The import of electrical and electronic equipment to Viet Nam stood at 83.15 billion USD in 2023. For 2024, the forecasted value is 86.807 billion USD, reflecting a year-on-year increase of 4.39%. Continuing this trend, the import value is expected to grow to 90.745 billion USD in 2025 and 94.604 billion USD in 2026, showing an annual growth rate of 4.55% and 4.26% respectively. By 2027, the value is projected to reach 98.386 billion USD, marking a 4% increase, followed by a forecast of 102.09 billion USD in 2028, indicating a 3.78% rise. The compound annual growth rate (CAGR) over the five-year period from 2023 to 2028 is approximately 4.20%.
Future trends to watch for include:
• Technological advancements driving demand for newer and higher-quality electronic equipment.
• Potential impacts of trade policies and tariffs on import levels.
• Growing domestic manufacturing capabilities that might influence import needs.
• Changes in global supply chain dynamics, including shifts due to geopolitical factors.
