Procurement from Vietnam
Vietnam has a skilled labor force and a well-established infrastructure for manufacturing, making it an attractive choice for businesses aiming to optimize their supply chains. Well-known local suppliers and manufacturers, such as VinFast, a subsidiary of Vingroup, specialize in automotive manufacturing and have swiftly expanded their presence in the international automotive market.
Manufacturing clusters have also been established, in industries like electronics, textiles, and automotive. The Ho Chi Minh City region in the south and Bac Ninh in the north are key clusters for electronics manufacturing, while areas like Hai Phong and Quang Nam are hubs for automotive production. These clusters offer a conducive environment and incentives to attract businesses looking to set up or expand their manufacturing operations.
GetAhead’s sourcing activities in Vietnam mostly focus on four industries
Automotive & E-Mobility
Vietnam is rapidly emerging as a crucial supplier for the automotive and e-mobility industry. Key products include automotive components, electric motorcycles, and electric vehicle (EV) batteries. Domestic Vietnamese companies, such as VinFast, is making significant progress in both domestic and international markets with the production of automobiles and electric motorcycles. Other companies engaged in manufacturing and supplying products in the automotive and e-mobility industry include THACO and APECS Group. SAOVANGCO is engaged in the manufacturing and distribution of tires and rubber products, which are essential components for the automotive industry.
Smart Manufacturing
Looking into industrial automation systems, precision machinery, and electronics manufacturing services, domestic Vietnamese companies such as FPT Corporation, a leading IT services provider specializing in automation and robotics, and Tinhvan Group, engaged in software development and digital solutions, are playing a part to the export of smart manufacturing solutions. The country’s strong presence in the electronics manufacturing sector, with companies like Samsung Electronics operating major production facilities in Vietnam, further underscores its importance as a key player in the global supply chain. As industries worldwide increasingly adopt Industry 4.0 technologies and automation, Vietnam’s commitment to innovation and quality positions it as a competitive source for products and services that meet the evolving needs of smart manufacturing both domestically and internationally.
Green Tech
Local Vietnamese companies, such as SolarBK and IREX, one of the leading solar energy solution providers, and Dien Quang Lamp JSC, engaged in LED lighting production, are actively contributing to the export of green tech and renewable energy products. Vietnam’s renewable energy sector has witnessed substantial growth in recent years, driven by an increasing focus on sustainable energy sources. SolarBK, in particular, is renowned for its solar panels and inverters business, catering to the global demand for clean and efficient energy. Waste-to-energy systems are also a rising segment, with companies like T&T Group involved in waste management and conversion of waste into electricity.
Construction
Vietnam, with its extensive steel production capabilities, is a key player in providing steel structures, reinforcing bars, and construction materials, which are in high demand globally. One example is Hoa Phat Group, a leading Vietnamese conglomerate with a primary focus on steel manufacturing and construction. Vinacomin is a state-owned conglomerate in Vietnam, primarily engaged in the extraction of coal and minerals, which are essential raw materials for various industries, including construction and manufacturing.
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