Vietnam is shifting its economic growth model to create high-added value, focusing on attracting new-generation investment and technology for sustainable development. Experts highlight the country’s growing role in the global smart manufacturing chain, partly due to its natural resources. Vietnam has vast rare earth reserves, crucial for semiconductor production, totaling 22 million tonnes, second only to China. Leading semiconductor corporations from the US, Europe, China, Japan, and South Korea are planning joint ventures and investments in Vietnam. Nguyen Anh Tuan, Deputy Director of the Ministry of Planning and Investment’s Foreign Investment Agency, noted that Vietnam is a top destination for high-tech industries. HSBC ranks Vietnam among the top three ASEAN countries for attracting tech sector investment.