According to statistics from General Department of Customs, from the beginning of this year to mid-August 2024, export turnover of computers, electronic products and components reached 42.59 billion USD, up 28.9%, equivalent to an increase of 9.55 billion USD over the same period last year.
Previously, in July 2024, exports of computers, electronic products and components reached 5.9 billion USD, an increase of 18.4% over the previous month.
In the first 7 months of 2024, Vietnam's exports of computers, electronic products and components reached 39.59 billion USD, accounting for 17% of Vietnam's total export value and increasing by 29.1% (equivalent to an increase of 8.93 billion USD) over the same period last year.
On other hand, from beginning of this year to mid-August 2024, import turnover of a group of imported computers, electronic products and components reached 64.15 billion USD, an increase of 28.2%, equivalent to an increase of 14.11 billion USD over the same period last year.
In July 2024, imports of computers, electronic products and components reached 10.08 billion USD, an increase of 13.4%, equivalent to an increase of 1.19 billion USD over previous month.
In the first 7 months of 2024, imports of this group of goods reached 59.43 billion USD, up 29.4% over the same period last year and accounted for the largest proportion of 28% of total import value of the country, surpassing import level of this group of goods for the whole year in 2019.
HSBC Bank's "Investment Outlook for the Second Half of 2024" report forecasts that Vietnam's economic growth in the second half of this year will continue its recovery path driven by global electronics cycle. Vietnam's electronics export are doing very well. Thanks to that, industrial activity reflected in purchasing managers' index (PMI) continues to show that manufacturing activities are expanding.
Although Vietnam's export industry of computers, electronic products and components is growing strongly, it also faces many challenges. One of the biggest challenges is volatility of input material market, when raw material prices are constantly changing and dependence on supply from other countries. In addition, competitive pressure from other countries in the region and the world is also a factor that cannot be ignored.
In addition, opportunities for Vietnam's technology industry are also huge. Attracting the world's leading technology corporations to invest in Vietnam has opened up many opportunities for domestic enterprises, not only in export growth but also in technology transfer, human resource training and development of products with high added value.
With current growth momentum, experts predict that export turnover of group of computers, electronic products and components will continue to maintain its leading position in the coming years. Therefore, to maintain growth momentum, enterprises in the industry need to constantly improve production capacity, invest in advanced technology and develop highly qualified human resources.
In addition, if export orders of electronics industry remain as they are now, it is likely that import turnover of computers, electronic products and components will reach 100 billion USD mark. Both groups of goods have rich and diverse markets across 5 continents. The largest of these are the United States, China, the EU, etc.

Source: Vitic/ congthuong.vn