For the full infographic, refer here Vietnam manufacturing_ENG

Vietnam’s manufacturing sector is large, fast-moving, and increasingly shaped by foreign investors. In 2024, the industry generated around USD 577 billion in revenue across more than 156,000 companies. Yet the real story is not just market size — it is concentration. FDI companies made up only 6% of manufacturers, but generated 62% of total manufacturing revenue.

For foreign investors, this points to a clear message: Vietnam is no longer just an emerging production base. It is already a major manufacturing platform where scale, supply chains, and partner selection matter more than ever.

Key takeaway about Vietnam manufacturing

B&Company’s synthesis 

Electronics Remains the Powerhouse

Electronics and computers are the strongest engine of Vietnam’s manufacturing sector, contributing 27% of total industry revenue. Even more striking, FDI companies generated 99% of revenue in this segment.

This shows how deeply foreign investors are embedded in Vietnam’s high-tech manufacturing ecosystem. For companies in components, precision parts, automation, testing, packaging, logistics, or industrial services, the opportunity is not only in final assembly, but also in joining the supplier network around large FDI manufacturers.

FDI Firms Are Small in Number, Big in Impact

The average FDI manufacturer generated around USD 35 million in revenue, compared with only USD 2 million for Vietnamese firms. This means FDI companies are about 17 times larger by average revenue.

However, domestic firms still dominate in company count, especially in food, fabricated metals, textiles, wood products, furniture, chemicals, and related sectors. This creates a large pool of potential local suppliers, distributors, subcontractors, and M&A targets — but also makes partner screening essential.

Different Investors, Different Strategies

FDI revenue in Vietnam’s manufacturing sector is strongly led by investors from Korea (27%), China (15%), Singapore (15%), and Japan (12%), but their investment patterns differ clearly.

Korean and Singaporean investors are highly concentrated in electronics (over 65% of manufacturing revenue), showing a scale-driven strategy. Japanese and Chinese manufacturers are more diversified, with activities spread across electronics, automobiles, transport equipment, textiles, electrical products, rubber, and plastics.

From Market Insight to Market Access

For FDI companies, success in Vietnam depends on finding the right sector, location, and local partners. B&Company supports this process through industry research, market entry consulting, and business matching.

With a database of more than 1 million companies in Vietnam, including over 20,000 FDI enterprises, B&Company can help foreign investors identify suitable suppliers, distributors, buyers, local partners, or M&A candidates — turning market data into real business opportunities.

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