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China saw 46,893 new foreign-invested firms in the first ten months of 2024, marking an 11.8% year-on-year increase. This growth underscores China's resilience and global investment appeal.
Prime Minister Narendra Modi begins a three-nation tour to Nigeria, Brazil, and Guyana, highlighting India’s global leadership as he attends the G20 Summit and strengthens diplomatic ties.
S&P Global’s report indicates that the manufacturing Purchasing Managers' Index (PMI) remained below the neutral mark of 50, suggesting that the sector is contracting. Specifically, the index recorded a reading of 48.5, a slight decline from the previous quarter. This decline reflects persistent issues such as weakened consumer demand, both domestically and internationally, and disruptions in supply chains that have hampered production capabilities.
The complex, strategically located, aims to produce a wide range of petrochemical products, including polyethylene, polypropylene, and other essential chemicals used in various industries. By leveraging advanced technology and efficient production processes, the facility is set to meet both domestic demand and export requirements, significantly bolstering Vietnam's position in the global petrochemical market.
The IMF's report highlights several key factors contributing to this growth. Vietnam's competitive labor costs, strategic geographic location, and commitment to reforming its economic policies make it an attractive destination for international businesses. The country has successfully positioned itself as a manufacturing hub, particularly in electronics and textiles, benefiting from shifting supply chains as companies seek alternatives to China.
The rising popularity of value-added pangasius products, such as dried fish maws and fish skin snacks, is a response to growing demand from consumers. Currently, 12 Vietnamese companies supply these products to the Chinese market, where fish maw is not only regarded as a delicacy but also as a symbol of prosperity and success. VASEP notes that the product is often gifted during important events in China.
A key objective is the construction of work team rooms equipped with lodging and boarding facilities, along with stock-breeding areas and greenhouses, across multiple work teams.
During a recent address, SM Lee emphasized the importance of maintaining stable growth as Singapore navigates post-pandemic recovery and geopolitical tensions. While the country has demonstrated resilience, the potential for economic headwinds requires a strategic approach to ensure continued progress.
The manufacturing sector is rebounding strongly, showing resilience after last year’s difficulties. Purchasing Managers' Index (PMI) data reveals five consecutive months of expansion, with industrial production notably improving in textiles and footwear. This resurgence has led to double-digit export growth, driven by broader market access for Vietnamese agricultural products.
This price increase is expected to enhance revenues for companies in the rubber sector, notably the Vietnam Rubber Group. According to MB Securities, the average price for the group’s rubber is projected to reach VNĐ36.8 million per tonne in 2024, a 14% increase compared to this year. Total consumption is estimated at around 500,000 tonnes, contributing to a revenue projection of VNĐ18.35 trillion ($716.8 million), up 9% from 2023.
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