Global tech giants drawn to Vietnam’s big push to become advanced manufacturing hub

[HO CHI MINH CITY] For decades, Vietnam has been the home of low-cost manufacturing facilities and cheap labour. In recent years, however, the government and the private sector have made a big push to bring in the best talent in an ongoing effort to become a regional technology manufacturing hub.

This has attracted the attention of numerous global tech giants, many of whom have beefed up their investments in Vietnam’s high-tech sectors.

Last December, Samsung inaugurated a US$220 million research and development (R&D) centre in the capital Hanoi, its largest in South-east Asia. Nearly all of the 2,000 staff at the 16-storey facility are local tech talent who graduated from the country’s top universities.