Vietnam is the world's "base" for mobile phone manufacturing
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- Business
- 19:45 26/05/2022
Before 2016, Vietnam was not on the global map of mobile phone makers and exporters. However, things have altered dramatically since then.
According to a Ministry of Industry and Trade estimate, Vietnam will create 233.7 million mobile phones in 2021, up 7.6 per cent from 2020, and the manufacturing value of phone components will reach VND 580,800 billion, up 29.5 per cent from 2020.
As a result, compared to worldwide sales of 1.25 billion mobile phones in 2020, phone manufacturing in Vietnam accounts for roughly 20% of the global supply.
In addition, the country's export turnover of phones and components reached 57.5 billion USD, up 12.4 per cent from 2020 and accounting for more than 17.1 per cent of the overall export turnover of products in 2021.
Foreign-invested firms nearly totally produce and export "Made in Vietnam" phones. Vietnam is now Samsung's biggest phone producer, making 60% of the company's phones sold all over the world.
In terms of sales, mobile phones, and electrical and electronic goods in general, have always been among Vietnam's most popular exports.
This has not been altered when the supply of chips is more or less compromised, even in the setting of the recent strong COVID-19 pandemic.
During the 2016-2020 era, Vietnam's electronics and components sector grew rapidly due to foreign investment projects, and prominent businesses like Samsung, LG, and Intel invested in manufacturing facilities. high-tech electrical goods on a huge scale in Vietnam.
After becoming a "power" in mobile phone production, Vietnam has also become a "power" in mobile phone exports, from the number of devices to the turnover.
There was no mention of Vietnam among the top six nations and territories manufacturing mobile phones in the world in 2016. China was #1 at the time, followed by Japan, Korea, India, Taiwan (China), and Canada.
However, the situation has shifted dramatically, particularly as Vietnam attracts an increasing number of high-tech industrial FDI investors to build production units, upsetting prior rankings. Vietnam has risen from sixth to fifth place, having previously been ranked sixth.
Source: Industry and Trade Ministry
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