 Phu My Industrial Park 3 in Phu My town, Ba Ria - Vung Tau province (Photo: Hong Dat/VNA) |
The article wrote that Vietnam’s textile and garments manufacturers are investing in automation, digitalization and sustainable practices to enhance efficiency, productivity and quality in their production processes.
At the same time, Vietnam continued to diversify its export markets beyond the US and the EU, by tapping into rising markets in Asia, Africa and the Middle East. New trade partnerships have been forged while strategic trade agreements played a crucial role in the export growth, says the website.
News site financemiddleeast.com of the United Arab Emirates also said Southeast Asia’s economies, particularly Vietnam, Indonesia, and the Philippines benefit from supply chain realignments.
It cited data from Fitch Ratings revealing Vietnam’s manufacturing output grew 8.1% in 2024, underscoring its rise as a critical link in global supply chains.