Vietnam manufacturing sector Updates

import export vietnam manufacturing sector

 The demand for Vietnamese goods & services is increasing day by day. During the Covid-19 Pandemic time when all the industries, import-export businesses, and everything stopped completely.

At that time, Vietnam’s economy is not in a good stage, but after the Covid-19 Pandemic eventually, we see huge growth in their manufacturing sector. Their manufacturing sector is booming and reached more than 58% of the estimated predicted value in the year 2021. 


The manufacturing sector helps Vietnam to back to the actual momentum and contribute to the GDP Growth of around 6 to 7 % in the last fiscal year. 


In this blog, we will give you information about the Vietnam Manufacturing sector updates. You will get in-depth Vietnamese market information through our research report.  


As per the latest Vietnam Import Export Data, in the last fiscal year, Vietnam generated revenue of around $822 Billion US Dollars and current Vietnam's rank in GDP is 37th largest in the world. 


Get detailed Vietnam Import export information through our platform - https://eximtradedata.com/vietnam-import-export-data 


Why has the Vietnamese Manufacturing sector become the Manufacturing hub for other countries?


As we all know that the Vietnamese manufacturing sector is booming and reaching the next level of height. Their manufacturing sector becomes the manufacturing Hub for many other countries. 


Other countries' importers & exporters are investing in the Vietnamese manufacturing sector and earning a remarkable amount of money. 


But the main question arises, how Vietnam is becoming a manufacturing Hub for other countries, what are the different thing that Vietnam has and other countries doesn’t? 


So without wasting more time, we have distinguished some pots that explain every perspective of the Vietnamese Manufacturing sector. So let's get started - 


  • First, the main reason for the growth of the Vietnamese Manufacturing sector is the cheap manufacturing destination with the affordable labor cost. As per the Import Export Data, the average Vietnamese labor cost is $2.99 US Dollars per hour, that’s why countries prefer in Vietnamese manufacturing market over other neighboring countries. 


  • Second, Vietnam's relatively big and educated labor force makes it a suitable industrial hub for other countries' importers & exporters. The government has made a number of vocational education and training programs available to help the workforce become even more prepared.


  • Third, last but not the least, Vietnam did so many Free Trade Agreements (FTA), the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the EU-Vietnam Free Trade Agreement (EVFTA), and the UK-Vietnam Free Trade Agreement (UKVFTA) just to boost Their Vietnamese Manufacturing sector throughout the world. 


These are the main reasons for driving the growth of Vietnam's Manufacturing sectors. Here are the top four industries which are contributing the most to driving the Vietnamese manufacturing sector. The top industries of Vietnam's Manufacturing sector are as follows - 


  • Apparel

  • Textile 

  • Footwear 

  • Garment


These are the top four industries that are boosting the Vietnam manufacturing sector and contributing the most. Also, they are the most preferable industries for other countries' importers & exporters. 


If you want to know more about Vietnam-based companies then visit the link below - Vietnam Global Companies


Additionally, if you want to check out the top Vietnam industries then visit the link below - 



If you want to search the other 60+ countries' global trade data then click on the link below - search Global trade data product-wise


Conclusion - In this blog, we gave you enough information about the Vietnam Manufacturing sector updates. Additionally, we provide why the Vietnamese manufacturing sector becomes the manufacturing hub for other countries.  And what are the top industries that are contributing to the growth of the manufacturing sector?  


We assume that the information is enough and helpful for your import-export business. If you want to know more about the manufacturing industries then contact us via mail at Info@eximtradedata.com, or call us at tel:91-9625812393.


Collect the most precise import export data information through the market intelligence report of Exim Trade Data.

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