In recent years，Vietnam’s economy has rapidly integrated into the global industrial & supply chain system，and Vietnam has become one of the countries with the fastest growth in global economy and import and export trade. Vietnam’s industrial chain supply chain has the following characteristics：from the perspective of world geography，Vietnam is an important part of the global production division system；From the perspective of national economic and trade relations，the United States，China，Japan and South Korea are Vietnam’s most important trade partners；From the perspective of the global layout of transnational corporations，Vietnam is an important node country in the global industrial chain supply chain；From the perspective of product spatial distribution，intermediate products and industrial manufactured products are the main types of products Vietnam participates in the global division of labor system；In terms of competitive advantages，labor-intensive products and electronic and electrical products are the most advantageous products for Vietnam to participate in global industrial competition；From the perspective of development trend，Vietnam’s position in the global industrial chain supply chain value chain has gradually improved. In recent years，the economic and trade ties between China and Vietnam have been continuously strengthened，and the industrial chain supply chain complementarities have been constantly enhanced. At present，there are four types of industrial chain supply chains that are being transferred from China to Vietnam，including cost driven low-end labor-intensive processing links，tax sensitive low-end assembly links in electronic manufacturing，market expanding technology manufacturing industry chains，and FTA driven industry and supporting industry chains. Considering that the industries of China and Vietnam are mainly vertical division of labor，and Vietnam’s upstream supply of manufacturing industry continues to rely on China to a large extent，China and Vietnam are not competitive in the industrial chain supply chain，but complementary. With the optimization of the internal and external policy environment of Vietnam’s industrial chain supply chain，the industrial chain supply chain of China and Vietnam will be closer，and the stability and resilience of the industrial chain supply chain of both countries will be further enhanced in the future.