The revenue in the consumer electronics market in Vietnam was forecast to continuously increase between 2024 and 2029 by in total ***** million U.S. dollars (+***** percent). After the fifth consecutive increasing year, the indicator is estimated to reach *** billion U.S. dollars and therefore a new peak in 2029. Find other key market indicators concerning the average revenue per user (ARPU) and revenue growth. The Statista Market Insights cover a broad range of additional markets.

The Vietnam consumer electronics market was valued at USD 10.57 Billion in 2024. The industry is expected to grow at a CAGR of 8.20% during the forecast period of 2025-2034, to attain a valuation of USD 23.25 Billion by 2034.

The rising rate of urbanisation and the surging spending capacities of consumers is driving the preference for smart homes, subsequently impacting the Vietnam consumer electronics market outlook. In March 2025, T3 Technology entered into a partnership with Vietnamese telecom operator Viettel Telecom, and IoT platform technology firm Tuya Smart for accelerating the advancements in Vietnam’s smart home as well as Artificial Intelligence of Things (AIoT) industries.

Further, the growing efforts on global firms on setting up manufacturing units for electronics and their components will also influence the market growth. In April 2025, leading Chinese electronics manufacturer Goertek invested VND9,717 billion (approx. USD 391 million) for expanding its footprint in Vietnam. The surging presence of international brands for increased global presence is an important factor for the Vietnam consumer electronics market growth. In October 2024, Facebook owner Meta disclosed its plans of producing virtual reality headsets in Vietnam from 2025.

The Vietnam consumer electronics industry will also be impacted by the rising number of retail stores combined with the growing sales of mobile phones, and electric and electronic home appliances. According to industry reports, Vietnam-based computer and electronics retailing firm Mobile World Investment Corp. reported a revenue of VND24.52 trillion (USD 959.5 million) in the first two months of 2025.

Significant fluctuations are estimated for all segments over the forecast period for the online revenue share. Only in the segment Online, a significant increase can be observed over the forecast period. In this segment, the indicator exhibits a difference of 24.62 percent between 2019 and 2027. Find further statistics on other topics such as a comparison of the online revenue share in the Philippines and a comparison of the online revenue share in Indonesia. The Statista Market Insights cover a broad range of additional markets.

Vietnam printed electronics market size reached USD 330.4 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 622.9 Million by 2033, exhibiting a growth rate (CAGR) of 7.3% during 2025-2033. The inflating popularity of energy-efficient and sustainable consumer electronics, along with the increasing adoption of connected devices, is primarily driving the market growth.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on material, technology, and device.

The number of users in the 'Consumer Electronics' segment of the electronics e-commerce market in Vietnam was forecast to continuously increase between 2024 and 2029 by in total *** million users (+***** percent). After the eighth consecutive increasing year, the indicator is estimated to reach ***** million users and therefore a new peak in 2029. Find further information concerning the number of users in the 'Household Appliances' segment of the electronics e-commerce market in Brazil and the number of users in the 'Consumer Electronics' segment of the electronics e-commerce market in India. The Statista Market Insights cover a broad range of additional markets.

The penetration rate in the 'Consumer Electronics' segment of the electronics e-commerce market in Vietnam was forecast to continuously increase between 2024 and 2029 by in total *** percentage points. According to this forecast, in 2029, the indicator will have increased for the fifth consecutive year to ***** percent. Find further information concerning the average revenue per user in the e-commerce market in Russia and the average revenue per user in the e-commerce market in Malaysia. The Statista Market Insights cover a broad range of additional markets.

Vietnam E-commerce Market size was valued at USD 36.3 Billion in 2024 and is expected to reach USD 144.9 Billion by 2032, growing at a CAGR of 18.9% from 2025 to 2032.

Vietnam E-commerce Market: Definition/Overview

Vietnam's E-commerce refers to the online purchase and sale of goods and services within the country, which uses digital platforms to facilitate transactions. This digital commerce ecosystem encompasses a variety of activities, including retail sales, trip bookings, online meal delivery, and digital content subscriptions. Vietnam's E-commerce landscape is supported by a strong digital infrastructure, including a high prevalence of smartphones, internet access, and the growing usage of online payment systems.

The revenue in the 'Smartphones' segment of the consumer electronics market in Vietnam was forecast to continuously increase between 2024 and 2029 by in total *** billion U.S. dollars (+**** percent). After the fifth consecutive increasing year, the indicator is estimated to reach **** billion U.S. dollars and therefore a new peak in 2029. Find more information concerning Spain and Worldwide.The Statista Market Insights cover a broad range of additional markets.

The total retail sales of consumer electronics e-commerce in Vietnam increased from 2017 to 2021. In 2021, consumer electronics e-commerce retail sales in the country amounted to approximately *** billion U.S. dollars. The country's retail sales of this product category were forecasted to continue increasing and reach **** billion U.S. dollars in 2026.

The revenue change in the consumer electronics market in Italy was forecast to increase between 2024 and 2029 by in total *** percentage points. This overall increase does not happen continuously, notably not in 2026, 2027 and 2029. The indicator is estimated to amount to **** percent in 2029. Find more information concerning Vietnam and the United Kingdom. The Statista Market Insights cover a broad range of additional markets.

The Vietnam E-Commerce Market Report is Segmented by Business Model (B2C, B2B), Device Type (Smartphone / Mobile, Desktop and Laptop, Other Device Types), Payment Method (Credit / Debit Cards, Digital Wallets, BNPL, Other Payment Method), B2C Product Category (Beauty and Personal Care, Consumer Electronics, Fashion and Apparel, Food and Beverages, and More). The Market Forecasts are Provided in Terms of Value (USD).

