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Vietnam is reaching out, transforming, regaining its glory from the victory, becoming the world's technology factory

David Lang
Founder & CEO, Viettonkin; FDI and Fortune 500 Consultant
Trường (David) Lăng, Founder & CEO of Viettonkin, is a distinguished FDI advisor and Fortune 500 consultant, spearheading thousands of successful investment projects to connect ASEAN economies with the world.
Trường (David) Lăng, Founder & CEO of Viettonkin, is a distinguished FDI advisor and Fortune 500 consultant, spearheading thousands of successful investment projects to connect ASEAN economies with the world.

HSBC's Vietnam at a glance report titled "Reclaiming glory from the victory" remarks that Vietnam's external momentum continues to shine thanks to the booming electronics industry and stable FDI inflows. The data shows that Vietnam is benefiting from the reopening strategy; Inflation pressure still remains under the control.

11 chart cho thấy Việt Nam đang vươn mình, lột xác, lấy lại hào quang chiến thắng, trở thành công xưởng sản xuất công nghệ của thế giới - Ảnh 1.

Since reopening, Vietnam's external dynamics have been in full swing. Export growth in April was especially strong thanks to the booming electronics export. It can be seen that Vietnam has reached out, successfully transformed, become the world's technology factory, and gained more market share in the export of phones and processors.

Despite the local disruptions caused by the pandemic, Vietnam continues to benefit from stable FDI inflows of the technology giants, both familiar corporations and new investors.

Chart 2. Electronics export has made the most distribution to the total export turnover of VietnamChart 3. Vietnam emerged as an export country of smartphones at the world’s second position
11 chart cho thấy Việt Nam đang vươn mình, lột xác, lấy lại hào quang chiến thắng, trở thành công xưởng sản xuất công nghệ của thế giới - Ảnh 2.

HSBC acknowledges the most successful in the technology sector thanks to Samsung's foreign direct investment (FDI) for many years, with the investment value flowing into Vietnam over the past two decades accounting for about $18 billion. As a result, Vietnam's smartphone market share has significantly increased globally.

Chart 4. Vietnam’s global laptop export market share has increased, etc.Chart 5. Similar to the processors, especially in the recent years.
11 chart cho thấy Việt Nam đang vươn mình, lột xác, lấy lại hào quang chiến thắng, trở thành công xưởng sản xuất công nghệ của thế giới - Ảnh 3.

In the context that 70% of the global finished computers are made in China, Vietnam's global laptop market share is also gradually increasing, surpassing Malaysia to become the main producer in the ASEAN region.

Meanwhile, Vietnam has also emerged as a supplier of microprocessors/controllers (although products assembled in Vietnam are often lower value microprocessors used in many electronic products). This result is supported by Intel's $1 billion investment in an assembly and testing facility in Vietnam since 2006. During the period of June 2009 to December 2020, Intel has invested an additional 475 million USD into the factory in Vietnam to strengthen the production of 5G products and core processors.

Chart 6. US private consumption of goods slows down while the epidemic rises up.Chart 7. China is Vietnam’s number one import market with 30% market share.
11 chart cho thấy Việt Nam đang vươn mình, lột xác, lấy lại hào quang chiến thắng, trở thành công xưởng sản xuất công nghệ của thế giới - Ảnh 4.

HSBC also remarks that Vietnam should be careful with the strong winds that hinder trade from rising up. On the one hand, global consumption is shifting from goods to services.

On the other hand, supply chain disruptions in China make Vietnamese manufacturers more difficult to secure the input materials for future export activities. While Vietnam's export is very good, this brilliant result reminds us not to forget that Vietnam's manufacturing industry is highly dependent on imported raw materials.

About 30% of Vietnam's imports come from China, mainly in the fields of electronics (30%) and equipment and machines (22%).

Chart 8. Inflation in April is still relatively modest.Chart 9. The rate of foreign tourists to Vietnam significantly rises up in April
11 chart cho thấy Việt Nam đang vươn mình, lột xác, lấy lại hào quang chiến thắng, trở thành công xưởng sản xuất công nghệ của thế giới - Ảnh 5.

Vietnam's inflation pressure remains low in the ASEAN region. Total inflation only increased by 0.2% month against the last month, leading to a modest increase of 2.6% in the same period of the last year, still within the market's expectation rate.

Since officially opening the border on March 15, Vietnam has soon benefited from the return of tourism. Vietnam welcomed more than 100,000 tourists in April, three times higher than in March.

Chart 10. Vietnamese people’s mobility is finally exceeding the rate before the epidemicsChart 11. …..resulting in the recovery of the retailing industry
11 chart cho thấy Việt Nam đang vươn mình, lột xác, lấy lại hào quang chiến thắng, trở thành công xưởng sản xuất công nghệ của thế giới - Ảnh 6.

In addition to tourism, domestic demand is also in a strong position thanks to the government's lifting of domestic epidemic prevention and control restrictions. After a slight decline in the first quarter of 2022, people's mobility has finally exceeded the pre-pandemic rate since early April.

This improvement has clearly contributed to the recovery of the retail industry, helping the industry grow 5.8% in April. Not only did merchandise sales increase 2% against the last month, but more importantly, even spending on services and travel-related segments rose 7% against the last month, signalling a bright start to the service sector recovery.

It is an ideal time to start investing in Vietnam. With a high chance of leveraging the opportunities, investors can harvest what they sow in the land of electric and technological sectors in Vietnam. Thus, to start your business in Vietnam, let us help you with the process! We are confident to have a strong team of professional and top-notch experts from the industry, who can assist you every step of the way! Let's get down to work!

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About the Author
David Lang
Founder & CEO, Viettonkin; FDI and Fortune 500 Consultant
Trường (David) Lăng, as Founder and CEO of Viettonkin, dedicates his extensive expertise to fostering robust trade and investment bridges between Southeast Asia and global partners. With over 17 years of experience, he has successfully guided over 3,000 FDI projects and advised Fortune Global 500 corporations on complex market entry and expansion strategies. His impactful work includes providing technical assistance to governments, developing innovative initiatives like Viettonkin's 'FDI Desks,' and maintaining strategic relationships with central authorities and NGOs. David's thought leadership in economic development and policy advocacy empowers businesses worldwide to confidently navigate and thrive in emerging markets.

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Entering Vietnam's Banking Market: Get Your Essential 2025 eBook 

Vietnam's dynamic banking sector is a top destination for foreign investment. To succeed, you need a deep understanding of the local landscape, from new regulations to market entry models.

Our eBook, "ESTABLISHING FOREIGN BANK PRESENCE IN VIETNAM" gives you the crucial insights you need, including:

  • 2024–2025 Sector Overview: Key economic and banking industry analysis.
  • Step-by-Step Entry Guidance: A deep dive into all primary market entry modes.
  • The Latest Legal Updates: Critical regulatory changes taking effect in 2025.
  • Smart Investment Strategies: Insights on M&A, strategic equity, and Fintech.

Download now for the expert knowledge to invest with confidence.

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