Published
in Economy
Vietnam marks its place as a key player in the global telephone market in 2023, securing the second-largest share of exports after China. This significant achievement highlights Vietnam's burgeoning technology sector.
Vietnam's 8.44% share of the global telephone export market showcases its growing capabilities in technology manufacturing. The country has been investing in technology infrastructure and manufacturing capacities, which have started yielding impressive results.
While China remains unchallenged as the leader with 57.54% of exports, Vietnam’s progress is noteworthy. South Korea, Chinese Taipei, and the United States follow, collectively enhancing the diversity and reliability of global supply.
Vietnam's rise suggests a broader shift in global manufacturing trends, with more countries vying for leading positions in tech exports. Continued investments in technology can potentially enhance Vietnam's market share in future assessments.
In 2023, China is the largest exporter of telephones, capturing 57.54% of the global market share.
Following China, Vietnam, South Korea, Chinese Taipei, and the United States are notable contributors to the global telephone export market in 2023.
Vietnam holds the second-largest share of the telephone export market in 2023, with 8.44%, highlighting its growing technological manufacturing sector.