Vietnam Retail Market size was valued at USD 297.5 Billion in 2024 and is expected to reach USD 952.6 Billion by 2032, growing at a CAGR of 15.6% from 2026 to 2032.

Vietnam Retail Market: Definition/ Overview

In Vietnam, retail is the direct sale of products and services to consumers through a variety of channels such as supermarkets, shopping malls, convenience shops, and e-commerce platforms.

The revenue change in the consumer electronics market in the United Kingdom was forecast to increase between 2024 and 2029 by in total *** percentage points. This overall increase does not happen continuously, notably not in 2026, 2027 and 2029. The indicator is estimated to amount to *** percent in 2029. Find more information concerning Vietnam and Italy.The Statista Market Insights cover a broad range of additional markets.

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Vietnam Semiconductors Market Size 2025-2029

The Vietnam semiconductors market size is forecast to increase by USD 2.04 billion at a CAGR of 7% between 2024 and 2029.

The semiconductor market in Vietnam is experiencing sustainable growth, fueled by the increasing adoption of low-cost communication devices. This trend is driven by the country's large population and rising disposable income, leading to a surge in demand for smartphones, laptops, and other electronic devices. However, market growth is not without challenges. Excess semiconductor inventory poses a significant obstacle, as global oversupply continues to put downward pressure on prices. This situation is further complicated by the ongoing trade tensions between major semiconductor producing countries, which may disrupt supply chains and impact market dynamics. To capitalize on opportunities and navigate these challenges effectively, companies must stay informed about market trends and be agile in their business strategies.
Adopting innovative technologies, such as advanced manufacturing processes and supply chain optimization solutions, can help semiconductor manufacturers improve efficiency, reduce costs, and maintain competitiveness in the market. Additionally, collaborating with local partners and governments can help companies navigate regulatory complexities and tap into the vast consumer base in Vietnam. Overall, the semiconductor market in Vietnam presents significant opportunities for growth, but also requires companies to be nimble and proactive in addressing challenges.

What will be the size of the Vietnam Semiconductors Market during the forecast period?

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The semiconductor market in Vietnam is experiencing significant growth, driven by advancements in embedded software and electronic design automation. Companies are focusing on licensing agreements and virtual prototyping to enhance power management and performance optimization. Quantum Computing and neuromorphic computing are emerging technologies gaining traction, requiring advanced packaging and silicon carbide for improved energy efficiency. Design for manufacturing and computer-aided engineering are crucial for cost optimization and product differentiation. Intellectual property protection and hardware security are essential considerations in the industry.
Silicon on insulator and complementary metal-oxide semiconductor technologies continue to dominate, with gallium arsenide and digital-to-analog conversion playing essential roles in signal processing applications. Standards development and energy efficiency are key priorities for industry associations, ensuring the market's continued growth and innovation.

How is this market segmented?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Consumer electronics
  Communications
  Automotive
  Medical devices
  Others


End-user

  Memory
  Foundry
  IDM


Device

  Power Management Integrated Circuits (PMICs)
  Microchips
  Radio Frequency Identification (RFID)


Semiconductor Materials

  Fabrication
  Pacakging


Geography

  APAC

    Vietnam

By Application Insights

The consumer electronics segment is estimated to witness significant growth during the forecast period.

The semiconductor industry in Vietnam is experiencing significant growth, driven by various factors. Consumer electronics, including mobile devices, smartphones, wearables, and appliances, dominate the market. Vietnam's competitive edge lies in its lower labor costs compared to China and Mexico, making it an attractive destination for consumer electronics manufacturers. The country's government offers incentives to attract investment, further boosting the industry's expansion. Beyond consumer electronics, other sectors such as data centers, medical devices, and industrial automation are also driving demand for semiconductors. Wafer fabrication and foundry services are essential components of the semiconductor manufacturing process, while chip design, design automation, and semiconductor testing are crucial for innovation and quality.

The semiconductor industry's evolution is marked by technology trends such as 5G technology, artificial intelligence, edge computing, and digital transformation. These technologies are revolutionizing industries like aerospace and defense, healthcare, and manufacturing. Memory chips, power semiconductors, and discrete semiconductors are key components of these advanced technologies. However, the industry faces challenges such as semiconductor shortages and supply chain disruptions. Yield management and ic packaging are essential to mitigate these issues. Furthermore, talent acquisition and skills gap are critical concerns

Vietnam smart glass market size reached USD 27.6 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 81.0 Million by 2033, exhibiting a growth rate (CAGR) of 12.7% during 2025-2033. The increasing demand for smart glass technology, which offers the potential for significant energy savings by reducing the need for heating, cooling, and artificial lighting in buildings, is driving the market.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on technology, control mode, and application.

The Vietnam sensor fusion market is segmented by application into automotive, consumer electronics, and industrial. In 2023, the automotive segment lead the market.

Vietnam tooling market size reached USD 1.1 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 2.1 Billion by 2033, exhibiting a growth rate (CAGR) of 7.39% during 2025-2033. The expanding consumer electronics sector, the growing automotive industry in Vietnam, the rising infrastructure development projects, the escalating focus on aerospace manufacturing and the establishment of aerospace-related companies, and the support from the Vietnamese government are some of the factors propelling the market.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on product type, material type, and end use industry.

In Vietnam Semiconductor Equipment Market, It is witnessing robust growth as global demand for advanced chips surges across industries such as consumer electronics, automotive, telecommunications, and artificial intelligence.

Vietnam Semiconductor Market has valued at USD 18.6 billion in 2024 and is expected to reach USD 28.8 Billion in 2030 and project robust growth in the forecast period with a CAGR of 7.4% through 2030

Vietnam Flexible Substrate market’s growth is driven by demand from consumer electronics, automotive, and renewable energy sectors, along with increasing applications in healthcare and printed electronics