Vietnam emerging as an industrial location of choice

Vietnam is positioning itself as an attractive industrial location amidst a rapidly changing global economy. Geopolitical shifts, trade tensions, and technological advancements are influencing investment decisions and production strategies for global businesses. In 2026, Vietnam aims to achieve double-digit economic growth, prompting a focus on improving foreign investment quality and efficiency. Foreign direct investment (FDI) in Vietnam reached $40.63 billion in the first eight months, a 55.4% year-on-year increase.

Manufacturing and processing sectors have been the primary draw for foreign investment, accounting for 55.9% of newly registered capital and 82.6% of disbursed FDI. The concept of the next-generation industrial park (IP) is being discussed, emphasizing circular economy principles, resource efficiency, and cleaner production. To achieve this, elements such as energy transition infrastructure, industrial symbiosis, carbon emissions monitoring, and integrated logistics must be integrated from the planning stage.

Vietnam has made progress in implementing eco-IP models, with localities like Dong Nai, Ho Chi Minh City, Haiphong, and Bac Ninh incorporating eco-IPs into their development plans. The government is proposing measures, including preferential interest rates and tax incentives, to support IP infrastructure developers and transition towards eco-IPs.