Manufacturing in Vietnam has become popular over the last two decades. Vietnam has become a popular destination for manufacturing operations on the back of generous tax incentives and relatively low-cost labour. As a result, the manufacturing industry in Vietnam has exploded.
A range of big-name brands have chosen to open factories in Vietnam. This list comprises eight of the biggest companies manufacturing in Vietnam.
Electronics and Technology manufacturing in Vietnam
Samsung Electronics Vietnam
Samsung Electronics Vietnam is a significant part of Samsung’s global manufacturing network and one of the largest foreign investors in the country. Its operations in Vietnam play a central role in the production of consumer electronics, particularly smartphones and home appliances.
Samsung has established several major manufacturing facilities in Vietnam. The first is Samsung Electronics Vietnam, located in Bac Ninh Province. This factory, established in 2009, focuses primarily on the production of smartphones, tablets, and related accessories. It has grown to become one of Samsung’s largest smartphone manufacturing plants globally.
Another major facility is Samsung Electronics Vietnam Thai Nguyen located in Thai Nguyen Province. This plant was set up in 2013 and also focuses on the production of smartphones and other electronic components. Additionally, Samsung established the Samsung Ho Chi Minh City CE Complex in Ho Chi Minh City to produce consumer electronics, including televisions, refrigerators, and washing machines.
Samsung’s total investment in Vietnam has exceeded US$17 billion, making it one of the largest foreign investors in the country. Vietnam plays a crucial role in Samsung’s global supply chain, with around half of its smartphones being manufactured there. This has not only bolstered the country’s position as a global manufacturing hub but has also significantly contributed to Vietnam’s exports.
Intel Products Vietnam
Intel Products Vietnam is a key part of Intel Corporation’s global manufacturing and supply chain network. It focuses primarily on chip assembly and testing, making it a vital component of Intel’s semiconductor production. Located in the Saigon Hi-Tech Park in Ho Chi Minh City, Intel’s facility in Vietnam is one of its largest and most advanced of its kind.
The plant was established in 2006, with an initial investment of $1 billion, and later expanded. Intel’s investment in Vietnam reflects the country’s growing importance in global technology manufacturing. The facility performs back-end manufacturing processes, including the assembly and testing of microchips, which are then distributed to markets around the world.
Intel Products Vietnam contributes significantly to Intel’s global production of processors and other semiconductor components. It plays a strategic role in helping the company meet global demand for advanced computing technologies. The factory also creates jobs for thousands of Vietnamese workers.
In recent years, Intel has expanded its investment in the Vietnam facility to enhance its production capacity and upgrade its technologies. This continued investment demonstrates Intel’s commitment to Vietnam as a crucial part of its global supply chain.
Textile and Garments manufacturing in Vietnam
Vinatex (Vietnam National Textile and Garment Group)
Vinatex (Vietnam National Textile and Garment Group) is one of the largest textile and garment manufacturers in Vietnam, playing a crucial role in the country’s thriving apparel industry. Established in 1995, Vinatex operates as a state-owned enterprise and has grown into a leading entity in Vietnam’s textile and garment sector, contributing significantly to the country’s export economy.
Vinatex’s operations span the entire textile supply chain, from spinning, weaving, dyeing, and finishing fabrics to garment manufacturing. The group comprises over 120 subsidiary companies and factories located across Vietnam, producing a wide range of textile products such as cotton, synthetic fibres, fabrics, and finished garments. Vinatex supplies both domestic and international markets, partnering with well-known global brands and retailers in the apparel industry.
The group has invested heavily in modernising its production facilities to enhance efficiency and meet international quality standards. Vinatex also focuses on sustainability by adopting environmentally friendly technologies and practices in its manufacturing processes. This helps the group remain competitive in the global market, where there is growing demand for eco-friendly and ethically produced apparel.
In addition to its manufacturing activities, Vinatex plays an important role in shaping Vietnam’s textile industry through research, innovation, and workforce training. Its operations have contributed to Vietnam’s position as one of the largest textile and garment exporters in the world, with key markets including the United States, the European Union, Japan, and South Korea.
Thanh Cong Textile Garment Investment Trading
Thanh Cong Textile Garment Investment Trading (commonly known as Thanh Cong) is one of Vietnam’s leading vertically integrated textile and garment companies. Founded in 1976, the company has evolved into a major player in the country’s textile and garment industry, with operations spanning the entire supply chain, from fabric production to finished garments.
Thanh Cong’s business model integrates several key processes, including spinning, knitting, dyeing, and garment manufacturing. This vertical integration allows the company to control the quality of its products at every stage of production and respond quickly to market demands. Its facilities are located in Ho Chi Minh City and neighbouring regions, producing a wide range of textile products, including yarns, knitted fabrics, and garments such as T-shirts, polo shirts, and sportswear.
The company has strong partnerships with major international brands and retailers, exporting its products to key markets in the United States, Europe, Japan, and South Korea.
In recent years, Thanh Cong has placed an emphasis on sustainability, investing in eco-friendly technologies, including water recycling systems and energy-efficient production methods. This focus aligns with the growing demand for sustainable and ethically produced textiles and garments in global markets.
As a publicly listed company on the Ho Chi Minh Stock Exchange, Thanh Cong continues to expand its operations and seek new opportunities for growth in Vietnam’s garment and textile industry.
