Vietnam attracts major tech investment from Google, LG, and Intel

Vietnam is attracting significant technology and manufacturing investments as global companies restructure their supply chains. Google is reportedly planning to move the production of its Pixel smartphones, smartwatches, and wireless earbuds out of China by 2027, with Vietnam identified as a likely destination due to its existing smartphone production capabilities and established electronics supply chain.

Other major tech players are also expanding their footprint in the country. LG is reportedly seeking to invest $1 billion to build a semiconductor packaging substrate factory through LG Innotek, while Intel is in the process of increasing its committed investment in Vietnam from $1.5 billion to $4.1 billion.

On a strategic level, Vietnamese leadership has endorsed Qualcomm’s plan to establish Vietnam as a key Asian hub and a significant global research and development center. This move aligns with the country's Comprehensive Strategic Partnership with the United States. These developments coincide with Vietnam officially entering the upper-middle-income country group, with per capita GNI reaching $4,970 in 2025.