Chung Nam Group, a Hong Kong-based technology manufacturer and retailer, is considering a US$50 million assembly plant in Nam Dinh province. The plant will make camera components for phones, according to The Investor.
In June, Vietnam’s phone and component exports surged 18.4 percent month-on-month, reaching nearly US$4.75 billion.This robust growth has solidified Vietnam’s position as the world’s second-largest exporter of smartphones and components.
Vietnam’s electronics industry’s revenue is projected to reach US$3.17 billion this year, with a compound annual growth rate of 10.57 percent from 2024 to 2028, according to Statista.