Hanoi, Vietnam, Dec. 13 -- The bank said, thanks to Samsung's consistent investment as early as 2007, the nation has been transformed into a major manufacturing centre, producing half of Samsung's smartphones.
Viet Nam's share of phone-related exports has seen a notable jump from almost zero in less than 15 years, though it has seen some recent moderation.
Besides consumer electronics, Viet Nam is also becoming increasingly important in producing processor ICs - a higher value-add segment than just electronics assembly. This is almost entirely thanks to investment from Intel, which produces 90 percent of global processor chips.
HSBC noted that in 2013, 60 percent of Viet Nam's goods exports to the U.S. were in light manufacturing sectors...