Vietnam has built a solid semiconductor and electronics industry before joining ITSI, attracting major US semiconductor companies. Intel Products Vietnam is one of Intel's largest assembly and testing facilities worldwide, while chip design companies such as Synopsys, Cadence, Marvell and Qualcomm have established engineering and research centres in the Southeast Asian country.
Rather than expanding logistics infrastructure indiscriminately, the MoIT plans to establish a tiered network comprising national, regional and local logistics centres, specialised logistics hubs and cargo consolidation points.
The eco-industrial park model will help Vietnam meet international environmental standards while creating opportunities to improve growth quality and economic competitiveness. Many multinational corporations now view green standards, emissions reduction and energy efficiency as key conditions when selecting investment destinations.
Party General Secretary To Lam commended FedEx’s achievements in Vietnam over the past three decades and affirmed his support for the company’s continued expansion in key sectors such as infrastructure, services, and transport, contributing to strengthening global supply chains and positioning Vietnam as a major logistics hub.
Vietnam’s textile and garment industry is facing tough times to connect itself with global supply chains, although the industry’s export revenue growth is expected to stay high, according to the Vietnam National Textile and Garment Group (Vinatex).