Vietnamese Firms Enhance Manufacturing Capabilities and Join Global Supply Chains
Vietnamese companies are advancing in high-tech manufacturing, enhancing their roles within global supply networks. Key players are producing components for industries such as semiconductors and automation, with significant revenue growth reported in recent years.
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Vietnamese firms are increasingly integrating into global supply chains, with Viet Nguyen entering the semiconductor sector in 2013. The company reported revenue growth from VND3 billion (US$113,826) in 2016 to approximately VND20 billion ($758,842) in 2020, projecting tenfold growth by 2025.
Viet Nguyen now produces 60% of chip testing components and aviation parts for firms like Boeing. IDEA Group focuses on automation, investing 30% of its budget in R&D and exporting to markets like the U.S. and Japan. Tien Thinh has secured orders from multinational companies after meeting international standards over six years, indicating a strong commitment to quality in manufacturing.
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