Electronic components is a supporting industry for the electronics industry, providing intermediate inputs including semiconductors and electronic application components for assembly and manufacture of final products. Since the mid-70s, the electronic components industry has begun to be formed and developed with the Vietnam’s electronics industry. In the period 1990-2010, the electronic components industry in particular has undergone strong transformation and development. The compound annual growth rate of the electronics industry is generally between 20-30%. In particular, the group of components grew strongly in the period 1995-2000, reaching an average of 30-45% per year. Since 2010, Vietnam began to participate more deeply in the global value chain of the electronics industry, playing an important role as an electronic component assembly hub. Besides, the legal environment and policies to promote the development of the electronic supporting industry, especially in the field of electronic components, have been increasingly improved.
Currently, Vietnam's integration into the global value chain is very weak. Domestic electronic components manufacturers mainly work in assembling, processing and supplying basic electronic components with low added value. Vietnam's electronics market depends heavily on the supply of sophisticated and complex electronic components imported from abroad. The reason comes from the limitations in terms of machinery and technology as well investment capital for R&D activities, although the government has issued policies to support the development of electronic components production. The issued policies are not really close to the current situation of enterprises, nor have received great attention from domestic companies.
Over the past years, the production and consumption of electronic components have increased. Import-export value of main electronic products and components always accounts for the largest proportion in the structure of import and export turnover. Electronic products, computers, phones and components are the most exported and imported product groups in Vietnam.
In general, the electronic components industry has contributed to promoting economic growth through attracting FDI, creating jobs and income for a large number of low-skilled workers, and promoting exports, technology transfer, productivity and value-added enhancement in the electronics industry. However, electronic components are considered as an industry that is in a state of underdevelopment and faces many challenges when heavily dependent on the foreign-invested sector.
CONTENTS
List of charts
List of tables
List of acronyms
1. Macro-economic situation
1.1. Economic growth
1.2. Trade and prices
1.3. Investment capital and State budget revenue and expenditure
1.4. Imports and Exports
1.5. Establishment and dissolution of enterprises
2. Overview of Vietnam’s electronic components industry
2.1. History of establishment and development
2.2. Enterprise and labor structure in the industry
2.3. Integration of Vietnam in electronics 3C global value chain
2.4. Major electronic areas in Vietnam
2.5. Business environment
3. Development situation of Vietnam’s electronic components industry
3.1. Production of electronic components
3.2. Consumption of electronic components
3.3. Imports of electronic components
3.4. Exports of electronic components
3.5. Electronic components industry average financial ratios 2019
4. Opportunities, challenges and industry development prospects
5. Outstanding companies in electronic components industry in 2019
LIST OF CHARTS
Figure 1.1.1: Vietnam GDP Growth Rate 2011-2020
Figure 1.2.1: Total retail sales of consumer goods and services at current prices 2015-2019
Figure 1.2.2: GDP Growth, CPI and Inflation (Last year = 100)
Figure 1.2.3: Producer price index by sector compared to previous quarter
Figure 1.2.4: Commodity terms of trade growth rate 2015-2019 (%)
Figure 1.3.1: Growth rate and structure of social investment capital in 9 months of 2016-2020 period at current prices
Figure 1.4.1: Import-export turnover and trade balance of goods 2011-2019 (US $ billion)
Figure 1.5.1: Enterprise establishment in 9M/2020 (compared to 9M/2019)
Figure 2.2.1: Enterprise and labor structure in Vietnam’s electronic components industry
Figure 2.3.1: Integration of Vietnam in electronic 3C global value chain
Figure 2.4.1: Major electronic areas in Vietnam
Figure 3.1.1: Growth of Index of Industrial Production compared to the previous year, 2015-2020 (%)
Figure 3.2.1: Consumption index of computers, electronic and optical products compared to the previous year (%)
Figure 3.3.1: Vietnam’s export value of electronic products and components, 2015-2019
Figure 3.3.2: Growth of Vietnam’s electronic products and components export value compared to the previous year, 2015-2019
Figure 3.3.3: Export value of electronic products and components in 9M/2020
Figure 3.3.4: Growth of export value of electronic products and components compared to previous month in 9M/2020
Figure 3.3.5: Vietnam’s export structure of electronic products and components
Figure 3.3.6: Vietnam’s major export countries by groups of products in 2019
Figure 3.4.1: Vietnam’s import value of electronic products and components, 2015-2019
Figure 3.4.2: Growth of import value of electronic products and components compared to previous year, 2015-2019
Figure 3.4.3: Import value of electronic products and components in 9M/2020
Figure 3.4.4: Growth of import value of electronic products and components in 9M/2020
Figure 3.4.5: Vietnam’s import structure of electronic products and components
Figure 3.4.6: Vietnam’s major import countries by groups of products in 2019
LIST OF TABLES
Table 1.1.1. GDP growth by sector Q2/2020 at current prices
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C - Manufacturing
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10 - Manufacture of food products
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101 - Processing and preserving of meat and meat products
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102 - Processing and preserving of fisheries and fishery products
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103 - Processing and preserving of fruit and vegetables
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104 - Manufacture of vegetable and animal oils and fats
-
105 - Manufacture of dairy products
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106 - Milling and manufacture of flour
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107 - Manufacture of other food products
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108 - Manufacture of feeds for cattle, poultry and aquatic animals
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11 - Manufacture of beverages
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110 - Manufacture of beverages
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12 - Manufacture of tobacco products
-
120 - Manufacture of tobacco products
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13 - Manufacture of textiles
-
131 - Spinning, weaving and finishing of textiles
-
139 - Manufacture of other textiles (132)
-
14 - Manufacture of wearing apparel
-
141 - Manufacture of wearing apparel, except fur apparel
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142 - Manufacture of articles of fur
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143 - Manufacture of knitted and crocheted apparel
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15 - Manufacture of leather and related products
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151 - Tanning and dressing of leather; manufacture of luggage, handbags, saddlery
-
152 - Manufacture of footwear
