[Infographic] Vietnam's manufacturing industry in November 2024: Facing many challenges

Solving the year-end labor problem

Many businesses in major cities are reporting increased production to meet year-end orders, especially in labor-intensive industries. However, many are struggling to find enough workers to meet production demands.

[Infographic] Vietnam's Manufacturing Sector in November 2024: Facing Numerous Challenges

Vietnam's manufacturing sector maintained modest growth for the second consecutive month in November 2024, with the PMI reaching 50.8 points, a slight decrease from October. Output and new orders increased slowly, while export orders saw their sharpest decline since July 2023. Businesses continued to cut staff to reduce costs, leading to a backlog of work. Despite facing numerous challenges, manufacturers remain optimistic about the outlook for 2025 thanks to expansion plans and new product launches.

The A/E ratio and the adaptation challenge for the insurance industry.

Recently, FWD Vietnam Life Insurance Company hosted the Vietnam Actuarial Conference 2024 (VAC 2024) in Ho Chi Minh City, with the participation of nearly 500 experts in the insurance field.

Hoa Sen Group wins the Vietnam iContent 2024 award in the Community Organization category.

Hoa Sen Group continues to affirm its enduring humanitarian values ​​by winning the Vietnam iContent Awards 2024 in the category honoring Organizations for the Community.

Textile and garment businesses connect to maximize benefits from the FTA.

One of the strategic solutions for Vietnam's textile and garment industry is to form an ecosystem that leverages FTAs, connecting raw material and accessory manufacturers with textile and garment businesses...

A sound tax policy will help businesses thrive.

Continuing the agenda of the 8th Session, on November 28th, the National Assembly discussed the draft Law on Corporate Income Tax (amended) in the plenary session. During this discussion, National Assembly deputies proposed the need for preferential tax policies to promote the development of businesses, especially small and medium-sized enterprises, and also suggested preferential tax rates to encourage media organizations to fulfill their political duties, thereby contributing to economic development and social stability.

Bosch Vietnam: One of the top 100 sustainable manufacturing businesses.

The leading technology group's commitment to sustainable development and innovation contributes to a positive impact on Vietnam's manufacturing sector.

A portrait of someone bringing Vietnamese values ​​to the international arena.

Mr. Nguyen Ho Nam, founder of Bamboo Capital Group (HoSE: BCG), is a model entrepreneur who is at the forefront of promoting purely Vietnamese ESG values ​​to meet international standards. With significant contributions to the economy, Bamboo Capital is among the Top 100 private enterprises contributing the most to the state budget in Vietnam in 2024 and is a leader in social contribution programs. Mr. Nguyen Ho Nam himself was also honored to be elected as Vice President of the Swiss-Viet Economic Forum, an international organization representing economic relations between Vietnam and Switzerland within the framework of the World Economics Forum (WEF) initiative.

Vietnam – An attractive investment destination in the green transformation process.

High-tech, renewable energy, smart manufacturing, and logistics are sectors in which Vietnam is focusing on attracting investment.

CSI 2024: Empowering Vietnamese businesses on their journey to sustainable business.

The journey of building a green legacy for a business cannot be sustainable without a solid foundation, which is the internal "health" of the business, nurtured by sustainable corporate governance capabilities. With over 96% of domestic businesses being SMEs, doing well will allow businesses to access green financing more quickly.

Masan Group's strategy of partnering with consumers.

Amidst the unpredictable global economic and political situation, and the complex developments of natural disasters, storms, and floods, Vietnam's socio-economic situation in the first three quarters of 2024 continued to achieve many positive results.

Genuine reduction and simplification of administrative procedures.

On November 29, 2024, the Government Office issued document No. 537/TB-VPCP announcing the conclusions of Deputy Prime Minister Nguyen Hoa Binh - Head of the Prime Minister's Task Force on Administrative Procedure Reform - at a working session with several ministries and localities on administrative procedure reform.

Prudential ranks among the largest businesses in Vietnam.

Prudential Vietnam has been included in the list of the top 500 largest businesses in Vietnam and 50 outstanding businesses in Vietnam in the VNR500 ranking in 2024.

Effective governance linked to ESG – a mandatory trend for businesses.

The 7th Annual Corporate Governance Forum, themed “Investing in Corporate Governance: Strategies for Attracting Responsible Investors in the Internationalization of the Market,” will be held on December 5th. The VNCG50 scorecard initiative will be launched. This is a set of criteria for evaluating corporate governance practices for listed companies, primarily based on best practices in the region. The goal is to nominate 50 pioneering Vietnamese companies committed to ensuring good corporate governance practices.

Da Nang High-Tech Park attracts an additional $177 million in FDI projects.

A representative of the project's investor stated that Dentium Limited Liability Company has invested in three projects in the Da Nang High-Tech Park with a total registered investment capital of 257 million USD.

Source: https://thoibaonganhang.vn/infographic-nganh-san-xuat-viet-nam-thang-112024-doi-mat-nhieu-thach-thuc-158354.html