Electronics
WORLD’S EMERGING ELECTRONICS GIANT
The electronics industry in Vietnam is growing strongly, becoming one of the key manufacturing hubs in Asia.
In 2024, Vietnam was the 5th largest exporter of electronic equipment, computers, and components in the world – the biggest exporter in Southeast Asia. The export turnover of the electronics industry exceeded $126 billion, accounting for over one-third of the total national export turnover (Vietnam Electronic Industries Association). Moreover, Vietnam also ranked 2nd in the top phone and parts exporting countries in the world (Vietnam Investment Review).
DEEP C Industrial Zones in Hai Phong and Quang Ninh is now home to large FDI investments in the electronics industries, such as Pegatron, and Foxconn, Universal Scientific Industrial (USI).
Market Overview
The United States, Europe, China, and the Republic of Korea make up the main export markets of the Vietnamese electronics industry. The Vietnamese mobile phone market has become a bright spot with rapid developments as Apple’s three major partners in the country continuously expanded their investment in electronics production activities (VCCI).
Moreover, Vietnam’s ability to participate in the global electronics supply chain is growing, demonstrated by the increasing proportion of Vietnam’s export of intermediate and final goods in world electronics exports, attracting large FDIs into the electronics industry.
Despite achieving encouraging results, the current localization rate of the electronics industry is about 5-10%. Electronic products on the Vietnamese market are mostly imported complete units or assembled domestically using mostly imported components (Ministry of Industry & Trade).
Manufacturing Hubs
Within Vietnam, electronics manufacturing is heavily concentrated in the Northern region, with Hai Phong and Quang Ninh growing into major high-tech production centers due to their excellent logistics infrastructure and proximity to China.
Key companies include:
- LG: invested in an integrated manufacturing complex in Hai Phong producing smartphones, consumer electronics, display technologies, electronics components.
- Pegatron: The supplier to Apple, Microsoft, and Sony, chose Hai Phong for its large-scale manufacturing base in 2020.
- Universal Scientific Industrial (USI): The subsidiary of Taiwan-based ASE Technology established its first Southeast Asian production base in Hai Phong to manufacture intelligent wearable devices for global brands.
- Foxconn: With total investments nearing USD 1 billion in Quang Ninh, Foxconn is turning the province into a major hub for its operations in Northern Vietnam.
Invest in DEEP C
Explore why DEEP C Industrial Zones is a trustworthy partner for your electronics investment:
- Prime locations in Hai Phong and Quang Ninh, home to Vietnam’s largest electronics FDIs, including Foxconn, PEGATRON, LG, and USIExisting electronics cluster in DEEP C with key suppliers to Apple, Microsoft, and other global brands
- Workforce development programs through recruitment events, digital platforms, and partnerships with local universities and vocational colleges.
- One-stop investor support from pre- and post-licensing to ongoing operation
- Direct access to major seaports, expressways, rail links, and the China borders in northern Vietnam
Case Study
PEGATRON’s investment strengthen DEEP C’s position as a leading industrial park for electronics manufacturing in Vietnam
Partnering for growth:
- Ample land bank & scalable infrastructure: DEEP C met Pegatron’s large-scale demand for 34 hectares, supporting long-term expansion plans.
- Ease of doing business: DEEP C’s transparent processes, efficient licensing support, and dedicated client services, ensuring a smooth project setup and operation
- Sustainability: DEEP C’s strong commitment to sustainable development aligned with Pegatron and its clients’ expectations for greener, more responsible production.
- Workforce access: DEEP C’s location and added recruitment support support PEGATRON to tap into an abundant labor pool.
