Vietnam's electronics industry

Update news Vietnam's electronics industry

VN electronics enterprises have low, small position in export supply chain

In the first five months of 2024, the contribution of Vietnam's electronic businesses to export turnover reached 31.61 per cent, equivalent to US$49 billion.

Enterprises are missing out on opportunities by refusing small orders

Many small orders, suited to Vietnamese enterprises’ capability, are being turned down by local companies. Electronics manufacturers are "dreaming too big", thus missing out on opportunities.

Mobile phones, electronic products rake in over US$100 bln in export turnover

Mobile phones and components, computers, electronic products and spare parts have become the two largest foreign currency earners, bringing in more than US$50 billion each as of mid-December, according to the General Department of Vietnam Customs.

Electronics manufacturing makes up nearly 18% of Vietnam’s industry

The electronics sector accounts for 17.8% of Vietnam’s industry, placing the nation among the world’s top 15 largest exporters of this kind of product.

VN electronics producers slip through the cracks

Local electronics producers stayed on the sidelines when global heavyweights moved their facilities to Vietnam and outsourced their production.

Breakthrough policies needed to develop Vietnam's electronics industry

The electronics industry has seen good progress in recent years, accounting for about 18% of the total industrial production value and more than 30% of the total export revenue of the country.

Strong FDI flow into Vietnam's electronics industry to boost exports

The increased inflow of investment from foreign investors into Vietnam’s electronics industry is expected to create a positive outlook for the country’s exports of computers, electronic products, and components in the time to come.