Vietnam Semiconductor & Electronic Manufacturing Industry Value, Forecast, and Competitor Insights

Vietnam Semiconductor & Electronic Manufacturing Market Projected to Expand at 9.45% CAGR Through 2030

The Vietnam Semiconductor & Electronic Manufacturing Market is estimated to grow at a CAGR of around 9.45% during the forecast period, i.e., 2025-30. The Vietnam Semiconductor & Electronic Manufacturing Market growth is due to the shift in global supply chain, increasing penetration of 5G internet services and electronic devices, increasing foreign investments in the sector, the government support, increasing integration of AI, ML, Cloud, etc., increasing adoption of electric vehicles, and others.

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Strategic Takeaways from the Report:

Market Sizing and Forecasting
Regulatory and Policy Influence
Competitive Trends and M&A Activity
Innovation Drivers and Disruptive Technologies
Investment Hotspots and Emerging Niches
Geographical Dynamics and Trade Flows

Vietnam Semiconductor & Electronic Manufacturing Market Segment Overview & Classification

This market is categorized to offer targeted insights across various operational and consumer-related verticals.

Segment List:

By Product Type

Semiconductor Devices
- Integrated Circuits (ICs)
- Discrete Semiconductors (Transistors, Diodes)
- Optoelectronics (LEDs, Image Sensors)
- Sensors & MEMS
Electronic Components
- Passive Components (Capacitors, Resistors, Inductors)
- Electromechanical Components (Relays, Switches, Connectors)
Printed Circuit Boards (PCBs)
Electronic Manufacturing Services (EMS)
- PCB Assembly
- Box Build Assembly
- Testing & Prototyping

By Application

Consumer Electronics (Smartphones, TVs, Wearables)
Automotive Electronics
Industrial Electronics (Automation, Robotics)
Telecommunications (5G Infrastructure, Networking)
Computing & Data Centers
Medical Devices
Others

Consumer electronics (smartphones, TVs, wearables) hold the largest market share of about 56%. This is due to the increasing penetration of electronic devices, especially smartphones, the adoption of 5G internet services, government support, Industry 4.0, rapid advancements in technology, etc. The electronic devices, such as smartphones, wearables, TVs, etc., are gaining popularity among individuals, especially Gen-Z and millennials, due to the increasing remote working culture, rise in disposable income, the emerging gaming & entertainment industry, rising e-commerce, etc.

By Distribution Channel

Direct Sales (OEMs)
Distributors/Wholesalers
Online Sales Platforms
Retail

Based on distribution channel, the direct sales (OEMs) segment holds the largest market share of around 61%. This market share is due to the presence of global OEM manufacturers, low-cost workforce, reduced taxation, shift in global supply chain, technological advancements in semiconductors & electronics, etc. Vietnam is one of the global suppliers of semiconductors & electronics, because of its location to the global consumers such as South Korea, China, the US, Japan, etc. The export of the country is further boosted by the shift in the trade supply chains caused due to the US-China trade war. The increasing trade activities have pushed manufacturers such as Samsung, LG Electronics, Amkor Technology, etc., to increase their production and their supply chain across multiple regions, leading to direct sales of the products.

By Region

Northern Vietnam
Central Vietnam
Southern Vietnam
Others.

These divisions help clarify demand patterns and expected shifts.

Market Opportunities

Favorable Government Policies Developing Market-Friendly Environment – The government is supporting the market to boost economic growth and digitalization of the nation, through the initialization of the workforce training program, C = SET + 1 plan, tax reduction, international partnership in high-tech parks, etc.

To support the semiconductor and electronics industry and attract foreign investments, the government of Vietnam has undertaken several initiatives, including C = SET + 1. The plan is fragmented into 3 different phases for a particular set of years, focusing on different aspects of the industry. Phase 1 of the strategy focuses on the establishment of at least one small-scale chip manufacturing plant and over 100 semiconductor design companies. It also aims to train and develop more than 50,000 engineers from 2024 to 2030. This has pushed the domestic manufacturers to expand their business in the country.

Additionally, the Corporate Income Tax (CIT) initiative of the government with a reduced tax rate of about 10% on the manufacturing, development of the tech sector, including semiconductors and electronics. Such tax exemptions and reductions are made to attract investment and global leaders to the high-tech parks, such as Hoa Lac Hi-Tech, etc., in the country. Thus, the strategies, plans, lower taxes, investments, training programs, etc., create a business-friendly environment to attract potential manufacturers to Vietnam.

Vietnam Semiconductor & Electronic Manufacturing Market Competitive Snapshot from 2025-2030

The report highlights established and emerging players in the global Vietnam Semiconductor & Electronic Manufacturing Market, evaluating their strengths, challenges, and potential for innovation.

Key Competitors Include:

Samsung Electronics Vietnam Co., Ltd.
Intel Products Vietnam Co., Ltd.
LG Electronics Vietnam
Foxconn Technology Group (Hon Hai Precision Industry Co., Ltd.)
Panasonic Vietnam Co., Ltd.
Hana Micron Vina Co., Ltd.
Amkor Technology Vietnam
Unigen Vietnam
Jabil Vietnam
Other (Renesas Electronics Vietnam, Sonion Vietnam, Nidec Vietnam, etc.).

Their activities include partnerships, product launches, and geographic expansions.

Vietnam Semiconductor & Electronic Manufacturing Industry Prime Challenge

Shortage of Skilled Labor – The manufacturing units of the market suffer greatly due to the shortage of skilled labor. The aging population, lack of training, inadequate ecosystem, etc., are leading to the growth in unskilled labor. The manufacturing units, especially of the latest advances such as semiconductors and electronics, depend on the FDI for the growth of the market in the country. This is due to the low ownership and consumption of the products in the domestic market. The market in Vietnam is driven by foreign or joint ventures, with approximately 174 ongoing projects worth USD11.6 billion in 2024. However, the domestic manufacturers such as FPT, Viettel, etc., are extensively researching electronic chips, yet their contribution is limited because of the underdeveloped ecosystem. Thus, the inadequate ecosystem, unskilled labor, and the lower domestic ownership hinder the market growth.

Frequently Asked Questions (FAQs):

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