Vietnam is increasingly positioned as a key factor in the global electronics market, in the context of large technology corporations promoting the strategy of diversifying supply chains and reducing dependence on a single manufacturing nation.
New moves from technology "giants" show that Vietnam's role is not only limited to assembly, but is gradually expanding to higher value stages in the electronics manufacturing chain.
According to MENAFN (headquartered in the US), Google is expected to start developing the Pixel smartphone line in Vietnam at the end of this year.
Previously, Google assembled some smartphone products in Vietnam, but has not completely shifted production operations to this country. The new plan is considered an important step in Google's global production restructuring strategy.
Google's move reflects a broader trend in the technology industry, as more and more corporations seek to diversify production operations. In that context, Vietnam has emerged as an attractive destination thanks to the combination of rapidly developing infrastructure, skilled labor force and stable investment incentive policies.
These factors are helping Vietnam become a high-end smartphone manufacturing center, increasingly attracting the attention of international businesses.
Nation Thailand (Thailand) commented that Google's expansion of production activities in Vietnam is a clear signal showing Vietnam's increasing role in the global technology manufacturing industry.
According to this assessment, Vietnam is proving its increasing ability to support the development and deployment of new technology product lines, requiring high standards in terms of technology, management and supply chains.
Not only Google, many other large technology corporations are also considering Vietnam as an important link in their long-term strategy.
Foreign investment news site FDI Intelligence (UK) said that Vietnam has built solid trust with investors thanks to a relatively consistent governance model, an increasingly transparent legal system and reforms towards being friendly to businesses.
Vietnam is considered a typical successful case in attracting high-tech investment. Intel Group (USA) is a typical example.
Intel has continuously expanded its operations in Vietnam through investments with a total value of up to 1.5 billion USD. Intel's increased presence in Vietnam reflects the long-term confidence of this group in the investment environment as well as the development potential of the domestic electronics industry.
Behind Intel's success is the rapid formation and development of the semiconductor ecosystem in Vietnam, along with an experienced workforce and the ability to meet increasingly stringent technical requirements.
At the same time, Vietnam also plays a role as a cost-competitive link in the global electronics supply chain, helping businesses optimize costs while still ensuring the quality and stability of production.
In the context of the global supply chain continuing to shift and restructure, Vietnam is facing a great opportunity to consolidate its leading position in the wave of electronic investment attraction.
