Last updated on August 13th, 2025 at 01:42 pm

Considering moving your business to Vietnam? Download our guide with legal structures, costs and other considerations. Cố lên nhé!

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.