Almost three quarters of Vietnam’s exports are from foreign-invested enterprises, Vietnam Plus is reporting. In fact, US$259.95 billion (73.1 percent) of Vietnam’s exports were facilitated by foreign operators in 2023. The state media agency goes on to say foreign direct investment is ‘crucial’ to Vietnam’s economy.

Note that, there have been some whispers of firms that are not entirely happy with the huge number of foreign firms setting-up shop in Vietnam. In December, the Vietnam Supporting Industry Association, for example, suggested the number of Chinese firms in supporting industries were making it difficult for local manufacturing firms to grow. It’s not clear that this is the actual reality but it does indicate that there may be a rising weariness of greater foreign direct investment.

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