New product development is considered a method of creating a competitive advantage in all manufacturing enterprises in the world. Outstanding quality and innovative new products would help businesses to add value to customers, increase customer satisfaction, expand market share and market, towards sustainable business development. This article presents the results of an empirical study analyzing the impact of market knowledge (including knowledge about customers, knowledge of suppliers, knowledge of competitors) on the new product development, performance of manufacturing enterprises. Based data obtained from 118 manufacturing enterprises in 5 Asian countries including Japan, China, Korea, Taiwan and Vietnam, the results of this study not only show a strong correlation between the collection and exploitation of market knowledge and new product development performance in each country but also show the positive effect of supplier knowledge and competitor knowledge on the results of high product quality, reduction of production costs, shorten design time of manufacturing enterprises in Vietnam