Meanwhile, in Japan – the fourth largest smartphone importer globally, Vietnam holds 6.2% market share, nearly 3 times that of India.
On the contrary, Vietnam’s phone export market share decreased sharply in the UAE and Germany – countries ranked third and fifth in the world in importing this item, respectively.
Specifically, in the UAE, Vietnam reduced its market share from 32% (in 2008) to 13.5%. Meanwhile, the German market recorded a halving of Vietnam’s market share, from about 20% to 10%.
According to the import-export report of the Ministry of Industry and Trade, by the end of 2022, Vietnam has exported more than 210 million smartphones, mainly to the US and Chinese markets. The export turnover of phones and components in 2022 will reach nearly 58 billion USD, an increase of more than 0.8% compared to the previous year and accounting for nearly 16% of the total export turnover of goods in the country.
However, among them, foreign-invested enterprises (FDI) account for 99.67%, equivalent to 57.8 billion USD. Regarding complete phones, Vietnam’s export value reached more than 33.3 billion USD – most of which came from Samsung (accounting for 95%, equivalent to 31.4 billion USD), a Korean mobile manufacturer with Factories located in Thai Nguyen and Bac Ninh.