Global manufacturing shifts to Vietnam

Vietnam is currently the largest factory of Nike (American sportswear manufacturer). In addition, a series of other global manufacturers continue to choose Vietnam as an important production base and ordering address.

Nike chooses Vietnam as its largest production base

About 12 billion USD worth of footwear produced in Vietnamese factories were exported to global markets in the first half of 2025, an increase of more than 10% compared to the same period in 2024. Along with that, nearly 19 billion USD worth of textiles and garments were also successfully exported, an increase of about 12.3% compared to the same period...

Industries that contribute tens of billions of USD in revenue, such as phones and computers, continue to maintain their export performance, despite the unfavorable global trade environment.

The above statistics once again show that large manufacturers and businesses still trust and choose Vietnam as a base for manufacturing goods for global sale.

According to Nike's annual report for fiscal year 2025 (ending May 31, 2025), Vietnam maintains its position as Nike's largest factory for both footwear and apparel. In terms of footwear, Nike's three largest producing countries are Vietnam with 51% of total output, Indonesia with 28%, and China with 17%. In terms of apparel, Vietnam produces 31% of Nike's products, higher than China and Cambodia with 15% each.

Thus, compared to last year, Nike's footwear and apparel production in Vietnam has increased slightly. Nike's production data shows that as of the end of January 2025, there were 98 manufacturers and suppliers with factories in Vietnam, with a total of 162 factories and more than 493,000 workers. The structure focuses on 3 main products, including apparel, equipment, and footwear.

In the past 5 years, especially after the Covid-19 period, with fluctuations in the world economy and restructuring of the global supply chain, Vietnam has still been chosen as an important production base with the ability to supply many products, most notably the group of processed and manufactured industrial products.

Vietnam's advantage is that it has continuously welcomed large FDI flows, even during the Covid-19 period. FDI registered in Vietnam in 2020 reached 28.53 billion USD; in 2021 it was 31.15 billion USD; in 2022 it was 27.72 billion USD; in 2023 it was 39.39 billion USD; in 2024 it reached nearly 38.23 billion USD.

Although registered FDI capital fluctuates slightly every year, it is important that realized FDI capital still increases steadily every year: in 2020-2021, each year is approximately 20 billion USD; in 2022-2023, it is 22.4 billion USD and 23.18 billion USD; in 2024, it will reach 25.35 billion USD.

Vietnam has been transforming strongly to become a major global manufacturing center with the ability to supply a wide variety of products, competitive in price and increasingly improved in quality.

Up to now, many export groups of Vietnam have penetrated deeply into the world market, with continuously increasing turnover. On the global map, Vietnam is currently the world's second largest exporter of phones and footwear; third in textiles; fifth in wood and wood products... Economic powers such as the US, EU, Japan, China, and South Korea are the largest customers of these export groups.

A key link in the global supply chain

By the end of July 15, 2025, the total export value of Vietnam's goods reached 239.19 billion USD, an increase of 30.62 billion USD over the same period in 2024. Of which, exports of the FDI sector reached 175.8 billion USD, an increase of 17.5%, equivalent to an increase of 26.17 billion USD over the same period last year, accounting for 73.5% of the total export value of the country.

The increase in export revenue of the FDI sector confirms that Vietnam has become an important link in the global supply chain. Despite complicated tariff fluctuations in the world, foreign investors continue to pour into Vietnam.

Recently, Coherent Group (USA) inaugurated the Coherent Factory in Nhon Trach Industrial Park ( Dong Nai ), demonstrating the growing confidence of international technology corporations in Vietnam's investment environment.

Gary Kapusta, Coherent’s global supply chain director, said the company began operations in Vietnam more than a decade ago. Vietnam plays a central role in global manufacturing, product development, and photonics innovation.

Huali Vietnam Group Co., Ltd., a member of Huali Group (China), has decided to invest more capital in Vietnam to open a second factory in Thai Nguyen, with a total capital of 100 million USD, specializing in the production of flooring for export.

“To continue to seize export opportunities, the company will invest sustainably from the beginning, focusing on new, greener technology to keep up with consumer trends,” said Henry Xu, deputy general manager of Huali Group Co., Ltd.

In the first half of 2025, foreign investors registered to invest 21.51 billion USD in Vietnam, up 32.6% over the same period last year. Notably, the processing and manufacturing industry - which contributes a large part of export revenue - still leads with a total investment capital of nearly 12 billion USD, accounting for 55.6% of the total registered investment capital, up 3.9% over the same period.

Source: https://baodautu.vn/san-xuat-toan-cau-chuyen-huong-toi-viet-nam-d350114.html