Vietnam emerges as safe destination for global manufacturing giants
(VOVWORLD) - Vietnam earned a record 57.5 billion USD from exporting phones and components in 2021, up more than 12% against the previous year.
One of the largest phone manufacturers Samsung Vietnam recorded a revenue of 74.2 billion USD, a 14% year-on-year increase.
Meanwhile, contract factories in Vietnam manufactured 51% of total Nike brand footwear last year and 40% of Adidas footwear were made in Vietnam.
More Global manufacturing giants have expanded their presence in Vietnam, including Foxconn and Pegatron.