According to preliminary statistics from the General Department of Vietnam Customs, exports of computers, electronic products, and components in April reached over $8.1 billion, a 4.9% decrease compared to March. In the first four months of the year, these exports earned $29.2 billion, a significant 36.2% increase compared to the same period last year.
In terms of market destinations, the United States is the largest export market for Vietnam’s computer products, with exports totaling $10.7 billion in the first four months, a substantial 57% increase compared to the same period in 2024.
China is the second-largest market, with exports of over $5 billion, a 27% increase, followed by Hong Kong in third place with $2.7 billion, a slight increase of nearly 7%.
On April 12, the administration of President Donald Trump decided to waive retaliatory tariffs on smartphones, computers, and other electronic imports. The U.S. Customs and Border Protection announced that smartphones, desktop computers, electronic components, and high-tech products such as semiconductor chips, solar panels, and memory cards are among the items exempt from the basic 10% tariff. The exemption applies to products imported into the U.S. or withdrawn from warehouses from April 5 onward.
This decision was made to mitigate the negative impact of tariff measures on the U.S. technology industry, particularly companies that rely on global supply chains, such as Apple, Nvidia, and electronics manufacturers.
Currently, Vietnam is the second-largest exporter of smartphones, the fifth-largest exporter of electronic components, the sixth-largest exporter of computer equipment, the seventh-largest software outsourcing destination, and the eighth-largest exporter of electronic spare parts in the world. According to B&Company Vietnam’s business database, Vietnam’s electronics industry comprised approximately 2,800 companies in 2023, generating $134 billion in net revenue.
In 2024, exports of computers, electronics, and components reached $72.56 billion, a 26.6% increase compared to 2023, indicating an additional $17 billion in revenue over the past year. This significant growth reflects a strong recovery in consumer demand and order intake, showcasing the production capabilities of domestic suppliers.
The surge in exports of electronics and technology products from Vietnam is largely attributed to the presence of foreign corporations. Vietnam has become a preferred investment destination for leading global technology corporations, including Samsung, LG, and Apple.
While the electronics and technology industry in Vietnam is considered a key sector and has achieved some success in attracting foreign direct investment, playing a significant role in exports, it is important to note that the country’s electronics, computer, and component industry is still in the early stages of the global electronics production chain and heavily relies on foreign-invested enterprises.
In 2025, if the growth trajectory of 2024 is maintained, electronic exports could reach a remarkable $140-145 billion. However, a potential challenge lies in the emerging trade policies in the United States, which may pose uncertainties for the industry.
Nhu Quynh
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