Late industrializing countries can only achieve industrialization - a necessary development path to create an advanced economy - by upgrading manufacturing competitiveness. This process is particularly important in a rapidly globalizing world, which generates greater opportunities and challenges. Vietnam is a late industrializing economy but, despite rapid growth, the scale of Vietnamese manufacturing is still small, and productivity is relatively low. The objectives of this thesis therefore are: • to measure manufacturing competitiveness in Vietnam and to analyse its determinants; • to extend that analysis in a comparison with the ASEAN-4; and • to assess the effect of various policy measures on Vietnam's manufacturing competitiveness. To pursue these objectives, both comparative and regression analyses are undertaken based on a large dataset.