Vietnam is entering a new economic era. Once known primarily for its manufacturing strength, the country is now rapidly transforming into a knowledge-driven economy powered by digital innovation, technology, and skilled human capital.
Over the past decade, Vietnam has steadily climbed the global value chain. Traditional manufacturing sectors such as textiles and electronics remain vital, but the country is now seeing fast growth in IT, finance, professional services, and digital commerce. This shift is driven by heavy investment in STEM education, a young and ambitious workforce, and government programs promoting digital transformation and Industry 4.0 adoption across industries.
Today, more than 70% of Vietnam’s population is under 40, with a growing share fluent in English and equipped with advanced digital skills. The rise of local tech startups and the influx of global R&D centers, especially in Ho Chi Minh City and Hanoi, are further accelerating this transition.
For international companies, this evolution means access to affordable, high-quality knowledge employees who can contribute to regional innovation and digital growth. Through Employer of Record (EOR) solutions, businesses can now hire these professionals quickly and compliantly, without establishing a local entity.
As Vietnam continues to redefine its economic identity, it stands as one of Asia’s most promising destinations for technology, innovation, and talent-driven growth.
