Manufacturing Powerhouse
- Samsung Electronics has invested over $18 billion in Vietnam, making it one of the company’s largest global manufacturing hubs.
- Apple suppliers (e.g., Foxconn, Luxshare) have shifted more production to Vietnam, especially for AirPods and iPads.
- Vietnam is now a top 3 exporter of electronics in Southeast Asia, competing with China and Thailand.
Export Growth & Trade Integration
- Vietnam became one of the world’s top 20 trading nations by value in the early 2020s.
- Key free trade agreements include:
- CPTPP (Comprehensive and Progressive Agreement for Trans-Pacific Partnership)
- EVFTA (EU–Vietnam Free Trade Agreement)
- RCEP (Regional Comprehensive Economic Partnership)
- In 2023, Vietnam’s exports reached over $350 billion, led by electronics, garments, and footwear.
Digital Economy Expansion
- Vietnam’s digital economy surpassed $30 billion in 2024, with projections to hit $50 billion by 2025.
- Major investments in:
- Fintech (e-wallets like MoMo, ZaloPay)
- E-commerce (Tiki, Sendo, Shopee Vietnam)
- AI & Smart City Initiatives in cities like Hanoi and Ho Chi Minh City
Banking & Financial Sector Innovation
- Vietnamese banks like Vietcombank and Techcombank are now regionally competitive.
- Strong push toward cashless payments and digital banking, with mobile payment penetration rising rapidly.
Industrial Parks & Infrastructure
- Over 400 industrial parks nationwide, drawing FDI from Japan, South Korea, and the U.S.
- Major projects: Long Thanh International Airport, North–South Expressway, and port expansions to boost logistics.
Green Economy & Renewable Energy
- Vietnam is leading in solar power adoption in Southeast Asia.
- Attracted $8+ billion in clean energy investment, including offshore wind and solar farms.
- Pioneered Just Energy Transition Partnerships (JETP) with G7 to phase out coal.
Startup Ecosystem
- Vietnam ranks among the top 3 startup hubs in ASEAN, with over 3,000 startups in tech, health, education, and logistics.
- Ho Chi Minh City and Hanoi are innovation hotspots, supported by VC funds like 500 Startups Vietnam and VinaCapital Ventures.
