Menu


Vietnam ranking among ASEAN electronics exporters

By VentureOutsource.com Staff

With the ongoing US-China trade war and manufacturing costs increasing in China, opportunities for ASEAN countries to further participate in electronics regional and global value chain contribution has grown. Vietnam, for example, has climbed the ranks as a key electronics exporter, up from 47th place in 2001 to eighth place in 2018. Malaysia and Thailand have also risen as prominent electronics exporters, ranking 10th and 15th, respectively in 2018.

Search EMS manufacturing listings
Go

In your results, you can further target provider End Markets and/or Services, and/or additional Geographies.

At the international level, electronics are part of the Harmonized System (HS) for classifying goods. Its a six-digit code system comprising roughly 5,300 article and/or product descriptions displaying as headings and subheadings, arranged in 99 chapters, grouped in 21 sections. The six digits can be broken down into three parts.

Rankings of key ASEAN electronics exporters, 2001 and 2018

Relatively low labor costs compared to China, promising prospects with economic growth, and appealing demographics have helped make these emerging Asian economies attractive destinations for manufacturers and foreign direct investment (FDI) in electronics. (Suggested reading: Economic drivers, challenges creating regional electronics industry)

RELATED
Vietnam and South East Asia manufacturing
Global manufacturing tariffs, trade concerns

Over 2012 to 2016, greenfield FDI in ICT and electronics accounted for at least 10% of total FDI in manufacturing in Vietnam (27%), Malaysia (20%), the Philippines (12%) and Thailand (10%) according to a 2018 report by OECD, ‘Economic Outlook for Southeast Asia, China and India’.

In general, ASEAN economies are a key destination for investment from Japanese, Korean, Chinese and Taiwanese electronics firms according to a report by investment bank HSBC.




Private message OEM peers. Access all content.

For electronic OEM professionals working in OEM companies. Connect with OEM peers and access exclusive content.

You might also like:

OEM Checklist for EMS Manufacturing Quotes

https://www.ventureoutsource.com/contract-manufacturing/vietnam-ranking-among-asean-electronics-exporters/

Provider spotlight

About VentureOutsource.com

VentureOutsource.com is the leading online destination helping electronics OEM decision makers make more informed decisions and reduce risk. We offer educational Webinars, thousands of original articles and helpful tools, a community of influencers who understand the challenges facing your company today, and a comprehensive directory of electronics provider services.



Copyright Venture Outsource, LLC. All Rights Reserved
The material on this site is for informational purposes only and is not a substitute for legal, financial or professional advice. Distribution and use of this material are governed by our User Terms Agreement and by copyright law. By using our Website you agree to site Terms and Privacy policies. For questions please contact VentureOutsource.com at 1-888-860-1193 or visit www.ventureoutsource.com