Vietnam manufactures 54.4 million mobile phones in Q1
More than 54 million mobile phones were produced in Vietnam in the first three months of 2021. The phone and
Vietnam’s export revenue from computers, electronic products, and components had reached US$23 billion as of June 15, making it the highest-earning export category for the country.
For the first five and a half months of this year, computers, electronic products, and components surpassed cellphones and their components in export value by nearly US$1 billion. Cellphone exports decreased by US$5.11 billion, or 18.9%, while exports of computers, electronic products, and components declined by US$1.74 billion, or 7%.
In 2022, exports of computers, electronic products, and components generated revenue of US$55.53 billion, representing a 9.3% increase compared to 2021. This category accounted for 14.96% of the country’s total export revenue.
Among these exports, computer components accounted for the majority, earning US$36.11 billion, followed by electronic products with a total of US$19.42 billion.
The main export products in this category include microprocessors, diode-semiconductors, integrated circuits, screens, computer memories, laptops, tablets, printers, photocopy machines, and components.
Foreign direct investment enterprises accounted for 98.3% of the total export revenue in this commodity group, amounting to over US$54.6 billion.
The major export markets for computers, electronic products, and components are the U.S., China, the EU, Hong Kong, ASEAN, and South Korea. Exports to these markets reached US$46.82 billion, accounting for more than 84% of the total export revenue in this commodity group.
In recent years, many leading electronic businesses such as Samsung, LG, Foxconn, Fukang Technology, and LG have invested in building high-tech electronic product manufacturing facilities in Vietnam.
Source: Saigon Times