Vietnam is the world's "base" for mobile phone manufacturing
- 208
- 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
Related news
- VCBC Chairman Steve Bui: Incentives have run their course — Vietnam enters an institutional race to attract the next generation of FDI
- Vietnamese Journalism in the Age of AI: How can reporters survive in the profession?
- Dr. Samuel Feldberg warns of risks that could reshape the global economic order and shares strategic advice for Vietnamese businesses
- VINASME organizes training program on risk control for sustainable business development amid uncertainty
- Vietnam’s International Financial Center looks beyond tax incentives to compete
- Expert Lại Thiên Phong: Localizing digital transformation – a new growth driver for Vietnam
- Are Vietnamese firms overlooking their most valuable “gold mine”?
- Iran Conflict and the “Double Shock” to the Global and Vietnamese Economies
- After 8 years and trillions sent abroad, are uST investors caught in a risky no-exit situation?
- When Cryptocurrency leaves the "Grey Zone": How are Vietnamese investors seeking profits?
- When the tech unicorn dream is undermined by reckless fundraising structures
- From New Year messages of World Leaders to the “new rules” of the Global economy in 2026
- Connecting Leaders, Shaping the Future: Strategic Leadership Planning Meeting – CorporateConnections Hanoi A
- Sunlight - Unilever Vietnam Recognized for Outstanding Contributions to the National Initiative Supporting Women Entrepreneurs
- Deputy Prime Minister Nguyễn Chí Dũng: “The country’s major challenges weigh heavily on my mind — and we must resolve them together.
- Unitsky String Technologies signs cooperation agreements with three Vietnamese partners, opening a new direction for smart mobility and sustainable development
- When artists do business – livelihood is no poetry!
- Before the D‑day to abolish flat‑rate tax: Fear of technology and costs leave small traders struggling to adapt
- Vietnamese enterprises at a crossroads: the impact of a potential US–China deal
- "Digital technicians" must not be forgotten if Vietnam aims to meet its strategic goals
Đọc thêm Business
VCBC Chairman Steve Bui: Incentives have run their course — Vietnam enters an institutional race to attract the next generation of FDI
VCBC Chairman Steve Bui analyzes Vietnam's next-generation FDI strategy, stressing that the country must now compete on institutional quality, innovation, and stronger linkages between foreign and domestic enterprises.
Vietnamese Journalism in the Age of AI: How can reporters survive in the profession?
Few professions have faced a transformation as profound as journalism is experiencing today.
Businesses under pressure: Capital and talent shortages threaten competitiveness
The Vietnam Institute of Economics and World Affairs (VIEWA) recently held a working session with the Vietnam Association of Small and Medium Enterprises (VINASME) as part of a policy research and business support initiative.
Dr. Samuel Feldberg warns of risks that could reshape the global economic order and shares strategic advice for Vietnamese businesses
Geopolitical tensions, technological transformation, trade fragmentation, and financial uncertainty are reshaping the global economy at an unprecedented pace.
VINASME organizes training program on risk control for sustainable business development amid uncertainty
In the context of a rapidly changing economy, increasing competition, and accelerating digital transformation, risk management capability has become a critical factor determining the resilience and sustainable growth of businesses, particularly SMEs.
Vietnam’s International Financial Center looks beyond tax incentives to compete
What makes a city an international financial center? Is it skyscrapers, massive capital flows, or generous tax incentives?
CEO Nguyễn Tất Tùng: only by anchoring in culture and preserving national identity can Vietnamese entrepreneurs reach the world
In a setting imbued with the rich cultural essence of Kinh Bắc, the 15th anniversary celebration of Dragon Travel was far more than a typical corporate event.
Expert Lại Thiên Phong: Localizing digital transformation – a new growth driver for Vietnam
On the morning of April 21, at the Ministry of Science and Technology, the Agency for Technology Entrepreneurship and Commercialization Development announced the 2026 innovation agenda aligned with the National Strategy for Startup and Innovation.
Building and accumulating intangible assets: a sustainable competitive advantage
In an intellectually vibrant afternoon of the business community, a seemingly old question was raised again in a way that made the entire audience rethink from the beginning.
From cost optimization to “survival optimization”: Vietnamese firms confront supply chain volatility
A fresh surge in domestic fuel prices is not only squeezing household budgets but also triggering a quiet yet profound wave of concern across Vietnam’s business community.