Vietnam iPhone shipments more than doubles in Q2
iPhone shipments in Vietnam increased 115% year-on-year in the second quarter, accounting for a 15.4% market share, according to Counterpoint Research.
With the significant increase, Apple saw the biggest Q2 growth among brands in the country, indicating a preference among Vietnamese people for premium smartphones, the research firm said.
It said iPhone shipments in Vietnam soared even as that of most competitors dropped. Shipments refer to smartphones that manufacturers like Apple and Samsung send to carriers and retailers.
Counterpoint Research noted in a Wednesday release that Apple was increasing the number of its stores in Vietnam via official distributors, which would help the brand expand its customer reach.
The Vietnamese market has seen a shift in consumer tastes towards high-end phones, it said.

Vietnam smartphone shipments share by key brand, Q2/2022. Source: Counterpoint Research Monthly Vietnam Channel Share Tracker, Q2/2022
Vietnam's total smartphone shipments in Q2 remained nearly flat, dropping 1% year-on-year to 3.2 million units, according to Counterpoint’s Monthly Vietnam Smartphone Channel Share Tracker report.
The numbers reflect the country’s macroeconomic stability, with moderate inflationary pressure, and increased customer spending due to markets regaining normalcy. Increasing exports amid geopolitical conflicts and Covid-19 lockdowns in China have also helped the economy.
New launches, along with customer preference for premium models, played a pivotal role in the Q2 smartphone shipments, the report said.
Samsung’s growth was nearly flat at 3% year-on-year as it struggled with inventories and had to cut production at its Vietnam factories, Counterpoint said.
The Korean giant launched low-to-mid-end devices in its A and M series, which helped the brand maintain its market share. Its high-end S series models were among bestsellers in the premium category in the second quarter.
OPPO was the only Chinese player to see positive growth of 25% year-on-year as its newly launched mid-end models fared well in the market, whereas other players like Xiaomi, Vivo, and Realme saw a decline in their shipments and increase in inventories.
Major Apple market
“Vietnamese people are passionate about premium smartphones. Besides, Apple has recently reduced the prices of older iPhone models in the country, making them among the cheapest in the world. Vietnam is becoming one of the major markets for Apple in Southeast Asia,” Counterpoint said.
Looking to the near future, Counterpoint expects further shipments growth in Q4 given the impending launch of iPhone 14 product line and surging consumer spending during the Lunar New Year season.
While Vietnam has not experienced major economic issues like inflation, it may be affected by the global context in the second half of the year to some extent, according to the research company.
“Manufacturing activities may feel the impact of raw material price increases due to global inflationary pressures, with consumer preference shifting to other essentials.”
At present, Apple is testing Vietnamese manufacturing for the Apple Watch and MacBook Pro, and has moved some iPad production out of China into Vietnam. Apple supplier Foxconn has just invested $300 million to expand its manufacturing in northern Vietnam.

Apple CEO Tim Cook (with glasses, front) visits a Luxshare production line. Photo courtesy of Luxshare.
During a meeting with visiting Vietnamese Prime Minister Pham Minh Chinh in the U.S. this May, Apple CEO Tim Cook said his company expected to extend its supply chains to Vietnam and involve more of the country’s firms. Cook said he was considering increasing domestic suppliers and raising the rate of domestic products used in production lines.
Earlier this month, Cook mentioned Vietnam in the group of emerging markets for Apple. The tech giant reported a 2% increase in revenue to $83 billion for the April-June quarter, including a “near doubling” of revenue in India.
Apple has logged record revenues in both developed as well as emerging markets, with double-digit growth in markets like Brazil, Indonesia, and Vietnam.
The Vietnamese market has not seen an Apple Store presence that matches Singapore and Thailand. However, more and more Apple products have been taking up space at dedicated distribution chains like FPT Studio, TopZone, and Shopdunk Mono Store.
Nguyen Thai Hai Van, who resigned from her post as Grab Vietnam managing director in April, has taken the role of Apple country director in the Vietnamese market. The Vietnamese national said she had started her new post this May. Previously, Apple had placed the Vietnamese market under a regional director.
- Read More
Auto enterprises to enjoy preferential import tariff policies
The Government has issued a decree amending and supplementing Decree No. 26/2023/ND-CP on the export and preferential import tariff schedules, as well as the lists of goods subject to absolute tax, mixed tax, and out-of-quota import duties.
Companies - Fri, July 11, 2025 | 2:13 pm GMT+7
Korean chaebol Samsung’s revenue makes up 13% of Vietnam’s GDP in 2024
Samsung’s revenue and export in Vietnam accounted for approximately 13.12% of the country’s GDP and 13.4% of its total export turnover in 2024, respectively, according to the National Statistics Office.
