Viet Nam is steadily moving beyond its role as a simple production base to become a higher-value link in global industrial value chains, driven by strong economic growth, political stability, a skilled workforce and deeper integration into international supply networks, a French expert has said.

Speaking to French business and financial news channel BFM Business, Mickaël Driol, CEO of Mekong Partners, noted that amid global trade tensions and geopolitical uncertainty, multinational companies are increasingly diversifying their supply chains, with Viet Nam emerging as a key beneficiary of this trend.In the first five months of 2026, Viet Nam attracted around 25 billion USD in registered foreign direct investment (FDI), 

With nearly 10 billion USD already disbursed. These figures, the expert stressed, reflect not only commitments on paper but also concrete projects involving factory construction, production line installation, labor recruitment, and the formation of supplier networks.

He noted that Viet Nam’s advantages go beyond competitive labor costs, highlighting its political stability, increasingly well-trained young workforce, deep international economic integration, and strong connectivity with major markets such as the US, the European Union, Japan and the Republic of Korea.

Viet Nam has already established a solid position in key sectors, including electronics, components, high-tech assembly and industrial equipment manufacturing, he said.

According to Driol, Viet Nam’s foreign investment landscape is undergoing a clear shift. Instead of being focused mainly on labor-intensive manufacturing as in the past, investment is increasingly shifting toward higher value-added sectors, including high-tech electronics, semiconductors, automation, energy transition and digital transformation.

He pointed to the growing presence of French companies such as Air Liquide and Schneider Electric, which are expanding their operations in Viet Nam through advanced technologies, engineering solutions and modern industrial projects.

Against this backdrop, he said that Viet Nam is no longer simply a manufacturing hub, but is gradually becoming a destination for engineering development, production automation, smart factory transformation and the development of long-term industrial capabilities.

Comparing Viet Nam with other regional economies, the expert said Viet Nam stands out for export-oriented industrial production and its ability to integrate rapidly into global value chains.

He added that investment trends in Asia are shifting away from single-country strategies toward diversified portfolios, with Viet Nam playing a key role as a regional production and export hub.

According to the expert, Viet Nam should continue strengthening its domestic industrial capacity. He stressed that future challenges extend beyond administrative reform to ensuring more consistent policy implementation across key areas, including land clearance, investment licensing, customs procedures and energy infrastructure. He noted that progress in these areas will be crucial for Viet Nam to sustain its competitiveness in attracting high-tech investment projects.

Source: QDNDNews

• Europe depends on China. Here's where China still depends on Europe — more than you'd think
• Completing Viet Nam's Textile and Garment Supply Chain: Removing bottlenecks
• What King Charles' historic tax disclosure reveals and what it hides
• First carbon trading exchange set to make debut next week
• Spreading value of traditional medicine