Electronic Components Comprehensive Report Q2/2019
VIETNAM ELECTRONIC COMPONENTS INDUSTRY
The Electronic Components Industry is an supporting industry that provides details to assembly complete products, which plays an important role in the development of the Electronics industry. In 2018, the total value of components production value was estimated to rise by 7,1% compared to 2017 and was growing at an annual rate of 14.6% in the period of 2012 - 2018.
Domestic electronic components production was increasing, the consumption value of the electronic components industry in 2018 increased dramatically by 37,6% compared to the previous year due to the increasing demand of multinational electronics groups in Vietnam such as Samsung, LG, Nokia,.. However, due to the failure to meet the products required by FDI enterprises, Vietnamese enterprises are mainly packaging with simple plastic and metal parts, receiving the lowest value-added part, not able to receive high technology.
Of all the total export value in Q1/2019, 2 main items in the electronics industry which were phones and components, computers, electronic products and electronic components, contributed the most to the export turnover, accounting for 29.3% of the total export turnover.
In 2017, The Government issued Decision No. 68/QD-TTg on the Supporting Industry Development Program from 2016 to 2025 in order to seriously implement the development of Vietnam's supporting industry as a premise for the development of manufacturing and processing industry. Vietnam's participation in many trade agreements in the coming time will help attract foreign investment strongly, especially for direct investment capital, technology transfer promotion, improving business management qualifications, increasing production and business efficiency.
The Electronic Components Industry is an supporting industry that provides details to assembly complete products, which plays an important role in the development of the Electronics industry. In 2018, the total value of components production value was estimated to rise by 7,1% compared to 2017 and was growing at an annual rate of 14.6% in the period of 2012 - 2018.
Domestic electronic components production was increasing, the consumption value of the electronic components industry in 2018 increased dramatically by 37,6% compared to the previous year due to the increasing demand of multinational electronics groups in Vietnam such as Samsung, LG, Nokia,.. However, due to the failure to meet the products required by FDI enterprises, Vietnamese enterprises are mainly packaging with simple plastic and metal parts, receiving the lowest value-added part, not able to receive high technology.
Of all the total export value in Q1/2019, 2 main items in the electronics industry which were phones and components, computers, electronic products and electronic components, contributed the most to the export turnover, accounting for 29.3% of the total export turnover.
In 2017, The Government issued Decision No. 68/QD-TTg on the Supporting Industry Development Program from 2016 to 2025 in order to seriously implement the development of Vietnam's supporting industry as a premise for the development of manufacturing and processing industry. Vietnam's participation in many trade agreements in the coming time will help attract foreign investment strongly, especially for direct investment capital, technology transfer promotion, improving business management qualifications, increasing production and business efficiency.
ABBREVIATIONS
EXECUTIVE SUMMARY
1. BUSINESS ENVIRONMENT
1.1. Macroeconomic situation
1.2. Legal framework
1.3. Impact of free trade agreement
2. INDUSTRY OVERVIEW
2.1. Global market
2.1.1. Definition and classification
2.1.2. The process of manufacturing electronic components
2.1.3. Network model of production in the electronics industry
2.1.4. Methods of producing electronic components
2.1.5. Production and consumption
2.1.6. Imports and exports
2.1.7 Price Movements
2.1.8. Situation of production and consumption in some typical countries
