When the domestic new energy vehicles "volume" intense, Chinese auto giants have long cast their eyes overseas. Recently, BYD in Vietnam, a big move, once again detonated the industry's attention to this hot spot.

First, 130 million U.S. dollars to build a battery plant, BYD's Vietnam "Yangmou"

In January 2026, BYD signed a contract with Vietnam's local automaker Golden Dragon to invest US$130 million (about RMB 900 million) in a battery plant in Hue. This is not only another key step for BYD in Southeast Asia, but also releases a clear signal: Vietnam is upgrading from a "sales market" to a "core manufacturing base". Why Vietnam? For top manufacturing companies like BYD, the benefits are obvious:

• Capture the market where growth is exploding: With EV sales in Vietnam soaring from 4,040 units in 2022 to nearly 80,000 units in 2024, and continued policy increases (exemption of registration fees until 2027), the market potential is huge.
• Avoiding trade barriers and radiating to ASEAN: Localized production in Vietnam can take full advantage of regional free trade networks such as the ASEAN Agreement on Trade in Goods (AFTA) to export to markets throughout Southeast Asia and beyond at low or even zero tariffs.
• Optimize global supply chain layout: Locating the production of core components such as batteries in Vietnam, close to raw materials (e.g., abundant mineral resources) and markets, can increase supply chain resilience and cope with uncertainty.
• Enjoying the "long standby" policy: Vietnam offers attractive policy packages to encourage high-tech and new energy investments, such as corporate income tax as low as 10%, long-term relief, and tax exemptions on equipment imports.

BYD's layout is just the tip of the iceberg. Chery, Changan, Geely, Great Wall and other Chinese headline automakers have all made heavy investments in Vietnam in the last two years.. This is no accidental follow-through, but rather a campaign centered around the "Costs, tariffs, markets, supply chains" of sophisticated strategic carding.

Secondly, Vietnam, what kind of enterprises are suitable for going overseas?

Looking at the investment map of Chinese companies, Vietnam has shown a clear quadrant of industrial attractiveness:

1. New energy vehicles and upstream and downstream industry chain (core opportunity)This is undoubtedly the hottest track at the moment. The Vietnamese government has made electric vehicles a national policy, with the goal of becoming a regional manufacturing center. Fit:

• Vehicle manufacturing and assembly: Taking advantage of relatively low local labor and land costs, as well as ASEAN-oriented exports.
• Core components (batteries, motors, electronic controls): Build up localized supply capacity to serve OEMs, like BYD.
• Charging facilities and after-sales service network: Huge demand for supporting industries and clear room for growth.

2. Electronics and high-technology manufacturing (upgrading traditional strengths)Vietnam is already a global electronics manufacturing center (important base for Samsung and Apple supply chain). Suitable:

• Consumer Electronics Assembly and Components: Continuing industry chain advantages.
• Semiconductor packaging and testing and related materials: Vietnam is making great efforts to attract investment in this field, with tax and R&D support.
• Smart home, IoT devices: Benefit from a young population and the digitalization process.

3. Labor-intensive processing manufacturing (stabilization of fundamentals)Textile and garment, footwear and furniture industries have deep roots in Vietnam. Suitable:

• Seeking cost-optimized transfer of mature capacityThe
• A "new" factory with automation upgradesto improve productivity in Vietnam.

4. Modern services embracing the digital economy (future growth)Vietnam has a high percentage of young population and a vibrant internet economy. Suitable:

• Cross-border e-commerce, digital payments, fintechThe
• Software Development, IT Outsourcing & Digital ServicesThe
• High-end tourism, hotel and recreation industryThe

Three,Why now? To see Vietnam's "cards".

