Vietnam’s smartphone exports reach more than $51 billion in 2020

Vietnam, a major assembler of smartphones for global brands, has reached an export value of phones and components of $51.18 billion last year, according to the General Statistics Office of Vietnam.

Export value fell by just 0.4 per cent in 2020 despite the Covid-19 crisis, the statistics office noted.

Notably, the share of smartphones in the nation’s total exports last year declined to 18 per cent in 2020 from 30 per cent in the previous year, indicating that Vietnam’s exports are becoming more diversified. However, smartphones continue to be Vietnam’s most important export at the moment.

The phones were exported to over 50 countries and territories, with China being the largest target market, accounting for almost a quarter.

This is followed by the European Union with a 19 per cent share, trailed by other countries such as the US, South Korea and the United Arab Emirates.

Heavy foreign investment boosts electronics manufacturing in Vietnam

Samsung Electronics accounted for almost all of Vietnam’s smartphone shipments and exports. The South Korean tech giant has invested heavily in the country and operates two manufacturing facilities in the north, the company’s largest. About 60 per cent of all Samsung smartphones are produced in Vietnam.

Overall, Vietnam’s electronics exports have been booming due to consistent foreign investment in the sector, HSBC said in a recent report. Electronics exports last year were stood at a record $96 billion, or a third of the country’s total exports.

Other electronics producers having set up operations in Vietnam besides Samsung are Intel which runs a chip assembly and testing facility there, as well as Apple, which produces Airpods since May 2020 and is likely to start producing iPads as early as mid-2021, and Foxconn, a key supplier for Apple which has already invested $1.5 billion in the country and is currently setting up a new 270-million plant in Vietnam.



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Vietnam, a major assembler of smartphones for global brands, has reached an export value of phones and components of $51.18 billion last year, according to the General Statistics Office of Vietnam. Export value fell by just 0.4 per cent in 2020 despite the Covid-19 crisis, the statistics office noted. Notably, the share of smartphones in the nation’s total exports last year declined to 18 per cent in 2020 from 30 per cent in the previous year, indicating that Vietnam’s exports are becoming more diversified. However, smartphones continue to be Vietnam’s most important export at the moment. The phones were exported...

Vietnam, a major assembler of smartphones for global brands, has reached an export value of phones and components of $51.18 billion last year, according to the General Statistics Office of Vietnam.

Export value fell by just 0.4 per cent in 2020 despite the Covid-19 crisis, the statistics office noted.

Notably, the share of smartphones in the nation’s total exports last year declined to 18 per cent in 2020 from 30 per cent in the previous year, indicating that Vietnam’s exports are becoming more diversified. However, smartphones continue to be Vietnam’s most important export at the moment.

The phones were exported to over 50 countries and territories, with China being the largest target market, accounting for almost a quarter.

This is followed by the European Union with a 19 per cent share, trailed by other countries such as the US, South Korea and the United Arab Emirates.

Heavy foreign investment boosts electronics manufacturing in Vietnam

Samsung Electronics accounted for almost all of Vietnam’s smartphone shipments and exports. The South Korean tech giant has invested heavily in the country and operates two manufacturing facilities in the north, the company’s largest. About 60 per cent of all Samsung smartphones are produced in Vietnam.

Overall, Vietnam’s electronics exports have been booming due to consistent foreign investment in the sector, HSBC said in a recent report. Electronics exports last year were stood at a record $96 billion, or a third of the country’s total exports.

Other electronics producers having set up operations in Vietnam besides Samsung are Intel which runs a chip assembly and testing facility there, as well as Apple, which produces Airpods since May 2020 and is likely to start producing iPads as early as mid-2021, and Foxconn, a key supplier for Apple which has already invested $1.5 billion in the country and is currently setting up a new 270-million plant in Vietnam.



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Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

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