The primary objective behind diversifying the supply chain is to mitigate risks associated with US-China trade tensions while capitalising on the opportunities presented by emerging manufacturing hubs in Vietnam and other Southeast Asian countries. Vietnam continues to establish itself as an attractive destination for global factories and high-tech manufacturers looking to relocate their operations. Recent developments, such as the granting of investment certificates by Quang Ninh People's Committee, exemplify this trend. Two Foxconn projects with a combined investment value exceeding $246 million have been approved in the Song Khoai Industrial Zone and the Quang Yen Economic Zone. These initiatives highlight Vietnam's growing appeal as a strategic choice for companies seeking to leverage its favourable business environment and skilled workforce.