In addition to the meatyYoung labor force, cost advantage, Vietnam's deeper appeal lies:

• Unprecedented openness of free trade networksAs a member of many high-level agreements such as CPTPP, RCEP, Vietnam-EU FTA, production in Vietnam enjoys the "origin" dividend and easy access to the huge international market.
• Continuous improvement of the business environment: The new versions of the Investment Law and the Corporate Income Tax Law continue to simplify the process, improve transparency and increase concessions.
• Strategically located: Located in the center of Southeast Asia, close to China and major shipping routes, with easy access to logistics.

If you are interested in investing in Vietnam and need to register a Vietnamese company, welcome to scan the code to add customer service (vx: qcygscszk, cell phone: 18676749275) We will provide you with customized solutions and full one-on-one service.

Four,Think Calmly: A Practical Guide to Landing on the Ground

BYD's layout shows the direction, but to really set foot on Vietnamese soil and transform from strategic conception to solid operation, each step requires precise navigation. For the vast majority of companies, successfully venturing to Vietnam requires the systematic completion of the following key steps:

Step 1: Pre-strategy and compliance planning (domestic)

• In-depth market and site research: Go beyond macro data and conduct on-the-ground assessments of supply chains, talent pools, and infrastructure in target regions.
• Investment Architecture Design: Planning the optimal shareholding and control structure, balancing tax efficiency, access to capital and future financing needs.
• Domestic ODI compliance filing: Complete the foreign exchange registration with the Development and Reform Commission, the commerce department and the banks to ensure that the funds leave the country legally.

Step 2: Establishment and setup of indigenous Vietnamese entities

• Company Registration: the core is access to Investment Registration Certificate (IRC) together with Enterprise Registration Certificate (ERC)The process involves complex procedures such as notarization and certification of materials, preparation of articles of association, and verification of registered capital.
• Business License Application: Additional applications are required if specific industries are involved (e.g. manufacturing, finance, etc.) Business Registration Certificate (BRC) or industry licenses.
• Drop-in kit: Completion of tax registration, engraving of official seals, opening of bank accounts, etc.

Step 3: Operational landing and localization rooting

• Human resources compliance: Recruitment of local employees and social security; application for work permits and long-term visas for Chinese personnel.
• Establishment of financial and tax system: Setting up Vietnam Accounting Standards compliant bookkeeping, tax reporting and tax optimization using legal policies.
• Legal and Intellectual Property Protection: Ensure that contracts, labor, and operations comply with local laws, and layout trademark and patent protection in advance.

Step 4: Long-term operations and risk management

• Continuous Compliance Monitoring: Track policy changes such as tax and labor laws and adjust operations in a timely manner.
• Cross-cultural integration: Effectively manage local teams, integrate into the business ecosystem, and build stable supply chain relationships.

If you are interested in investing in Vietnam and need to register a Vietnamese company, welcome to scan the code to add customer service (vx: qcygscszk, cell phone: 18676749275) We will provide you with customized solutions and full one-on-one service.

Five,Leave it to the professionals.

In the face of the above interlocking and specialized threshold processes, a company with aCross-border experiencetogether withLocalized implementation capacitypartners is crucial.Enterprise Caiying is a partner you can trust. We don't just provide information, we provideEnd-to-end solutions::

• One-Stop ServiceFrom domestic ODI filing to Vietnam company establishment, from tax compliance to human resources, we provide the whole process of packaged services, allowing you to focus on your core business. The following are some of the successful cases of ODI filing:

• Localized Professional TeamWe have branches in Southeast Asia with local experts who are fluent in Chinese and Vietnamese bilingualism and regulations, ensuring zero communication barriers and grounded implementation. Enterprise Finance Group, Like 8
• Real-world expert escortThe core team has a large number of successful cases of going abroad, can predict the risks in advance, and accurately solve all kinds of problems from qualification application to tax planning.

BYDs choose the track, and successful companies choose the right partners. In Vietnam, a market full of opportunities but not without challenges, let the power of expertise clear the way for you.Feel free to contact me for your exclusive Vietnam Offshore Initial Assessment and Roadmap.