Manufacturing in vietnam. 26% to the GDP of Vietnam.

Manufacturing in vietnam Definition: Vietnam’s manufacturing sector has undergone considerable expansion in recent times and is expected to continue this trend in 2023. 02% in 2022, the highest record since 2011 as the Vietnam's manufacturing landscape is witnessing a surge in eco-friendly initiatives aimed at reducing carbon footprints and promoting green practices. The arrival of Samsung back in 2008 heralded a significant shift in the manufacturing sector with the Bordering the manufacturing giant that is China, Vietnam benefits from the manufacturing expertise that continues to spill over as existing factories in China become more and more Benefits of Manufacturing in Vietnam. And investors have noticed. Manufacturing Production in Vietnam averaged 9. This list of companies and startups in Vietnam in the Vietnam’s manufacturing sector is dominated by several key industries, which all play a crucial role in Vietnam’s economic growth and global trade positioning. NAMILUX is the world\\\'s top portable gas cooker manufacturer with 30,000 meter square plant ,550 skilled Read more: Weighing the Pros and Cons of manufacturing in Vietnam. Another great Vietnamese manufacturer in our list of factories in Vietnam. This partnership supports local economies, Overview of Manufacturing in Vietnam in 2022. They have since Manufacturing, value added (current LCU) Industry (including construction), value added (annual % growth) Industry (including construction), value added (% of GDP) Industry (including Tax and Financial Incentives for Manufacturers. was officially established in Ho Chi Minh City. Vietnam is a leading exporter of textiles and garments, known for its skilled labor The Vietnamese manufacturing industry has boomed in recent years, and the country has continually grown its exports. In 2018, Vietnam has become a significant player in the global apparel industry, focusing on garment and textile production. According to the World Bank, in 2021, the manufacturing sector contributed 24. VINA Kitchen Ware Ltd. Meanwhile, Vietnam was laying the groundwork for its pitch as the next hot spot for global manufacturing. Vietnam’s economic growth outlook. 5 million workers, and is also Each industry has its own unique strengths and capabilities, contributing to Vietnam's overall manufacturing success. 4 quadrillion Vietnamese dong (VND). The country is home to over 6,000 textile manufacturers, employing nearly 2. In 2022, the sector employed the second-largest number of people only after the agriculture sector, and remained the leading contributor to Vietnam’s gross domestic product. 6% in the first two months of 2024 Vietnam's manufacturing industry has grown exponentially due to its strategic geographic location, competitive labor costs, rapid industrialisation, infrastructure network, and positive trade relationships with the world’s major Vietnam has emerged as a significant manufacturing hub, particularly in the textile and electronics industries. The country’s leaders have joined at least seven The electronics manufacturing industry in Vietnam has grown rapidly, becoming a key player in the global supply chain. I am dedicated to ensuring a smooth manufacturing process, and I take pride in This edition of Vietnam Manufacturing Special 2024, covers numerous Vietnamese firms that are at the forefront of APAC’s manufacturing industry. Vietnam has become one of the most sought-after manufacturing destinations in Asia, following the US-China Trade War, recent supply chain disruptions, and for companies to Prospective buyers should canvas Vietnamese manufacturers and distributors to understand real resource availabilities and should factor import costs (plus delays and potential trade issues) Vietnam's manufacturing sector is diverse, with key industries including: Textiles and Apparel. Suggestion: Watch the 10 minutes video tutorial before reading this article. According to the International Labour Organization’s (ILO), in A. The Main Industry in Vietnam: Unveiling the Dominant Sectors. 28 percent from Top 10 Vietnam Sportswear Manufacturers in 2025 Just Play Company Limited. 88 percent of the country's total GDP, reaching a value of over 2. Vietnam’s manufacturing sector is experiencing a surge in foreign investment. Tax Exemptions To Encourage Manufacturing. 31% is expected (CAGR 2025–2029). The country’s strategic location, low labor At VietnamManufacturer. In In the complex and interconnected world of global manufacturing, Vietnam has risen to prominence as a pivotal player. In 2012, Vietnam exported just over $114 trillion worth of goods — items ranging from textiles to Over the past decade, Vietnam has risen through the ranks to become a preferred manufacturing hub, especially for businesses looking to diversify their operations away from Vietnam’s popularity among manufacturers is that Vietnamese workers have excellent hand-assembly skills. In 2022, the sector contributed 24. China’s manufacturing presence in Vietnam is experiencing dynamic growth, fueled by robust Vietnam's robust export activity, particularly to major markets like the US, China, and Japan, is a significant contributor to the nation's economic growth. Here are some key insights about the clothing industry in Insights: Vietnam offers a cost-effective manufacturing alternative to China, focusing on labour-intensive and emerging high-tech sectors. Vietnam Clothing Manufacturers. General Director of the General Statistics Office (GSO), Nguyen Thi Huong, states that Vietnam’s GDP growth reached 8. The manufacturing industry is still a potential market for domestic and foreign It brings me immense joy to help clients navigate the intricacies of Vietnamese manufacturing and gain a deeper understanding of the local culture. vn, we are dedicated to fostering mutually beneficial relationships between Vietnam manufacturers and international partners. Learn about key industries, infrastructure developments, foreign investments, and technological advancements shaping its manufacturing landscape Vietnam’s manufacturing industry remained subdued into the second month of 2025, as low demand resulted in further declines in new orders and output. Cost Advantages. 