Vietnam's semiconductor exports grow 32% a year over 20 years, with Vietnam emerging as a key hub in Asia-Pacific supply chains

【Hanoi, Vietnam—Correspondent Kim Jun-seok】Vietnam's semiconductor exports recorded explosive average annual growth of 31.8% from 2006 to 2025, with Vietnam rapidly emerging as a key pillar of the region's semiconductor supply chain.
Local media and other sources reported on the 14th that global logistics company FedEx and global consulting firm Frost & Sullivan said in a jointly released report that Vietnam's average annual semiconductor export growth rate from 2006 to 2025 was 31.8%, the highest among the eight countries compared, including South Korea, Taiwan, Malaysia, Singapore, Thailand, the Philippines and Japan.
The report defines semiconductor products as including diodes, transistors, analog semiconductor components, optoelectronic semiconductor devices (including solar cells), light-emitting diodes (LEDs), assembled piezoelectric crystals and integrated circuits (ICs).
ICs alone recorded $32.4 billion (about 44 trillion won) in exports in 2023. The report described Vietnam as “a fast-growing emerging semiconductor exporter” and identified four strengths: its role as an emerging hub for semiconductor assembly and testing (OSAT), a strong electronics manufacturing base, its ability to attract investment from global corporations, and cost competitiveness alongside a skilled workforce.
It also noted that, as global semiconductor and advanced technology companies continue to enter and expand in the country, Vietnam is gradually securing a more important position in the Asia-Pacific semiconductor ecosystem.
However, analysts attributed Vietnam's top ranking in export growth in part to a base effect: its market was relatively small when it first took shape compared with those of established semiconductor hubs. In 2025, Vietnam ranked seventh among the countries surveyed in semiconductor export value. Taiwan led with $170 billion (about 228 trillion won) in exports. By contrast, Vietnam posted the highest semiconductor import growth rate, averaging 30% a year over the past 10 years, and ranked fourth in import value, after Singapore, Taiwan and South Korea.
The report also pointed out that growing demand for artificial intelligence (AI), high-performance computing (HPC), electric vehicles (EVs) and next-generation communications technology is strongly driving global semiconductor production. It said the Asia-Pacific region has become the center of the global ecosystem, accounting for 58% of worldwide semiconductor industry revenue.
The division of labor in the Asia-Pacific region is now highly specialized. China supplies materials, Taiwan handles contract manufacturing of advanced semiconductors, South Korea plays a key role in memory chips, and Japan in equipment and specialty materials. Major Southeast Asian countries, including Vietnam, Malaysia, the Philippines, Thailand and Indonesia, are focused on specialized back-end processes such as packaging, testing, module assembly, subsystem integration, advanced packaging and integration of micro-electromechanical systems (MEMS).
The report forecast that investment in the Asia-Pacific semiconductor supply chain will become even more active in the future. According to a FedEx survey conducted at the 2026 Taipei SEMICON semiconductor exhibition held last September, 35% of respondents said they planned to expand their production bases into additional markets in the Asia-Pacific region within the next three years. Another 25% said they planned to improve or diversify their existing supply chains.

[email protected] Kim Jun-seok Reporter