2.1.9. Leading companies in the industry
2.2. Vietnam market
2.2.1. History of industry establishment and development
2.2.2. Value chains in electronics industry
2.2.3. Production technology
2.2.4. Input materials
2.2.5. Production
2.2.6. Consumption
2.2.7. Import and export
2.2.8. Analysis of business activities by regions
2.3. Industry risks
2.4. Industry development planning
2.5. Outlook and forecasts
2.5.1. Driving forces for industry development
2.5.2. Forecasting industry outlook
3. ENTERPRISE ANALYSIS
3.1. Introduction of enterprises
3.2. Financial analysis
4. APPENDIX OF FINANCIAL STATEMENT
EXECUTIVE SUMMARY
1. BUSINESS ENVIRONMENT
1.1. Macroeconomic situation
1.2. Legal framework
1.3. Impact of free trade agreement
2. INDUSTRY OVERVIEW
2.1. Global market
2.1.1. Definition and classification
2.1.2. The process of manufacturing electronic components
2.1.3. Network model of production in the electronics industry
2.1.4. Methods of producing electronic components
2.1.5. Production and consumption
2.1.6. Imports and exports
2.1.7 Price Movements
2.1.8. Situation of production and consumption in some typical countries
2.1.9. Leading companies in the industry
2.2. Vietnam market
2.2.1. History of industry establishment and development
2.2.2. Value chains in electronics industry
2.2.3. Production technology
2.2.4. Input materials
2.2.5. Production
2.2.6. Consumption
2.2.7. Import and export
2.2.8. Analysis of business activities by regions
2.3. Industry risks
2.4. Industry development planning
2.5. Outlook and forecasts
2.5.1. Driving forces for industry development
2.5.2. Forecasting industry outlook
3. ENTERPRISE ANALYSIS
3.1. Introduction of enterprises
3.2. Financial analysis
4. APPENDIX OF FINANCIAL STATEMENT
LIST OF TABLES
Table 1: Major FDI projects in electronics industry of Vietnam
Table 2: Commitment to reduce import tariffs in the WTO for electronic products
Table 3: Value of production and export - import of Korean electronic components, 2015 – 2017e
Table 4: List of the 10 largest global semiconductor vendors in revenue, 2017-2018
Table 5: Requirements of multinational corporations for components vendors
Table 6: Metal in some electronic components
Table 7: Production of major electronic components products in Vietnam, 2010 - 3M/2019
Table 8: Production output of several types of computers, electronic products and regional components, 3M/2019
Table 9: Some FDI projects invested in electronic components industry, 2014 – 3M/2019
Table 10: Sales volume of some types of computers, electronic products and regional components, 2M/2019
Table 11: Demand for electronic components of Canon Vietnam
Table 12: Demand for electronic components of Intel
Table 13: Top 15 enterprises exporting all kinds of phones and components with the largest turnover, Q1/2019
Table 14: Top 10 enterprises importing the largest phones and accessories with the largest turnover, Q1/2019
Table 15: Computers, electronic products and imported components, Q1/2019
Table 16: List of a project of Electronic Industry calling for foreign direct investment (FDI) in Hai Phong city in the period of 2018 - 2025
Table 17: Minimum wage by region in Vietnam from January 1, 2019
Table 18: Performance evaluation indicators, 2018
Table 1: Major FDI projects in electronics industry of Vietnam
Table 2: Commitment to reduce import tariffs in the WTO for electronic products
Table 3: Value of production and export - import of Korean electronic components, 2015 – 2017e
Table 4: List of the 10 largest global semiconductor vendors in revenue, 2017-2018
Table 5: Requirements of multinational corporations for components vendors
Table 6: Metal in some electronic components
Table 7: Production of major electronic components products in Vietnam, 2010 - 3M/2019
Table 8: Production output of several types of computers, electronic products and regional components, 3M/2019
Table 9: Some FDI projects invested in electronic components industry, 2014 – 3M/2019
Table 10: Sales volume of some types of computers, electronic products and regional components, 2M/2019
