This single category now accounts for nearly 32% of the nation's total import value and, remarkably, has already exceeded its import total for the entire year of 2020.
Vietnam is an important partner of India's supply chain diversification strategy, according to the Chairman of India’s Electronics and Computer Software Export Promotion Council.
Vietnam’s electronics sector has been attracting more domestic and foreign investors. The computers and electronic components group has surpassed textiles to become the second-largest main export category. Phones and electronic components posted the largest export value in the first quarter, reaching $14.23 billion, or 16 per cent of the total.
