Việt Nam to become one of Asia’s leading high-value manufacturing hubs: seminar

Việt Nam to become one of Asia’s leading high-value manufacturing hubs: seminar

A business seminar on upgrading Việt Nam’s industrial sector through Nordic expertise and partnership was held in HCM City on Wednesday, bringing together business leaders, industry experts and policymakers to discuss higher-value, sustainable, and globally competitive industrial development to 2030.

Speaking at the event, co-organised by the Nordic Chamber of Commerce Vietnam (NordCham) and its partners, Sivert Skarn, vice chairman of NordCham Vietnam, said the Southeast Asian nation has made remarkable progress over the past three decades, emerging as one of Asia’s most dynamic manufacturing and export economies.

The country has attracted diverse global investment flows and established a solid industrial foundation.

He noted that Việt Nam is now on the threshold of becoming a leading manufacturing hub for both global and ASEAN markets, with the potential to position itself as one of Asia’s foremost high-value manufacturing centres. However, the country is also facing increasing competition from regional economies such as Malaysia, Indonesia and India.

According to Skarn, as Việt Nam pursues its strategic objectives for 2030, it must address the challenge of moving further up the global value chain while strengthening its position as a hub for advanced manufacturing, engineering excellence, innovation, and sustainable industrial growth.

He emphasised that the energy sector would be one of the decisive factors shaping its next phase of industrial development, as rising economic growth will drive increasing demand for reliable energy supplies.

A business seminar on upgrading Việt Nam’s industrial sector through Nordic expertise and partnership was held in HCM City on June 3, bringing together business leaders, industry experts and policymakers to discuss higher-value, sustainable, and globally competitive industrial development to 2030. 

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