Hanoi: Vietnam is gradually transforming from a manufacturing hub into a regional centre for high-tech innovation. The country currently ranks fifth in the world for electronics, computers and components exports, and second globally for mobile phones and components exports. Vietnam’s export turnover of electronics reached 134.5 billion USD last year.

According to Vietnam News Agency, the electronics industry continued its strong growth momentum with exports reaching 60.8 billion USD as of the end of May this year, a year-over-year increase of 39%, reinforcing its role as a key driver in the country’s export economy.