Table 11: Demand for electronic components of Canon Vietnam
Table 12: Demand for electronic components of Intel
Table 13: Top 15 enterprises exporting all kinds of phones and components with the largest turnover, Q1/2019
Table 14: Top 10 enterprises importing the largest phones and accessories with the largest turnover, Q1/2019
Table 15: Computers, electronic products and imported components, Q1/2019
Table 16: List of a project of Electronic Industry calling for foreign direct investment (FDI) in Hai Phong city in the period of 2018 - 2025
Table 17: Minimum wage by region in Vietnam from January 1, 2019
Table 18: Performance evaluation indicators, 2018
LIST OF FIGURES
Figure 1: GDP growth rate by quarter, 2016 – 2019
Figure 2: Production value of electronics industry, 2010-2018e
Figure 3: VND/USD exchange rates, 1/2013 – 3/2019
Figure 4: Interest rates, 2012 – 2018
Figure 5: Labor productivity in Vietnam, 2011-2018e
Figure 6: Total population and population structure in working age from 2010 to 2018
Figure 7: Most exported goods, Q1/2019
Figure 8: The proportion of import-export value of electronics, computers, phones and components, 2010 – Q1/2019
Figure 9: Most imported goods, Q1/2019
Figure 10: Foreign direct investment, 2016 - 2019
Figure 11: Attracting FDI by sector, Q1/2019
Figure 12: Total value of manufacturing global electronic components,2010 – 2018e
Figure 13: Global production structure of electronics and information technology by type, 2018e
Figure 14: Growth rate of the global electronics industry by region, 2016 - 2018e
Figure 15: Market share of semiconductor devices, 2018e
Figure 16: Global semiconductor market revenue, 2012 - 2019f
Figure 17: Revenue of semiconductor equipment by each product type, 2018e
Figure 18: World tablet sales, Q1/2016-Q1/2019
Figure 19: Market share of world tablet, Q1/2018-Q1/2019
Figure 20: World personal computer sales, 3M/2018-3M/2019
Figure 21: Market share of personal computer manufacturers, 3M/2019
Figure 22: World smartphone sales in the first 3 months of the year, 2018-2019
Figure 23: Market share of global smartphone manufacturers, 3M/2018 – 3M/2019
Figure 24: Market share of some typical HS codes, 2012 - 2018
Figure 25: Value of world electronic components import, 2012 - 2018e
Figure 26: World electronic component price index, 1/2013 - 3/2019
Figure 27: Average price sensor and memory (DRAM) over the years, 2011 - 2018e
Figure 28: Semiconductor market sales in the world's largest producing countries, 2016 - 2020f
Figure 29: Value of electronic components production in Japan, 2010 - 2018
Figure 30: Japanese equipment manufacturing structure in electronics and information technology, 2018e
Figure 31: Export - import Japanese electronic components, 2010-2018
Figure 32: Import and export structure Integrated circuit of Japan's total import-export turnover of electronic components, 2010-2018
Figure 33: China's electronics industry revenue,2012-2018
Figure 34: Scale of semiconductor equipment market of China, 2010-2018
Figure 35: Chinese Integrated Circuit Production, 2010 - 2018
Figure 36: Market share of DRAM revenue, 2016 - 2018
Figure 37: Localization rate of Japanese electronics enterprises in some countries, 2015
Figure 38: Global value chain of Samsung and Vietnam
Figure 39: Origin of machinery and technology in Vietnam Spare Parts Industry, 2016
Figure 40: Application of modern standards and management tools in the production of spare parts in Vietnam, 2016
Figure 41: Prices of input materials (aluminum, copper, iron) electronic components, 4/2012-3/2019
Figure 42: Prices of input materials (gold, silver, palladium) electronic components, 4/2012-3/2019
Figure 43: Production value of electronic components industry, 2011 - 2018e
Figure 44: Electronic components production structure by type, 2018e
Figure 45: Industrial production index of electronic components industry by month,2017 - 2018 (Calculated by original in 2015)
Figure 46: Supply structure of electronic components 2015
Figure 47: Mobile phone production over the months, 2018-2019
