Vietnam’s Mobile Phone Exports Drop for 1st Time in 11 Years
Vietnam’s mobile phone exports decreased for the first time in 11 years last year.
The ratio of Vietnam’s mobile phone and mobile phone component exports to its total exports continued to increase for years and reached as high as 30 percent in 2019 to account for the largest portion for the 11th consecutive year. However, the mobile phone and mobile phone component exports decreased 0.4 percent to US$51.18 billion in 2020.
In fact, Samsung Electronics’ mobile phone exports constitute almost 100 percent of Vietnam’s mobile phone exports. In Vietnam, the company is running mobile phone manufacturing plants in Bac Ninh and Ho Chi Minh City. The two plants are the largest and most advanced among the company’s nine mobile phone manufacturing plants across the world, which include those in South Korea, Indonesia, India, China and Brazil.
At present, approximately 40,000 and 70,000 workers are working at the plants in Bac Ninh and Ho Chi Minh City, respectively. In addition, Samsung Electronics’ mobile phone supply from Vietnam accounts for more than 50 percent of the company’s global mobile phone supply.