Vietnam’s total export value of electronic products in 2024 is estimated to reach $132.341 billion, reflecting a remarkable 16.8% increase compared to the previous year, according to a report from the Ministry of Information and Communications.

This resurgence of the sector is largely attributed to the presence of major foreign corporations.

Manufacturing plants from prominent global players, including South Korea, the United States, and others, have been instrumental in maintaining Vietnam’s technology export turnover above $100 billion annually since 2020.

Data from the General Department of Customs reveals that from January 1, 2024, to December 15, 2024, the export value of phones and components reached $51.6 billion, accounting for approximately 13.3% of the total export turnover. This significant contribution comes from the phone manufacturing plants of Samsung, Foxconn, and DBG Technology (a key manufacturer for Xiaomi).

Additionally, exports of computers, electronic products, and components achieved $68.54 billion, representing the highest proportion of 17.7% of total export turnover. Notably, the combined export value of computers, phones, and electronic components accounted for nearly 40% of Vietnam's total export turnover in 2024, by December 15, surpassing all other sectors.

Looking ahead to 2025, the Ministry of Information and Communications aims to achieve an export turnover of hardware and electronics reaching $148.5 billion, an estimated increase of 12.3% compared to 2024. With the current development momentum, this goal is deemed entirely attainable.