Figure 48: The structure of Vietnam's telephone production by region, 3M/2019
Figure 49: Number of enterprises and workers in the Electronic Components industry, 2010 - 2017
Figure 50: Classification of electronic components enterprises by region, 2016 - 2017
Figure 51: Total fixed assets and average long-term investments,2010 - 2017
Figure 52: Net revenue and profit before tax of enterprises of Electronic Components Industry, 2010 - 2017
Figure 53: Consumption value of electronic components, 2012 - 2018e
Figure 54: The rate of smartphone use in Vietnam by region, 2017
Figure 55: Exporting Vietnamese phones and accessories over the years of 2018-2019
Figure 56: Market structure of phones and export components, Q1/2019
Figure 57: Whole cell phone and export phone parts of Vietnam, Q1/2019
Figure 58: Market share of telephone companies in the European market, Q1/2019
Figure 59: Import turnover of phones and phone components, 2010 – 2018e
phone components for Vietnam, Q1/2019
Figure 60: Market structure provides phones and phone components for Vietnam, Q1/2019
Figure 61: Export turnover of computers, electronic products and components of Vietnam, 2010 - Q1/2019
Figure 62: Export structure of computers, electronic products and components according to Vietnamese enterprises, Q1/2019
Figure 63: Top 10 export markets for computers, electronic products and components of Vietnam,Q1/2019
Figure 64: Top 10 export items with the highest ratio of FDI, 3M/2019
Figure 65: Import turnover of computers, electronic products and
components, 2011 - Q1/2019
Figure 66: Import structure of computers, electronic products and components according to Vietnamese enterprises, Q1/2019
Figure 67: Top 10 markets providing Vietnamese computers, electronic products and components, 3T/2019
Figure 68: Number of smart phones and function phones, 2013-2019e
Figure 69: Revenue of domestic electronics technology groups, 3M/2019
Figure 70: Revenue and growth of Vietnam electronics market, Q3/2014 - Q1/2019
Figure 71: Net revenue from sales and services, 2017-2018
Figure 72: Sales of Samsung Bac Ninh and Samsung Thai Nguyen, 2011 - 2018
Figure 73: Gross profit and gross profit margin of enterprises, 2017-2018
Figure 74: Selling expenses and administrative expenses, 2018
Figure 75: Asset structure, 2018
Figure 76: Capital structure, 2018
Figure 77: Solvency, 2018
Figure 78: Efficiency of asset using, 2018
Figure 1: GDP growth rate by quarter, 2016 – 2019
Figure 2: Production value of electronics industry, 2010-2018e
Figure 3: VND/USD exchange rates, 1/2013 – 3/2019
Figure 4: Interest rates, 2012 – 2018
Figure 5: Labor productivity in Vietnam, 2011-2018e
Figure 6: Total population and population structure in working age from 2010 to 2018
Figure 7: Most exported goods, Q1/2019
Figure 8: The proportion of import-export value of electronics, computers, phones and components, 2010 – Q1/2019
Figure 9: Most imported goods, Q1/2019
Figure 10: Foreign direct investment, 2016 - 2019
Figure 11: Attracting FDI by sector, Q1/2019
Figure 12: Total value of manufacturing global electronic components,2010 – 2018e
Figure 13: Global production structure of electronics and information technology by type, 2018e
Figure 14: Growth rate of the global electronics industry by region, 2016 - 2018e
Figure 15: Market share of semiconductor devices, 2018e
Figure 16: Global semiconductor market revenue, 2012 - 2019f
Figure 17: Revenue of semiconductor equipment by each product type, 2018e
Figure 18: World tablet sales, Q1/2016-Q1/2019
Figure 19: Market share of world tablet, Q1/2018-Q1/2019
Figure 20: World personal computer sales, 3M/2018-3M/2019
Figure 21: Market share of personal computer manufacturers, 3M/2019
Figure 22: World smartphone sales in the first 3 months of the year, 2018-2019
Figure 23: Market share of global smartphone manufacturers, 3M/2018 – 3M/2019
Figure 24: Market share of some typical HS codes, 2012 - 2018
Figure 25: Value of world electronic components import, 2012 - 2018e
Figure 26: World electronic component price index, 1/2013 - 3/2019
Figure 27: Average price sensor and memory (DRAM) over the years, 2011 - 2018e
