supported by a robust logistics network, skilled workforce, and stable political environment.
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Manufacturing
Hyosung TNC to invest US $ 1 billion in Vietnam, establishing 200,000 tonnes-a-year Bio-BDO plants
Hyosung TNC is set to invest US $ 1 billion in Vietnam to build Bio-BDO plants with a capacity of 200,000 tons per year. This major move aims to boost sustainable materials production and enhance Hyosung’s global market presence in eco-friendly products.
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The garment and textile industry in Vietnam is expecting significant growth in the second half of this year, driven by rising orders and improving consumer demand.
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Factory wages in Vietnam, a leading apparel exporting country, have more than doubled since 2011, to US $ 320 a month. Apart from this, there are some interesting benefits being given to workers.