Companies - Fri, July 11, 2025 | 2:09 pm GMT+7
JPMorgan upgrades Vietnam stocks to overweight following US tariff deal
JPMorgan has upgraded Vietnam stocks to overweight after the country became the first Southeast Asian nation to reach a preliminary tariff deal with the U.S.
Economy - Fri, July 11, 2025 | 11:38 am GMT+7
Vietnam government bond issuance surges nearly 70% in June
The Hanoi Stock Exchange (HNX) held 16 government bond auctions in June, raising nearly VND30.5 trillion ($1.2 billion), up 68.8% from May.
Finance - Fri, July 11, 2025 | 9:30 am GMT+7
Xuan Truong Company asked to make feasibility study for airport proposal in northern Vietnam
The Ministry of Construction has asked Ninh Binh authorities to prepare a feasibility study on the potential development of an international airport in the province, the ministry said in a report submitted to the Government regarding a proposal from private construction company Xuan Truong.
Companies - Fri, July 11, 2025 | 9:18 am GMT+7
Vietnam-US tariff agreement: A strategic turning point toward deeper integration
The tariff agreement between Vietnam and the U.S. marks not only a trade or diplomatic breakthrough but also reflects a long-term strategic vision, bold foreign policy, and Vietnam’s commitment to deep global integration, writes Nguyen Tuan Viet, an export promotion expert and CEO of Vietgo.
Opinion - Fri, July 11, 2025 | 9:00 am GMT+7
Apple supplier Luxshare enjoys 0% corporate income tax in central Vietnam province
China’s Luxshare-ICT, a key supplier to Apple, reported that its subsidiaries in Vietnam’s central province of Nghe An enjoyed a 0% corporate income tax last year.
Companies - Fri, July 11, 2025 | 8:00 am GMT+7
Intel’s 20 years in Vietnam: $1.5 bln invested, 4 bln chips produced
U.S. chip maker Intel has invested over $1.5 billion in its nearly 20 years in Vietnam and exported more than 4 billion products, contributing over $100 billion to Vietnam’s export revenue.
Industries - Thu, July 10, 2025 | 10:05 pm GMT+7
HCMC’s new master plan should prioritize breakthrough growth in finance, high technology, logistics: expert
Ho Chi Minh City should promote university-oriented urban models and innovation ecosystems built on the “quadruple helix” framework - collaboration among the government, universities, businesses, and the community.
Economy - Thu, July 10, 2025 | 9:42 pm GMT+7
UAE tech firm G42, Vietnamese partners plan $2 bln hyperscale data center in southern Vietnam hub
The United Arab Emirates's (UAE) state-backed firm G42 plans to partner with Vietnamese companies to develop a $2 billion hyperscale data center in Vietnam's southern hub Ho Chi Minh City.
Industries - Thu, July 10, 2025 | 4:22 pm GMT+7
Petrovietnam rakes in $19.5 bln in H1 revenue
State-owned Petrovietnam reported total revenue of VND510 trillion ($19.5 billion) in the first half of this year, driven by strong production performance.
Companies - Thu, July 10, 2025 | 4:03 pm GMT+7
Sustained momentum seen across all Vietnam's real estate sectors: Knight Frank
Ho Chi Minh City and Hanoi saw solid office leasing and apartment market rebounds after the Lunar New Year holiday (Tet). Industrial land surged with record H1 supply and strong absorption, underscoring Vietnam's appeal, while eased visa policies and new direct international flights continue to support 5‑star hotels in both the cities, write Knight Frank analysts.
Real Estate - Thu, July 10, 2025 | 2:37 pm GMT+7
Vietnam's maritime heavyweight VIMC to expand container port services, bulk cargo transport
Vietnam Maritime Corporation (VIMC) will increase revenue and profit via expanding operations in areas such as container port services, bulk cargo transport, and shipping of agricultural products and steel, leveraging existing infrastructure and fleet advantages.
Companies - Thu, July 10, 2025 | 2:15 pm GMT+7
Vietnam infrastructure spending surges 40%
Vietnam’s infrastructure spending surged 40% year-on-year in the first half of the year, fuelled by fast-tracked approvals of projects amid provincial mergers; legal reforms granting provinces more decision-making authority over project approvals; and the streamlining of disbursement processes, write chief economist Michael Kokalari and senior analyst Thai Viet Trinh at VinaCapital.
Consulting - Thu, July 10, 2025 | 11:56 am GMT+7
Phu Quoc enters Travel + Leisure’s top luxury destinations
Phu Quoc’s presence in Travel + Leisure’s Asia-Pacific luxury travel rankings continues to affirm the island’s status as a world-class destination.
Companies - Thu, July 10, 2025 | 11:43 am GMT+7
July dividend wave hits Vietnamese market following AGM season
Ending the 2025 AGM season, a series of Vietnamese companies have announced dates for finalizing the list of shareholders eligible for dividends in July.
Finance - Thu, July 10, 2025 | 11:07 am GMT+7