Vietnam's export of electrical and electronic equipment reached 100 billion USD in 2023, marking a significant presence in the global market. The forecasted data for the upcoming years shows a steady growth trajectory with values expected to be 104.78 billion USD in 2024, 109.74 billion USD in 2025, 114.6 billion USD in 2026, 119.36 billion USD in 2027, and 124.02 billion USD in 2028. The annual growth rates indicate a year-on-year increment of approximately 4.7% between 2024 and 2025, 4.4% between 2025 and 2026, 4.2% between 2026 and 2027, and 3.9% between 2027 and 2028. The compound annual growth rate (CAGR) over the five years from 2023 to 2028 stands at about 4.5%. This sustained growth reflects Vietnam’s strong industrial capabilities and increasing global demand for its electrical and electronic products.
Future trends to watch for include advancements in technology, trade policies affecting international relations, and the global supply chain dynamics which could influence Vietnam's export performance. Additionally, investments in improving manufacturing efficiency and expanding high-tech production capacities could further boost export growth.
