Top Smartwatch Manufacturers & Suppliers in Vietnam: Vietnam Smartwatch Export Data 2024-25

Introduction

Vietnam has quietly but steadily become one of Asia’s most important electronics manufacturing centers. Once known mainly for garment and footwear exports, the country has moved up the value chain into high-tech sectors such as smartphones, computers, and increasingly wearable technology. According to Vietnam export data and Vietnam customs export data of smartwatch, the total value of Vietnam smartwatch exports reached $19.53 billion in 2024, a 20% increase from the previous year. Vietnam exported smartwatches at a total quantity of 73.29 thousand tons in 2024. 

Vietnam is the 4th largest smartwatch exporter in the world with a global export share of 9.8%, as per the global trade data. Among the fastest-growing segments is the smartwatch and wearable device industry, which combines assembly precision, electronics integration, and software coordination. Driven by global brands’ push to diversify their production away from China, Vietnam is now home to several of the world’s top original equipment manufacturers (OEMs) and original design manufacturers (ODMs) responsible for assembling and exporting smartwatches worldwide.

The 2024–2025 export cycle has cemented Vietnam’s position as a global smartwatch production hub. This report examines the country’s smartwatch export data, the top manufacturers and suppliers driving this growth, and the trends shaping the market in 2025 and beyond.

Vietnam Smartwatch Exports by Country: Where Does Vietnam Export Smartwatches?

Vietnam's smartwatch exports are notable, with the country exporting smartwatches to various destinations worldwide. Vietnam has become a major exporter of smartwatches, with a significant portion of its products being shipped to countries all over the world. Major markets for Vietnamese smartwatch exports include the United States, European countries such as Germany, France, and the United Kingdom, as well as Asian countries like Japan and South Korea. 

Vietnam's smartwatch industry continues to thrive, with the country's products gaining popularity and acceptance in global markets. The top 10 export destinations for Vietnam's smartwatch exports, as per Vietnam smartwatch shipment data and Vietnam customs data for 2024-25, include: 

1. USA: $10.74 billion (55%)

The United States stands out as the top destination for Vietnam's smartwatch exports, accounting for a whopping 55% of the total export value, as per the data on Vietnam smartwatch exports to the USA by HS code. With a strong demand for high-quality wearable technology, American consumers have shown a preference for Vietnamese smartwatches, making the US a key market for Vietnam's smartwatch manufacturers.

2. Netherlands: $1.46 billion (7.5%)

The Netherlands is another significant market for Vietnam's smartwatch exports, representing 7.5% of the total export value. Dutch consumers have shown an increasing interest in smartwatch technology, driving demand for Vietnamese products in this European country.

3. United Kingdom: $738.84 million (3.8%)

The United Kingdom holds the third spot in terms of Vietnam's smartwatch exports, accounting for 3.8% of the total export value. British consumers have embraced smartwatch technology, creating a steady market for Vietnamese manufacturers to tap into.

4. China: $675.85 million (3.5%)

Despite being a major player in the global smartwatch market, China still imports a significant amount of smartwatches from Vietnam, making up 3.5% of Vietnam's total smartwatch exports, as per the customs data on Vietnam smartwatch exports to China. Chinese consumers have a diverse range of preferences when it comes to smartwatches, providing Vietnamese manufacturers with ample opportunities to cater to different market segments.

5. Czech Republic: $652.87 million (3.3%)

The Czech Republic is a key market for Vietnam's smartwatch exports, representing 3.3% of the total export value. With a growing tech-savvy population, Czech consumers have shown a keen interest in smartwatch technology, making Vietnam a popular choice for high-quality, affordable smartwatches.

6. Germany: $585.77 million (3%)

Germany is another European country that has emerged as an important market for Vietnam's smartwatch exports, accounting for 3% of the total export value. German consumers have a reputation for their high standards when it comes to technology products, making Vietnam's smartwatches a popular choice in this competitive market.

7. South Korea: $568.33 million (2.9%)

South Korea, known for its cutting-edge technology and innovation, is a key destination for Vietnam's smartwatch exports, representing 2.9% of the total export value. South Korean consumers value quality and performance in their tech products, making Vietnamese smartwatches a sought-after choice in this market.

8. Japan: $390.85 million (2%)

Japan, a tech-savvy nation with a strong demand for innovative gadgets, is a significant market for Vietnam's smartwatch exports, contributing 2% to the total export value. Japanese consumers have a penchant for sleek, stylish smartwatches, making Vietnam's offerings a preferred choice in this competitive market.

9. Hong Kong: $385.08 million (2%)

Hong Kong, a bustling hub of trade and commerce, serves as an important market for Vietnam's smartwatch exports, making up 2% of the total export value. With a diverse consumer base and a high demand for tech products, Hong Kong offers lucrative opportunities for Vietnam's smartwatch manufacturers.

10. Poland: $322.47 million (1.7%)

Poland rounds up the top 10 list of countries where Vietnam exports its smartwatches, representing 1.7% of the total export value. With a growing tech market & a tech-savvy population, Poland presents a promising market for Vietnamese smartwatch manufacturers looking to expand their global reach.

