Vietnam's manufacturing industry is mainly imported raw materials and key components, and mainly undertakes relatively low-end basic parts manufacturing and complete machine assembly business.
From the perspective of industrial structure, Vietnam is dominated by the service industry, followed by industrial manufacturing. Among them, the electronics manufacturing industry accounts for 18% of the overall industrial output value, mainly producing mobile phones, followed by computers, servers, networking equipment, and other consumer electronic products. In 2022, Vietnam's electronics industry exported 1403US$400 million, an increase of about 6% over 2021, accounting for more than 30% of the country's total exports. Vietnam joined the WTO in 2007 and gradually attracted Japanese and South Korean electronics-related industries to enter the industrial chain and formed the foundation of the industrial chain. Samsung, Canon and others were the first representative companies to enter Vietnam. In 2013, Samsung began to produce mobile phones in Vietnam, and electronic products began to gradually replace textile products as the bulk of Vietnam's exports.
In 2013, Samsung started to produce mobile phones in Vietnam, which is also the largest production base for Samsung mobile phones! Mainly found in Vietnam (Bac Ninh, Thai Nguyen provinces).
In 2020, Apple began mass production of AirPods in Vietnam, accounting for about 30% of AirPods production capacity. In 2022, Luxshare Precision and Hon Hai began trial production of Apple Watch in northern Vietnam; In 2022, BYD Electronics has started OEM iPad in Vietnam.
At present, Vietnam is becoming a global manufacturing base for electronic mobile phones, accounting for 20% of global manufacturing shipments. Foxconn, Luxshare Precision, Longcheer Technology, Tsit Wing Technology, Guanghong Technology, Lens Technology, Goertek, USI, Changying Precision and many other consumer electronics manufacturers are important footholds to go overseas.