The Industrial Production Index (IPI) for communication equipment manufacturing increased by 6.77 percent in November compared to October, according to Vietnam’s General Statistics Office. This monthly growth highlights the steady expansion of the sector.
Year-on-year, the industry recorded a substantial 14.15 percent increase in November 2024 compared to the same period in 2023. Over the first 11 months of 2024, cumulative growth stood at 8.63 percent, underlining the sector’s importance to Vietnam’s industrial output.
The growth is driven by global demand for advanced communication technologies, including 5G equipment, as Vietnam strengthens its role in global telecommunications supply chains. Investments in production capacity and innovation have boosted the sector’s competitiveness.
Communication equipment manufacturing remains vital to Vietnam’s economy, contributing significantly to export earnings and industrial expansion. Continued advancements in technology and strategic market development are essential for sustained growth.
See also: Electronics Manufacturing in Vietnam