Business Monitor International

Vietnam Consumer Electronics Report

Published 16 October 2014

  • 57 pages
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  • Includes 3 free updated quarterly reports
Vietnam Consumer Electronics Report

BMI View:   There is short-term downside to our consumer electronics spending outlook due to a tightening of domestic credit conditions in H214 due to a build of bad debts by Vietnamese banks. However we maintain that Vietnam's consumer electronics market has a bright outlook as rising incomes and falling average device prices in key device categories over the medium term catalyse strong growth in spending. We estimate spending grew by 17 .4% in US dollar terms in 2013 to USD 4.5bn - and we have a positive outlook for the medium term with a CAGR of 6.2% forecast 2014-2018 . The country's vast, underpenetrated rural market offers the greatest growth potential, while Hanoi and Ho Chi Minh City accounted for most sales in 2013.  Growth areas include smartphones, particularly low-cost devices from Chinese and local brands, and LED TV sets as Vietnam transitions from analogue to digital broadcasting . Vietnam is also rapidly becoming a key destination in global consumer electronics supply chains, with large investments announced by Samsung Electronics , Nokia and LG Electronics in 2013 and 2014 .

Headline Expenditure Projections

  • Computer Hardware Sales: USD1.5bn in 2013 to USD1.7bn in 2014, +13.8% in US dollar terms. The low penetration of PCs means vendors can still tap the first-time buyer market, with low-cost tablets from Chinese OEMs proving especially popular with consumers.

  • AV Sales : USD1.0bn in 2013 to USD1.2bn in 2014, +10.6% in US dollar terms. The FIFA World Cup in Brazil boosted TV set sales in 2014, but over the medium term it will be digitisation that drives growth.

  •   Handset Sales : USD2.0bn in 2013 to USD2.3bn in 2014, +15.8% in US dollar terms. We expect another strong year of growth for smartphone sales in Vietnam in 2014, which will drive up the average selling price in the handset market and support robust growth in overall market value.

Key Trends And Developments

The Vietnamese government plans to digitise...

Table of Contents

BMI Industry View
Business Environment
Industry Forecast
Table: Consumer Electronics Overview (Vietnam 2012-2018)
Macroeconomic Forecasts
Table: Foreign Direct Investment By Country Of Origin (Top Five)
Table: Vietnam - Economic Activity
Industry Risk Reward Ratings
Table: Asia-Pacific Consumer Electronics Risk/Reward Ratings - Q3 2014
Market Overview
Table: PC Sales (Vietnam 2012-2018)
AV Devices
Table: AV Sales (Vietnam 2012-2018)
Mobile Handsets
Table: Mobile Communications (Vietnam 2012-2018)
Competitive Landscape
International Companies
Table: Samsung Electronics
Table: Intel
Table: LG Electronics
Local Companies
Table: Q-Mobile
Industry Trends And Developments
Demographic Forecast
Table: Vietnam's Population By Age Group, 1990-2020 ('000)
Table: Vietnam's Population By Age Group, 1990-2020 (% of total)
Table: Vietnam's Key Population Ratios, 1990-2020
Table: Vietnam's Rural And Urban Population, 1990-2020
Industry Forecast Methodology
Sector-Specific Methodology
Risk/Reward Rating Methodology
Sector-Specific Methodology
Table: Consumer Electronics Risk/Reward Ratings Indicators
Table: Weighting Of Indicators

The Vietnam Consumer Electronics Report has been researched at source and features latest-available data covering both the manufacture and sale of consumer electronics products, critically analysing - and forecasting - the market dynamics affecting each sub-sector, including audio-visual, computers, mobile handsets, gaming and automotives electronics. Furthermore, the report analyses the domestic and global economic trends driving device demand and provides company rankings and competitive landscapes covering leading multinational and national consumer electronics companies and analysis of latest industry news and trends in Vietnam.

Business Monitor International (BMI)'s Vietnam Consumer Electronics Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the consumer electronics industry in Vietnam.

Key Benefits

  • Benchmark BMI's independent consumer electronics industry forecasts for Vietnam to test other views - a key input for successful budgeting and strategic business planning in the Vietnamese consumer electronics market.
  • Target business opportunities and risks in Vietnam through our reviews of latest industry trends and major deals, projects and investments.
  • Exploit the latest competitive intelligence with company SWOT analyses.


BMI Industry View

Summary of BMI's key industry forecasts, views and trend analysis covering consumer electronics, major investments and projects.

Consumer Electronics Market

Analysis of the size of the domestic market for electronics products, with in-depth assessment and data covering the dynamics driving each sub-sector; audio-visual, computers, mobile phone handsets and gaming devices, as well as demand for automotives electronics.

Electronics Industry

Analysis and data of the domestic electronics manufacturing sector. We assess the regulatory and business operational issues facing manufacturers - including openness to foreign investment, infrastructure, IP issues and the global demand context - and their impact on the production of electronics goods, which is again broken down via market sub-sectors.

Industry Forecast Scenario

Historic data series and forecasts to end-2018 for all key industry and economic indicators (see list below), supported by explicit assumptions, plus analysis of key risks to the main forecast, covering computers, communications and gaming devices. Indicators include:

Industry value (US$bn); population (mn); nominal GDP (US$bn); real GDP growth (%), GDP per capita, industrial production Index (% y-o-y ave.) unemployment % of labour force.

Business Environment Rankings

BMI's Consumer Electronics Business Environment Rankings provide a country-comparative Risk-Reward Rankings index aimed at investors and participants in the regional consumer electronics market. The rankings methodology makes sophisticated use of over 40 industry, economic and demographic data points.

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'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc