Vietnam sustains stature as global manufacturing hub: Taiwanese media
An article recently posted on digitimes.com.tw, a media outlet of Taiwan (China), has said despite a year full of challenges in 2021, the Vietnamese economy has not been hampered by supply chains disruptions but sustains its positive outlook and stature as a global manufacturing hub in 2022.
Vietnam is said to be an attractive investment destination thanks to low production costs and FTAs. (Photo: VNA)
Hong Kong (VNA) –An article recently posted on digitimes.com.tw, a media outlet of Taiwan (China),has said despite a year full of challenges in 2021, the Vietnamese economy has not been hampered by supply chains disruptions but sustains its positive outlookand stature as a global manufacturing hub in 2022.
According to the writing,Vietnam is an attractive investment destination thanks to low production costs,which is also boosted by the Regional Comprehensive Economic Partnership (RCEP).Together with the country’s fast economic growth and standing in global trade,Vietnam’s supply chains are developing continuously and becoming a prioritychoice for manufacturing in the region.
The size of the Vietnameseeconomy ranks 40th in the world and fourth in the Association ofSoutheast Asian Nations (ASEAN). In the IT industry, the country has outpacedmany superpowers and become one of the world’s leading mobile phone producersand exporters. It ranks 9th in terms of software export andoutsourcing and 6th in terms of computer games in the world.
An increasing number ofcompanies are seeking to invest in ASEAN or other regions. Among the countries withcompetitive advantages for investment, Vietnam has emerged as an efficientchoice in Southeast Asia, the article noted.
About 31.15 billion USD offoreign direct investment (FDI) was poured into Vietnam last year, up 9.2 percentfrom 2020. Though this figure is lower than the over 38 billion USD in 2019, itcan still be considered a positive result amid the complex COVID-19 pandemic,showing foreign investors’ trust.
The writing cited experts asforecasting that driven by the RCEP, investment from the three largest foreigninvestors in Vietnam, namely the Republic of Korea, Japan, and Singapore, willincrease.
An analysis by the PetersonInstitute for International Economics indicated that Indonesia, Malaysia,Thailand, and Vietnam will benefit most from the RCEP. Meanwhile, the FocusEconomicswebsite held that Vietnam is the largest beneficiary from this agreement,possibly thanks to its export sector with competitive advantages integratingmore strongly into regional value chains.
The article said Vietnam hasmade use of free trade agreements (FTAs) as a tool to guarantee its economicpower and financial security, and that even when the pandemic broke out, thesigned FTAs will help the country promote both the quantity and quality oftrade and investment, diversify partners, and engage in global value chains./.
With a vibrant economic climate, Vietnam remains a strong candidate for investment from the Association of Southeast Asian Nations (ASEAN) and beyond, according to the Vietnam Briefing newswire.
Some foreign financial organisations have issued relatively positive predictions for Vietnam’s economy this year, with growth expected at 6.5 - 6.7 percent.
The COVID-19 pandemic might not end this year and business sectors could not fully recover, however, the situation will be more positive than 2021 thanks to the adaptation to ‘new normal’ conditions, said General Director Nguyen Thi Huong of the General Statistics Office (GSO).
The inflow of foreign investment into Vietnam hit over 2.1 billion as of January 20, up 4.2 percent year-on-year, marking good signals for the country's investment attraction, the latest report from the Foreign Investment Agency (FIA) showed.
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.
Vietnam is said to be an attractive investment destination thanks to low production costs and FTAs. (Photo: VNA) 
