Vietnam's northern Phu Tho Province aims to attract enterprises specializing in semiconductors, electronic components, data centers, and artificial intelligence (AI).
Revenue from the Vietnamese market has seen explosive growth over the past year. From 1.08 billion yuan in 2024, revenue tripled by 2025. Compared to 2023 (559 million yuan), the revenue scale has increased sixfold.
In 2024, nearly 80% of China's Outward Direct Investment (ODI) flowed into Asia, an increase of 8.5% year-on-year, with $34.36 billion poured into ASEAN, a rise of 36.8%.
China is also the central province’s largest trading partner, with export turnover reaching $547 million in 2024 and nearly $400 million in the first half of 2025.