Vietnam has surpassed India to become the world's second largest mobile phone exporter, behind only China.
A report from the General Statistics Office shows that in the first 5 months of 2024, Vietnam's exports of 4 main commodity groups all exceeded 10 billion USD. Of which, the export value of computers, electronic products and components reached 27.01 billion USD, up 31.6% over the same period last year.
Exports of mobile phones and components reached 22.4 billion USD, an increase of more than 11% over the same period last year. As a result, Vietnam has surpassed India to become the world's second largest exporter of mobile phones after China and the 5th largest exporter of computers.
Vietnam is becoming an important production base for the global electronics manufacturing industry. Taking Apple as an example, since 2019, the company has begun assembling and producing AirPods in Vietnam. Then, in 2020, sources said Apple asked the main assembly plant Foxconn to move part of its iPad and MacBook assembly operations to Vietnam.
In 2021, Foxconn established a new production facility in Vietnam. In addition, Luxshare Precision and Goertek have also located factories in Vietnam.
Meanwhile, Apple is also strongly expanding its business in India and is increasing the proportion of iPhones produced in India.