bet88 con's manufacturing embraces smart tech

In recent years, bet88 con has emerged as an attractive investment destination for foreign investors and become an important link in the global supply chain.

Statistics show that in 2024, bet88 con's total import and export turnover of goods reached 6.29 billion, an increase of 15.4% compared to the previous year, of which exports increased by 14.3% and imports increased by 16.7%.

In exports alone, in 2024, there were 37 items with export turnover of over billion each, accounting for 94.3% of total export turnover.

Specifically, the export value of the group of electronics, computers and components reached .6 billion, an increase of 26.6% compared to 2023, accounting for 17.9% of the total export turnover; telephones and components reached .9 billion, an increase of 2.9%, and machinery, equipment, tools and spare parts reached .3 billion, an increase of 21%.

"These data show that bet88 con is transitioning from traditional textiles, garments and footwear to high-end electronics and smart manufacturing," said Mr. Ngo Lang Van, CEO of Sunrise Big Data Co., Ltd.

According to Prof. Dr. Nguyen Mai, Chairman of the bet88 con Association of Foreign Invested Enterprises (VAFIE), bet88 con is a country with a competitive advantage in attracting foreign investment thanks to 17 new-generation free trade agreements it has signed and its ambitious goals in transforming the growth model, perfecting institutions and policies according to international practices, and restructuring the state apparatus towards streamlining and efficiency.

"Foreign investors consider these advantages as opportunities to invest in bet88 con, and bet88 con also has the opportunity to select projects that are suitable for the Government's and local authorities' FDI attraction orientations," Prof. Mai said.

Mr. Van highlighted the emergence of production chains in bet88 con involving global leaders such as Samsung, Foxconn, and BYD in the North (consumer electronics and automotive industries) and Midea and Adidas in the South (home appliances, textiles, and garments).

However, the current shortcoming in bet88 con's industrial chains is the weak supporting capacity of the domestic supply chain, forcing businesses in the chain to import raw materials and components.

"This not only increases the costs of businesses but also reduces the flexibility and stability of the supply chain," said Mr. Van, suggesting that bet88 con needs to make more efforts in localizing supply chain services, researching and developing new materials as well as applying advanced technologies.

In this direction, he recommends that Vietnamese businesses cooperate more strongly with supply chain businesses from China, Japan, South Korea, Taiwan (China)... to upgrade smart manufacturing chains, especially those associated with semiconductors and AI digitization.