Vietnam – promising destination for industrial production shift
Vietnam is considered an attractive destination for multinationals amidst the wave of industrial production shift, enterprises have said while attending Vietnam’s International Exhibition on Machine Tools & Metalworking Solutions for Production Upgrade (METALEX Vietnam 2023) in Ho Chi Minh City.
Visitors to METALEX Vietnam 2023 in HCM City (Photo: VNA)
HCM City (VNA) – Vietnam is considered an attractive destination for multinationals amidst the wave of industrial production shift,enterprises have said while attending Vietnam’s International Exhibition onMachine Tools & Metalworking Solutions for Production Upgrade (METALEXVietnam 2023) in Ho Chi Minh City.
The Southeast Asian country has welcomed an influx of investment from manytech giants such as Foxconn, Samsung and LG. However, efforts should be exertedto develop green energy and high-quality human resources so as to meet the requirements of investors.
Investors give social and environmental responsibility carefulconsiderationbefore injecting capital or setting up joint ventures withVietnamese firms.
General Director of RX Tradex Vietnam Vu Trong Tai said that with a view tocapitalising on foreign investment and expansion of industrialproduction, Vietnamese producers should improve their competitive edge by upgradingmachines, applying state-of-the art technologies into production, and improvinghuman resource quality.
He particularly stressed that support industries and electronics hold hugepotential to join the global value chain.
Meanwhile, Hirabayashi Tomoya, a representative from Yahama Vietnam’s businessand marketing division, said the world’s leading technology brands have enhancedpromotion in the Vietnamese market as they see Vietnam as an attractivevenue for industrial production in ASEAN.
Experts said as demand for precise manufacturing and production of electronicdevices in the country is on the rise, new solutions and technologies will helpVietnamese producers improve their productivity.
Vietnam’s economic recovery from the outset of this year has been largely spurredby industrial production, especially stable FDI inflow.
In Ho Chi Minh City alone, some 406 million USD was registered in 860 new FDIprojects during January – September, up 16.7% and 51.7%, respectively.
Regarding the industrial sector, the city granted business licenses for 6,941 firmswho registered more than 94.9 trillion VND (3.88 billion USD) for theiroperation./.
Vietnam has become one of the leading countries in Southeast Asia in attracting foreign direct investment (FDI), according to an article published on September 21 on the website gfmag.com of Global Finance Magazine.
Ho Chi Minh City’s Index of Industrial Production (IIP) in the first nine months of this year increased by 3.2% year-on-year, regaining its attractiveness to foreign investors, suppliers and clients.
Hanoi’s Industrial Production Index (IIP) in September rose by 0.7% from the previous month and 3.5% year-on-year, the Hanoi Statistical Office reported.
Real estate attracted 1.94 billion USD in foreign direct investment (FDI) in the first nine months of this year, accounting for about 9.6% of total FDI to Vietnam in the period.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
Visitors to METALEX Vietnam 2023 in HCM City (Photo: VNA) 
