Preliminary data from Vietnam Customs shows Vietnam spent US$101.45 billion on imports from China in the first seven months of the year, marking a rise of over 27% and accounting for 40.2% of the country’s total import value.

Notably, computer, electronics and components imports totaled US$28.55 billion, representing an increase of 46.77% compared to the same period last year.

Vietnam is a major manufacturing and assembly hub for electronics in the region, hosting large FDI companies such as Samsung, LG, Foxconn, and Intel. These companies require a steady supply of components and electronic parts to assemble finished products like smartphones, laptops, and consumer electronics. Meanwhile, China remains the main supplier, offering a well-developed supply chain, competitive pricing, and convenient logistics.

In addition, domestic consumption of technology and electronics in Vietnam is increasing, especially in the post-COVID era and amid ongoing digital transformation. Individuals, businesses, and institutions are investing more in digital devices for work, education, and entertainment.

In contrast, Vietnam raked in US$35.02 billion from exports to China, reflecting a more modest growth of 7.8% year on year. As a result, Vietnam recorded a trade deficit of over US$66.4 billion with China in the reviewed period.

Electronics exports hit US$74 billion in H1, driven by phones and computers

VOV.VN - Vietnam raked in approximately US$74 billion from the export of phones, computers, and components in the first half of the year, increasing by more than US$10 billion compared to the same period in 2024.