Figure 28: Semiconductor market sales in the world's largest producing countries, 2016 - 2020f
Figure 29: Value of electronic components production in Japan, 2010 - 2018
Figure 30: Japanese equipment manufacturing structure in electronics and information technology, 2018e
Figure 31: Export - import Japanese electronic components, 2010-2018
Figure 32: Import and export structure Integrated circuit of Japan's total import-export turnover of electronic components, 2010-2018
Figure 33: China's electronics industry revenue,2012-2018
Figure 34: Scale of semiconductor equipment market of China, 2010-2018
Figure 35: Chinese Integrated Circuit Production, 2010 - 2018
Figure 36: Market share of DRAM revenue, 2016 - 2018
Figure 37: Localization rate of Japanese electronics enterprises in some countries, 2015
Figure 38: Global value chain of Samsung and Vietnam
Figure 39: Origin of machinery and technology in Vietnam Spare Parts Industry, 2016
Figure 40: Application of modern standards and management tools in the production of spare parts in Vietnam, 2016
Figure 41: Prices of input materials (aluminum, copper, iron) electronic components, 4/2012-3/2019
Figure 42: Prices of input materials (gold, silver, palladium) electronic components, 4/2012-3/2019
Figure 43: Production value of electronic components industry, 2011 - 2018e
Figure 44: Electronic components production structure by type, 2018e
Figure 45: Industrial production index of electronic components industry by month,2017 - 2018 (Calculated by original in 2015)
Figure 46: Supply structure of electronic components 2015
Figure 47: Mobile phone production over the months, 2018-2019
Figure 48: The structure of Vietnam's telephone production by region, 3M/2019
Figure 49: Number of enterprises and workers in the Electronic Components industry, 2010 - 2017
Figure 50: Classification of electronic components enterprises by region, 2016 - 2017
Figure 51: Total fixed assets and average long-term investments,2010 - 2017
Figure 52: Net revenue and profit before tax of enterprises of Electronic Components Industry, 2010 - 2017
Figure 53: Consumption value of electronic components, 2012 - 2018e
Figure 54: The rate of smartphone use in Vietnam by region, 2017
Figure 55: Exporting Vietnamese phones and accessories over the years of 2018-2019
Figure 56: Market structure of phones and export components, Q1/2019
Figure 57: Whole cell phone and export phone parts of Vietnam, Q1/2019
Figure 58: Market share of telephone companies in the European market, Q1/2019
Figure 59: Import turnover of phones and phone components, 2010 – 2018e
phone components for Vietnam, Q1/2019
Figure 60: Market structure provides phones and phone components for Vietnam, Q1/2019
Figure 61: Export turnover of computers, electronic products and components of Vietnam, 2010 - Q1/2019
Figure 62: Export structure of computers, electronic products and components according to Vietnamese enterprises, Q1/2019
Figure 63: Top 10 export markets for computers, electronic products and components of Vietnam,Q1/2019
Figure 64: Top 10 export items with the highest ratio of FDI, 3M/2019
Figure 65: Import turnover of computers, electronic products and
components, 2011 - Q1/2019
Figure 66: Import structure of computers, electronic products and components according to Vietnamese enterprises, Q1/2019
Figure 67: Top 10 markets providing Vietnamese computers, electronic products and components, 3T/2019
Figure 68: Number of smart phones and function phones, 2013-2019e
Figure 69: Revenue of domestic electronics technology groups, 3M/2019
Figure 70: Revenue and growth of Vietnam electronics market, Q3/2014 - Q1/2019
Figure 71: Net revenue from sales and services, 2017-2018
Figure 72: Sales of Samsung Bac Ninh and Samsung Thai Nguyen, 2011 - 2018
Figure 73: Gross profit and gross profit margin of enterprises, 2017-2018
Figure 74: Selling expenses and administrative expenses, 2018
Figure 75: Asset structure, 2018
Figure 76: Capital structure, 2018
Figure 77: Solvency, 2018
Figure 78: Efficiency of asset using, 2018