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16 - Manufacture of wood and of products of wood and cork,except furniture; manufacture of articles of straw and plaiting materials
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161 - Sawmilling, planing and preserving of wood
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162 - Manufacture of wood and of products of wood and cork, except furniture; manufacture of products of straw and plaiting materials
-
17 - Manufacture of paper and paper products
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170 - Manufacture of paper and paper products
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18 - Printing and reproduction of recorded media
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181 - Printing and service activities related to printing
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182 - Reproduction of recorded media
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19 - Manufacture of coke and refined petroleum products
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191 - Manufacture of coke
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192 - Manufacture of refined petroleum product
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20 - Manufacture of chemicals and chemical products
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201 - Manufacture of basic chemicals, fertilizers and nitrogen compounds, plastics and synthetic rubber in primary forms
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202 - Manufacture of other chemical products
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203 - Manufacture of man-made fibres
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21 - Manufacture of pharmaceuticals, medicinal chemical and botanical products
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210 - Manufacture of pharmaceuticals, medicinal chemical and botanical products
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22 - Manufacture of rubber and plastics products
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221 - Manufacture of rubber products
-
222 - Manufacture of plastics products
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23 - Manufacture of other non-metallic mineral products
-
231 - Manufacture of glass and glass products
-
239 - Manufacture of non-metallic mineral products n.e.c
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24 - Manufacture of basic metals
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241 - Manufacture of iron, steel and cast iron
-
242 - Manufacture of precious and non-ferrous metals
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243 - Casting of metals
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25 - Manufacture of fabricated metal products, except machinery and equipment
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251 - Manufacture of structural metal products, tanks, reservoirs and steam generators
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252 - Manufacture of weapons and ammunition
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259 - Manufacture of other fabricated metal products; metalworking service activities
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26 - Manufacture of computer, electronic and optical products
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261 - Manufacture of electronic components and boards
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262 - Manufacture of computers and peripheral equipment
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263 - Manufacture of communication equipment
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264 - Manufacture of consumer electronics
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265 - Manufacture of measuring, testing, navigating and control equipment; watches and clocks
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266 - Manufacture of irradiation, electromedical and electrotherapeutic equipment
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267 - Manufacture of optical instruments and photographic equipment
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268 - Manufacture of magnetic and optical video tapes and discs
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27 - Manufacture of electrical equipment
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271 - Manufacture of electric motors, generators, transformers and electricity distribution and control apparatus
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272 - Manufacture of batteries and accumulators
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273 - Manufacture of wiring and wiring devices
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274 - Manufacture of electric lighting equipment
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275 - Manufacture of domestic appliances
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279 - Manufacture of other electrical equipment
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28 - Manufacture of machinery and equipment n.e.c
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281 - Manufacture of general-purpose machinery
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282 - Manufacture of special-purpose machinery
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29 - Manufacture of motor vehicles; trailers and semi- trailers
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291 - Manufacture of motor vehicles and other motor vehicles
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292 - Manufacture of bodies (coachwork) for motor vehicles and other motor vehicles; manufacture of trailers and semi-trailers
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293 - Manufacture of parts and accessories for motor vehicles and other motor vehicles
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30 - Manufacture of other transport equipment
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301 - Building of ships and boats
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302 - Manufacture of railway or tramway locomotives and rolling stock
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303 - Manufacture of air and spacecraft and related machinery
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304 - Manufacture of military fighting vehicles
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309 - Manufacture of transport equipment n.e.c.
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31 - Manufacture of furniture
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310 - Manufacture of furniture
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32 - Other manufacturing
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321 - Manufacture of jewelry, bijouterie and related articles
-
322 - Manufacture of musical instruments
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323 - Manufacture of sporting equipment
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324 - Manufacture of games and toys
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325 - Manufacture of medical and dental, and orthopedic and rehabilitation instruments and supplies
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329 - Other manufacturing n.e.c.
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33 - Repair and installation of machinery and equipment
-
331 - Repair and maintenance of fabricated metal products, machinery and equipment
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332 - Installation of industrial machinery and equipment
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13 - Manufacture of twine and net
-
131 - Spinning, weaving and finishing of textiles
-
139 - Manufacture of other textiles (132)
