Last year, Vietnam earned 126.5 billion USD from electronics exports, up 17 billion USD from 2023. Over the past eight months, computers, electronic products, and components emerged as Vietnam’s largest export category, bringing in 70 billion USD, the highest share of export revenue nationwide.
This achievement is attributed to the government’s strategic direction and the dynamism of the enterprises themselves. The Vietnam Post and Telecommunications Technology Company (VNPT Technology) has made it its mission to drive R&D, master production, and manage its own systems. It has 7 Surface Mount Technology lines at Hoa Lac Hi-Tech Park and plans to install 10 more.
VNPT Technology manufactures for export to markets in the US, Latin America, and South Korea, according to Tran Duc Hoa, Deputy Director of VNPT Technology’s Business Center. “VNPT Technology has continually improved quality, optimized efficiency, and, in particular, applied digital transformation solutions such as AI and IoT to production,” said Hoa, adding, “We’ve invested in automated robots for casing, screw fastening, laser engraving, product inspection, and feature testing. We’ll continue investing in automation to strengthen digital transformation and reduce dependency.”
Investment in Vietnam’s electronics manufacturing sector is rising sharply. Foxconn has a 500-million-USD project scheduled to begin production in May 2027, and Taiwan’s Pegatron is preparing to build its third factory in Hai Phong between 2025 and 2026, with an investment of 500 million USD. These projects consolidate Vietnam’s position as a technology export hub within global supply chains and as a driver of export growth.
Do Thi Thuy Huong of the Vietnam Electronic Industries Association said, “Many high-quality FDI electronics companies at the top of global supply chains have entered Vietnam, creating opportunities for local enterprises to become suppliers for these major players.” Huong took Samsung as an example. Samsung has launched training programs to support domestic companies, helping them integrate into its supply chain. This is a very encouraging signal.
Yet electronics sector still has a long way to go to transform Vietnam from an assembly hub to a country with a comprehensive production capacity. Tran Quy Hien, CEO of EcomStone, underscored the need to have a master plan. “Tax policies and legal frameworks must incentivize enterprises to go further in this field. Investment should focus on key high-tech zones in tandem with cooperation between universities and research institutes to train skilled engineers and workers. Localities with strengths in production and exports should be encouraged to participate,” said Hien.
Analysts say the current context offers Vietnam a unique opportunity to restructure supply chains, accelerate digital transformation, and expand markets through free trade agreements (FTAs) and cross-border e-commerce.
Ms. Huong asked businesses to diversify their export markets and take advantage of the 17 new-generation FTAs that Vietnam has signed with 70 economies. “This is a major advantage. Another is Vietnam’s access to niche markets such as Northern Europe, South America, the Middle East, and Africa. In addition, businesses should look at new, high-potential markets like India—the world’s most populous country—while developing long-term strategies to study these markets and build their brands,” Ms Huong noted.
Located in one of the world’s most dynamic and fast-growing industrial regions, Vietnam enjoys further advantages with its domestic market of over 100 million people, direct access to ASEAN’s 600 million-strong consumer base, and extensive international reach through FTAs. These conditions create a favorable foundation for Vietnam to accelerate electronics exports and move decisively from a manufacturing hub to a regional center of high-tech innovation.