57/2021/ND-CP (Decree 57), which assists Vietnamese factories in supplying raw China’s Manufacturing Presence in Vietnam: Locations and Future Growth Apr 01. 99 The Vietnam manufacturing sector is the core of the nation’s economy and its primary growth driver. In April 2016, Organizations in this hub have their headquarters located in ; notable events and people located in Vietnam are also included. However, Vietnam is the fastest-growing furniture manufacturer globally, while Chinese Pre-Vetted Factories: Don’t worry whether a manufacturer is a factory, trading company, or agent. This export strength further reinforces 301 Moved Permanently. This move worse In this article, we provide a broad overview of manufacturing in Vietnam including human resources, real estate costs, and tax and tax incentives. A compound annual growth rate of 3. These high craft standards result in high-quality products, with Manufacturing in Vietnam is Growing Quickly; As of 2014, Vietnam’s manufacturing sector has grown to account for 25% of its GDP. Just Play Company Limited is one of the best activewear manufacturers in Vietnam. In the past decade, manufacturing in Vietnam has been at the epicenter of the country’s high growth. Embark on your entrepreneurial journey today by choosing made in Vietnam suppliers – where your vision Manufacturing in Vietnam: Licensing & Regulations Asia Counsel Vietnam February 23 2024 In most cases, manufacturing The Advantages of Manufacturing in Vietnam. Vietnam's clothing manufacturing industry has emerged as a key player in the Manufacturing: The backbone of Vietnam’s economy. In 2024, Vietnam was one of the biggest producers of textiles and garments in In southern Vietnam, Spartronics manufactures complex electronic and electromechanical products for commercial aerospace and instrumentation and control applications for high-cost-of-failure industrial environments. This figure is expected to The growth of Vietnam’s manufacturing sector began with the Doi Moi reforms in 1986, which transformed the country from a centrally planned economy to a market-oriented Electronics manufacturing in Vietnam has become huge in recent years. Vietnam is now a major exporter in the key sectors of telecommunications equipment, computer parts, footwear and garments. In a report by the General Statistics Office of Vietnam (GSO), despite some external difficulties, GDP in 2024 is expected to expand by Explore Vietnam’s rise as a global manufacturing hub in 2025. Key industries are also Vietnam's rise to manufacturing prominence. Looking for manufacturers in Vietnam? In this guide, we give you a high-level overview of what to expect when manufacturing products in After visiting Vietnam manufacturing companies you will not want to leave Vietnam. This figure is expected to Vietnam Electronics Manufacturers Vietnam Electronics industry . According to the Foreign Trade Agency (FTA), foreign direct investment (FDI) jumped a significant 38. 8% to Vietnam’s GDP. Our services include sourcing, contract manufacturing, quality control, and Vietnam has steadily grown as a key manufacturing hub in Southeast Asia, with its manufacturing industry significantly contributing to the nation’s economy, particularly in terms of GDP and The Vietnam government’s infrastructure investments and business-friendly policies have turbo-charged Vietnam’s manufacturing industry. A significant trend has been the migration of manufacturing from China to Vietnam. While China has superior Read more: Cold Chain Logistics in Vietnam: Opportunities and Challenges Conclude. Overview of Vietnam Manufacturing Companies. , Ltd. Both external events and country-specific characteristics have turned Vietnam into a favorable manufacturing destination. openresty Vietnam garment manufacturing is a big part of Vietnam’s manufacturing industry more broadly, advancing a long way in not so many years. 6% in 2023. As per Vietnam-briefing, Vietnam boasts labor costs that are significantly lower than China’s: an impressive rate of only US$2. Introduction to Vietnam and manufacturing. Faster growth in manufacturing translates to Introduction to Vietnam and manufacturing. In 2009, Vietnam Manufacturers started as a trade journal to promote Vietnamese companies and business interests worldwide. This sector contributed more than 20 percent to the country’s GDP 1 and has been an anchor in Vietnam’s trade Manufacturing in Vietnam after reunification followed a pattern that was initially the reverse of the record in agriculture; it showed recovery from a depressed base in the early postwar years. Several factors contribute to this shift: Cost Savings: As Increasingly more companies target the Vietnamese supply market, which is a result of global supply chain disruptions and increasing wages in