Vietnam becomes second largest smartphone exporter to US: Canalys
Vietnam's share of smartphone exports to the US in Q2 rose to 30%.
Smartphones and Components Earn Vietnam USD 18.4 Billion In The 1st Four Months of 2024
In the dynamic landscape of global trade, Vietnam has emerged as a leading smartphone exporter.
73% of mobile phone subscribers own smartphones
The number of mobile phone subscriptions in Vietnam as of the third quarter of 2021 stood at 123 million, up 0.88 per cent over the same period last year. Of these, the number of smartphone subscribers was 90.3 million, or 73.4 per cent of the total, up 9.03 per cent year-on-year.
Prices of smartphones cut to spark demand
Many smartphone manufacturers and retailers have faced difficulties from social distancing and quarantining, and have sharply reduced prices to stimulate demand. Four of the top five brands imported into Vietnam saw falling growth during the second quarter of this year compared to previously.
Vietnam in top 10 biggest smartphone markets
Vietnam is the 10th-largest smartphone market in the world, with more than 61 million users, higher than Asian countries such as the Philippines (41 million), South Korea (39 million), and Thailand (38 million), according to figures from Statista and NewZoo.