Consumer electronics and Vietnam’s development storySince the country’s economic reform in 1980, Vietnam has successfully oriented itself to be a manufacturing-based, export-oriented economy in recent years. Consumer electronics played an important role in Vietnam’s economic development. Around a third of the total exports in Vietnam came from consumer electronics, with the main export categories being phones and phone parts as well as computers and related accessories.
Thanks to its strategic location, stable politics, and low-cost labor, Vietnam has seen a gradual increase in manufacturing outsource partners or in-house production facilities of some of the biggest names in consumer electronics and technologies, including Samsung and Apple. According to a recent estimation, over 50 percent of Samsung’s mobile phones came from its factories in Vietnam, which employed more than 110,000 workers as of 2021 . Meanwhile, Apple decided to move its AirPods production partially from China to Vietnam in the middle of 2020, in the wake of the US-China trade war. Furthermore, Samsung plans to integrate its Vietnamese facilities even more extensively in its global supply chain with a new research and development center opening in 2022, while Apple’s supplier, Foxconn, is currently building its subsidiary in the country.