Automotive and machinery manufacturing in Vietnam
Thaco (Truong Hai Auto Corporation)
Thaco (Truong Hai Auto Corporation) is one of Vietnam’s largest automotive manufacturers and a leading player in the country’s automotive industry. Established in 1997 by Tran Ba Duong. Thaco has grown into a diversified corporation with activities spanning from importing automobile manufacturing, assembly, distribution, and sales.
Thaco’s headquarters and main manufacturing complex are located in the Chu Lai Economic Zone, Quang Nam Province. This industrial park, known as Thaco Chu Lai Industrial Park, is one of the largest automotive production centres in Southeast Asia. It includes facilities for producing and assembling cars, trucks, and buses, as well as plants for manufacturing components such as engines, chassis, and car bodies. Thaco’s production capabilities allow it to produce vehicles under its own brand as well as assemble vehicles for international carmakers.
The company has established strategic partnerships with several well-known global automotive brands, including Mazda, Kia, and Peugeot, assembling their vehicles for the Vietnamese market. Thaco produces a wide range of vehicles, from passenger cars to commercial trucks and buses.
In addition to automotive manufacturing, Thaco has diversified into other sectors, such as agriculture, logistics, and real estate. Its agriculture division focuses on producing and exporting agricultural machinery, while the logistics arm provides transportation and supply chain solutions for the automotive and other industries.
Thaco has been a driving force in Vietnam’s automotive industry. By investing heavily in advanced manufacturing technologies and developing a skilled workforce, the company has contributed significantly to Vietnam’s industrial development. Thaco’s long-term vision includes increasing local content in its vehicles, expanding into international markets, and playing a central role in the regional automotive supply chain.
Hyosung Vietnam
Hyosung Vietnam is a subsidiary of Hyosung Corporation, a South Korean industrial conglomerate. Established in Vietnam in the late 2000s, Hyosung Vietnam operates multiple production facilities, making it one of the largest foreign investors in the country’s industrial sector. The company’s main manufacturing complexes are located in Dong Nai and Quang Nam provinces, where it produces a range of industrial materials.
In addition to textiles, Hyosung Vietnam manufactures other industrial goods, including tire reinforcement materials and steel cords. The company is also involved in producing electrical components such as transformers and energy storage solutions, supporting Vietnam’s infrastructure and industrial needs.
Hyosung Vietnam plays a key role in the group’s global supply chain, leveraging Vietnam’s competitive advantages such as its skilled labour force and proximity to major markets in Asia, North America, and Europe. It continues to invest in expanding its production capacity and maintaining high standards of sustainability.
Chemicals and materials manufacturing in Vietnam
PetroVietnam Fertilizer and Chemicals Corporation
PetroVietnam Fertilizer and Chemicals Corporation (PVFCCo) is a leading Vietnamese company in the production and distribution of fertilisers and chemicals. Established in 2003 as a subsidiary of PetroVietnam (Vietnam Oil and Gas Group), PVFCCo plays a crucial role in supporting the country’s agricultural sector by supplying fertiliser.
The company’s flagship product is Phu My Fertilizer (urea), produced at its state-of-the-art Phu My Fertilizer Plant in Ba Ria-Vung Tau Province. This plant, which began operations in 2004, is one of the largest and most advanced fertiliser production facilities in Vietnam, utilising natural gas as a key input. In addition to urea, PVFCCo produces other essential fertilisers such as NPK, ammonium sulphate, and phosphate fertilisers, catering to the diverse requirements of Vietnam’s agricultural sector.
PVFCCo also produces and distributes a range of industrial chemicals, such as ammonia and CO2, which are used in various industries including petrochemicals and food processing.
The company is committed to maintaining high product quality and ensuring sustainable agricultural practices. Through ongoing investment in technology and innovation, PVFCCo continues to expand its product offerings and enhance its position as a key player in Vietnam’s agricultural development.
Binh Son Refining and Petrochemical
Binh Son Refining and Petrochemical Company (BSR) is a major player in Vietnam’s oil refining and petrochemical industry. It operates the Dung Quat Refinery, the first and largest oil refinery in the country, located in Quang Ngai Province. Established in 2008 as a subsidiary of PetroVietnam (Vietnam Oil and Gas Group), BSR is responsible for managing and operating the Dung Quat Refinery, which began production in 2009.
The Dung Quat Refinery has a refining capacity of approximately 6.5 million tons of crude oil per year, meeting about 30 percent of Vietnam’s domestic demand for petroleum products. It produces a wide range of petroleum products, including gasoline, diesel, jet fuel, and liquefied petroleum gas (LPG), as well as petrochemical products such as polypropylene.
BSR plays a crucial role in ensuring energy security for Vietnam by reducing reliance on imported refined petroleum products. The company has been investing in technology upgrades and expanding its capacity to meet rising domestic demand and comply with environmental standards. It is also exploring opportunities to diversify its product portfolio, focusing on downstream petrochemical products that add value to its operations.
As one of the key contributors to Vietnam’s energy and industrial sectors, BSR continues to play a strategic role in the country’s economic development and industrialisation efforts.
What’s next?
Vietnam has become a popular destination for manufacturing operations on the back of generous tax incentives and relatively low-cost labour. As a result, the manufacturing industry in Vietnam has exploded with a number of big brands importing parts and components into Vietnam to assemble and test in the country.
That said, the business environment in Vietnam can be very dynamic and change rapidly. With this in mind, foreign firms doing business in Vietnam should make sure to keep up with the latest developments by subscribing to the-shiv.