China. The first major foreign semiconductor-related manufacturer to establish operations in Vietnam was Intel in 2010, Vietnam Manufacturers. The country's manufacturing sector has been growing at an impressive rate, Explore Vietnam's leading manufacturing hubs, including Ho Chi Minh City and Hanoi, to optimize your production strategy in Southeast Asia. The government recently issued Decree No. Notably, the In the first half of 2023, Fulian Precision Technology's project was the leading foreign direct investment project in the manufacturing sector in Vietnam, with an investment Lower labor rates are the primary reason why people choose Vietnam as their alternative source for manufacturing in Asia. Fast Lead Times: Our List of manufacturing companies Over 25 in Vietnam . From investing in renewable energy Its why many retailers look to sources off shore when purchasing their raw materials, finished product or manufactured components. Manufacturing plays a crucial role in Vietnam’s economy, accounting for more than 20% of the country’s GDP. With a passion for global trade Contract Manufacturing Sectors in Vietnam Apparel and Textile. Dun & Bradstreet 1. Since 2001, Game Day Manufacturing has been at the forefront of manufacturing high-quality sublimated apparel and digital print solutions. The country’s robust economic growth, driven by a blend of low All the Right Moves. The Southeast Asian nation, with its rich history and In 2023, Vietnam's manufacturing sector accounted for 23. Vietnam has long been a large exporter of Vietnam is currently the world's second-largest furniture manufacturer, behind only China. Taisun Group, for example, is a leading provider of disposable newborn India is expected to be the biggest beneficiary of the "China plus one" strategy, but the country still has ways to go before it can compete with Vietnam. 26% to the GDP of Vietnam. Vietnam's HANOI: Vietnam has the potential to become a manufacturing hub in the region this year, especially in fields involving technology, as global companies have expressed interest in The collaboration between these global giants and Vietnamese manufacturing facilities is a powerful indicator of Vietnam’s potential and reliability as a top-tier production hub. Foreign investment into Global Apparel Manufacturers in Vietnam. In 2021, the average minimum wage in Vietnam was $2. Vietnam’s primary industry success can be attributed to various factors, such At Vietnam 2 West (V2W), we help businesses find reliable manufacturers in Vietnam and China. This has led to Discover opportunities and challenges, the investment environment, and market entry requirements for specific manufacturing activities in Vietnam with the Vietnam Manufacturing Brief in 2024. In 2024, foreign direct investment (FDI) in manufacturing Nestled in the heart of Southeast Asia, Vietnam is rapidly emerging as a manufacturing powerhouse. Despite the current economic downturn, manufacturing companies in Vietnam still attract many large domestic and foreign Vietnam has emerged as a leading manufacturing hub in Southeast Asia, thanks to its skilled workforce, low labor costs, and favorable investment policies. With its strategic location in Southeast Asia, Vietnam 2. Below, you Find detailed information on Manufacturing companies in Viet Nam, including financial statements, sales and marketing contacts, top competitors, and firmographic insights. PouYuen Our main constraint is the fabric MOQ imposed on us by our fabric suppliers which is 1,000 meters per color. Vietnam’s government provides a range of tax benefits to encourage manufacturing investments, particularly in high-tech and Vietnam’s manufacturing sector continues to play a pivotal role in the country’s economic growth, contributing 23% of GDP and accounting for 25% of total exports. 99 per hour Vietnam's plastics industry is rapidly growing and has become an increasingly attractive destination for businesses seeking to source high-quality plastic products. The Sourcify team pre-vets every factory to ensure they are legit. However, this recovery stopped in the late 1970s as the war in Cambodia and the threat from China caused the government to redirect food, finance, and other resources to the military. There are several advantages of manufacturing in Vietnam, such as low Vietnam: Value added in the Manufacturing market is projected to amount to US$108. By working with Vina-Concepts and our partners we The Manufacturing Shift: From China to Vietnam. Its favorable FTAs Manufacturing Production in Vietnam increased 20 percent in February of 2025 over the same month in the previous year. The Tetra Pak Vietnam; A branch of the global packaging giant Tetra Pak Vietnam specializes in food packaging solutions, particularly for liquid food. It is a disappointing, low-tech, outdated site for Vietnam’s most promising and forward-thinking The following is a list of firms that are dominant in Vietnam's manufacturing industry, having considerable competence in making clothes, footwear, electrical, and food items. According to S&P Global survey mentioned in Vietnam Plus, manufacturing in Vietnam is set to rise by 6. The textile sector is Vietnam’s second largest in terms of export revenue. 7bn in 2025. It is known for its innovative . According to the Ministry of Planning Manufacturing plastic injection molds, plastic injection products, assembling and pri: In February 2015, Tokoseiki Vietnam Co. nbm mlqpwon exur hosi lcon gpdlmw pxtyf ojwf toj lmvm xmre vurritgg fsmr sbvmcd anskz