Vietnam: A Rising Global Manufacturing Hub

For decades, China has played a dominant role in global manufacturing with its low labor costs, massive domestic market, and government-driven industrial support. However, starting in the 2010s, rising labor costs, policy volatility, and growing geopolitical tensions—particularly the US-China trade conflict and China’s “Zero-COVID” policies—have accelerated a shift away from China. Among the new alternatives, Vietnam has emerged as one of the most attractive destinations.

Why Vietnam?

Vietnam’s appeal as a manufacturing base is rooted in three core advantages:

• Abundant Workforce & Competitive Labor Costs
  As of early 2025, Vietnam’s labor force exceeds 52.9 million—approximately 1.8 times that of Korea. Its minimum wage remains about one-eighth of Korea’s and half that of China.
   

• Pro-Business Government Policies
  The Vietnamese government has implemented policies to attract foreign investment by improving infrastructure (roads, ports, healthcare), offering tax incentives, revising investment laws, and providing favorable land lease terms.
   

• Strategic Location
  Vietnam is geographically positioned along key shipping routes and shares a border with China, allowing seamless integration with existing supply chains and facilitating efficient imports and exports.
   

These advantages have drawn major global tech firms such as Apple, Intel, and Google, as well as leading Korean conglomerates like Samsung, LG, and SK. By the end of 2024, the number of Korean companies operating in Vietnam exceeded 10,000.

VINATech’s Manufacturing Footprint in Vietnam

To meet growing global demand for supercapacitors, VINATech established its Vietnam subsidiary in 2017. Today, the company operates three production facilities in the region:

• Bac Ninh Plant
  The core production site of VinaTech Vietnam, the Bac Ninh plant produces over 14 million supercapacitors per month at peak capacity. Approximately 520 employees work at this facility, 78% of whom are engaged in on-site operations.

• Bac Giang Plant
  In response to rising demand, VinaTech expanded with a new facility in Bac Giang. This site is focused on improving productivity and training skilled personnel through exchange programs with the headquarters.

• Ha Nam Plant
  Acquired in 2024 through the integration of VinaEnersol, the Ha Nam plant specializes in the production of advanced polymer and hybrid capacitors. Around 60 employees are currently working at the facility.

Across all sites, more than 500 local employees collaborate with VINATech to deliver high-performance supercapacitor solutions. The company continues to invest in quality control, operational efficiency, and R&D to ensure global competitiveness.

Strengthening Global Competitiveness

As a leading provider of high-output, high-durability supercapacitors, VINATech offers customized energy solutions for sectors such as mobility, smart metering, and energy storage systems. The Vietnam operations are not merely a production base, but a strategic hub in VinaTech’s global supply chain—supported by close collaboration with the Korean headquarters in both technology and talent.

VINATech will continue to strengthen its internal capabilities and take the lead in shaping the future of energy innovation in the global supercapacitor market.

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