In the 11 months of 2023, the whole country had more than 146 thousand newly established enterprises with a total registered capital of 1,336.2 trillion VND.
The entire industrial production index in November was estimated to increase by 3% compared to the last month and by 5.8% compared to the same period last year.
Casting has become a growth industry in Vietnam, and new factories are being built one after another. The level of equipment and quality control is improving year by year, and many companies have realized overseas exports. On the other hand, there are also issues such as dependence on imports of raw materials and underdeveloped domestic infrastructure. This report details Vietnam's developing foundry industry.
The automobile industry is one industry that receives many incentives from the government to promote the industry's development.
The recent 50% reduction in registration fees has played a significant role in driving a substantial surge in the number of domestically manufactured and assembled cars in August.