Vietnam tipped to become world’s top laptop producer: Nikkei

Sep 29th at 09:02
29-09-2020 09:02:25+07:00

Vietnam tipped to become world’s top laptop producer: Nikkei

Hon Hai Precision Industry, known as Foxconn and the world's biggest contract electronic manufacturer, may launch notebook PC production in Vietnam.

Southeast Asia is predicted to produce half of the world’s notebook personal computers in 2030, with Vietnam and Thailand tipped to be main manufacturing hubs, Nikkei Asian Review reported, citing a report from a Taiwan-based thinktank.

Vietnam could soon become the world's top laptop producer

As such, the region is expected to displace China as the center of notebook PC production, according to the Market Intelligence & Consulting Institute (MIC). China's rising labor costs and the desire to mitigate overdependence on a single region would drive the shift to Southeast Asia.

The global notebook PC market stood at 160 million units last year. China is responsible for 90% of the output, with most of its manufacturing overseen by Taiwanese companies, while Southeast Asia handles just a slim fraction of the production.

Through interviews of the manufacturers, MIC found that China's share of notebook PC production will be scaled from 90% to 40% by 2030. Major Taiwanese contract manufacturer Wistron, for example, will produce notebook PCs on behalf of US brands in Vietnam.

Among other Taiwanese peers, Compal Electronics is considering building output capacity in Vietnam while Quanta Computer, the world's third-largest contract manufacturer, is expected to produce notebook PCs in Thailand.

Hon Hai Precision Industry, known as Foxconn and the world's biggest contract electronic manufacturer, may launch notebook PC production in Vietnam.

Notebook PC deliveries are expected to climb 6% this year to 170 million units. The coronavirus pandemic has fueled the rise in telecommuting and distance learning, and lifted demand for Chromebooks, which run on Google's operating system.

In August, Nikkei also reported that South Korean tech giant Samsung Electronics will end its personal computer production in China as it looks to shift production to Vietnam to cut costs and remain competitive in the PC business,

Samsung once operated three smartphone factories in China, but the group shut down all Chinese production at the end of 2019. The capacity has been transferred to Samsung's Vietnamese facilities or delegated to contract manufacturers.

Hanoi Times





RELATED STOCK CODE (1)

NEWS SAME CATEGORY

Fuel prices might be adjusted three times per month

Fuel prices may be reviewed and adjusted three times per month instead of two as currently, according to the latest version of a draft decree amending Decree No 83...

Asia Coffee-Vietnam, Indonesia premiums widen on subdued London prices

Trading activities remained tepid in Vietnam as traders await new crop season, while premiums in both markets widened this week to compensate for subdued London...

Viet Nam exports 850 million masks

Vietnamese businesses exported nearly 850 million medical masks in the first eight months of this year.

Viet Nam becomes Japan’s biggest coffee supplier

Viet Nam, the world's biggest producer of robusta, has become the top supplier of coffee beans for Japan as the consumption of instant coffee, which uses robusta...

The factors influencing the future of investment in gold

While gold has long been considered a safe-haven investment in uncertain and highly volatile markets, Exness specialist Michael Stark told VIR’s Quang Minh that it...

Vietnam aims to have locally-made cars: Deputy PM

The government has changed its development strategy for the automobile industry, given the fact that it’s not feasible to produce one entire car in Vietnam.

First batch of fragrant rice to be exported under EVFTA

The first batch of fragrant rice would be shipped to the EU under the EU-Vietnam Free Trade Agreement (EVFTA) by the end of this month, according to the Ministry of...

Viet Nam initiates anti-dumping investigation on sugar imported from Thailand

Viet Nam for the first time will investigate signs of dumping of sugar imported from Thailand, said the Ministry of Industry and Trade (MoIT) on Monday.

Vietnam begins anti-dumping probe into Thai sugar

The Ministry of Industry and Trade (MIT) has launched an anti-dumping and anti-subsidy investigation into sugar products that originate from Thailand following a...

Car imports surge in August

Imports of automobiles surged in August, with high volume from Thailand, Indonesia, and China, according to a report from the General Department of Customs.

Commodity prices


MOST READ


Back To Top