Foreign media: Chinese companies' investments and business in Vietnam are rapidly expanding.
From January to November 2025, Vietnam's imports from China have reached about 168 billion US dollars, an increase of nearly 30% year-on-year, setting a new record. Among them, electronic components account for nearly one-third, and the import of consumer goods such as vegetables and cars is also increasing.
The scope of business of Chinese companies in Vietnam is continuously expanding, from traditional manufacturing to fields such as electric vehicles, retail, and e-commerce. For example, the Chinese electric vehicle manufacturer Yadea ranks fourth in sales in Vietnam, second only to the local electric vehicle leader VinFast.
In addition, Chinese brands such as KKV are rapidly expanding in the retail market in Vietnam. TikTok, a subsidiary of ByteDance, has become the preferred social commerce platform in Vietnam, while Lazada, owned by Alibaba, also holds an important position in Vietnam's e-commerce market.
Chinese enterprises are also transferring technology to Vietnam through joint ventures with Vietnamese companies, which was rare in the past. For example, CNTE, supported by Contemporary Amperex Technology (CATL), has partnered with Delta E&C in Vietnam to establish a factory, planning to export 250 containers of battery energy storage systems annually starting from October 2026.
This indication of technology transfer and long-term commitment shows that Chinese enterprises are viewing Vietnam as an important consumer market, rather than just an assembly base.
Original article: toutiao.com/article/1851133589677132/
Statement: This article represents the views of the author alone.