Workers assemble electronic components at Canon Electronics Vietnam in Pho Noi A Industrial Park, Hung Yen Province.
As of mid-November, Vietnam had shipped almost USD 143 billion worth of electronics. Exports of computers and components rose 48 per cent to more than USD 92 billion, while phones and parts reached USD 50.8 billion, up 5 per cent from last year.
Customs officials said the sector added roughly USD 32 billion in new export value compared with the same period in 2024. Electronics continued to lead export growth, helping push Vietnam’s total export revenue past USD 410 billion. Shipments in the first ten and a half months have already surpassed the electronics export total for all of 2024 by USD 16.5 billion.
Vietnam’s electronics industry has strengthened its role as a pillar of national economic growth, contributing more than 30 per cent of industrial exports. Last year, the sector earned USD 126.5 billion, up USD 17 billion from 2023.
Do Thi Thuy Huong, a member of the executive committee of the Vietnam Electronic Industries Association, said the country has transformed from “a contract-manufacturing base into a smart-production hub attracting hundreds of billions of USD in FDI from major global corporations such as Samsung, Intel and Foxconn”.
Factories worth from tens of millions to several billions of USD, built by leading US, Korean and other technology firms, have helped Vietnam maintain electronics exports above USD 100 billion a year, she said.
The industry now employs more than 1.5 million skilled workers, supports technology transfer and is lifting the localisation rate of components to 40–50 per cent in several segments.
Preliminary customs data also showed that Vietnam’s total merchandise trade in the first ten and a half months reached more than USD 801.2 billion, up 17.2 per cent, or USD 117.4 billion year-on-year.
Export value reached USD 410.3 billion, up 16.1 per cent, and import value totalled nearly USD 391 billion, an 18.3 per cent increase year-on-year.
Foreign direct investment firms accounted for USD 579.1 billion, rising 25 per cent, or USD 116.11 billion in absolute terms.
On November 19, Prime Minister Pham Minh Chinh issued Directive 221/CD-TTg calling for stronger efforts to maintain macroeconomic stability and accelerate export growth. The government said ministries, agencies and localities had implemented multiple measures throughout 2025 to stabilise the economy, diversify markets and support exporters.
However, with global conditions still uncertain, the directive urges ministries, provinces and state-owned groups to act quickly and consistently to meet the 2025 growth target of more than 8 per cent while keeping the economy stable.