List of Top Smartwatch Manufacturers & Suppliers in Vietnam: Vietnam Smartwatch Exporters Database

In the ever-evolving landscape of wearable technology, Vietnam stands out as a hub for top smartwatch manufacturers and suppliers. The List of Top Smartwatch Manufacturers & Suppliers in Vietnam provides a comprehensive overview of the country's leading players in the industry, showcasing their expertise and product offerings. With the Vietnam Smartwatch Exporters Database, businesses can access detailed information on key manufacturers, facilitating smooth partnerships and efficient smartwatch sourcing processes. The leading smartwatch manufacturers & exporters in Vietnam, as per the Vietnam smartwatch exporters data and smartwatch suppliers list for 2024-25, include: 

Key Observations

1. Highly Concentrated Export Base: The top 3 manufacturers, LXVN, Luxshare ICT, and Pegatron, together account for more than 70% of Vietnam’s total smartwatch export value in 2024. These firms operate under major global contracts, particularly with Apple, Google, & other Western brands.

2. Apple Ecosystem Dominance: A significant portion of Vietnam’s smartwatch exports are Apple Watch models, assembled by Luxshare and GoerTek. Apple’s diversification strategy has made Vietnam a crucial node in its supply chain.

3. Growing Mid-Tier and Domestic Players: Companies like BYD Vietnam and VinSmart are tapping into lower-priced and regional smartwatch markets, signaling Vietnam’s ambition to move beyond contract manufacturing.

4. Diverse Destination Markets: While the United States remains the largest end-market by value, Hong Kong, Taiwan, and Singapore serve as re-export and trade hubs. Emerging destinations include Costa Rica, Germany, and Malaysia.

5. Component Localization Rising: Subcontractors like Foxconn Interconnect Technology and Fenda Vietnam are crucial for reducing dependency on imported mechanical and electronic components.

6. Export Value Outlook for 2025: Based on production expansion and confirmed investments, total smartwatch export value from Vietnam is projected to surpass US$5.5–6 billion in 2025, growing at a compound annual rate of roughly 18–20%.

Summary of the Competitive Landscape

Takeaways 

Vietnam’s smartwatch manufacturing sector in 2024–25 is characterized by:

• Consolidation around major global suppliers (especially Apple-linked OEMs).

• Rapid export growth is supported by trade agreements and infrastructure improvements.

• Emerging localization through component and accessory suppliers.

The top ten exporters listed above account for nearly all smartwatch exports from Vietnam, underlining how the country has become a strategic production base for the global wearable industry.

By 2025, as more capacity comes online from Luxshare, Pegatron, and GoerTek, and as Vietnamese firms like VinSmart gain traction, the nation is poised to become the second-largest smartwatch exporter in Asia, after China.

Vietnam’s Smartwatch & Electronics Export Context

Vietnam’s broader electronics industry provides the foundation for smartwatch manufacturing. In 2024, exports of electronics, computers, and components exceeded US$72 billion, representing strong year-on-year growth and confirming Vietnam as one of the world’s most dynamic export economies.

Phones and related components contributed another US$54 billion, while the wearable and smartwatch category, although smaller, is rapidly expanding within the same ecosystem. The same supply networks that produce smartphones and wireless earbuds now assemble and export millions of smartwatches each year.

This development reflects a deliberate strategy by both multinational corporations and the Vietnamese government: to move from low-value assembly toward high-value, high-tech production.

Vietnam Smartwatch Export Data 2024-2025

Vietnam Customs data and shipment-level data reveal a sharp rise in Vietnam’s smartwatch exports between 2023 and 2024. The figures below represent aggregated shipments for two overlapping categories, “Smart Watch” and “Smartwatch”, both of which cover wearable wrist devices with electronic functionality.

Smart Watch Category (November 2023 – October 2024):

• Total recorded shipments: approximately 4,500.

• Number of active suppliers: around 80–85.

• Top exporter share: the largest company accounted for roughly 27% of all shipments.

• Main destination markets: Taiwan (27%), Hong Kong (24%), and the United States (23%).

Smartwatch Category (September 2023 – August 2024):

• Total recorded shipments: about 16,000–17,000, nearly four times higher than the simpler “Smart Watch” classification.

• Number of active suppliers: around 100–105.

• Top exporter share: the leading company handled approximately 6,000 shipments, or 37% of the total.

• Major destinations: Costa Rica (62%), Hong Kong (34%), and smaller shares to the United States, Singapore, and Japan.

The numbers highlight two important points:

1. A high concentration of exports among a few major suppliers, reflecting large OEM operations serving global brands.

2. The presence of unusual re-export routes, such as Costa Rica and Hong Kong, indicates that many devices are assembled in Vietnam but shipped through third-party logistics or distribution hubs before reaching final consumer markets.

Vietnam Smartwatch Exports in the Last 10 Years: Yearly Vietnam Smartwatch Export Data

Sample Report of Vietnam Smartwatch Export Data 2025

Note: If you want more such exclusive and detailed database reports or import-export data on Vietnam's Smartwatches, contact us at info@tradeimex.in. 

Leading Smartwatch Manufacturers in Vietnam

Vietnam’s smartwatch production base is dominated by a mix of large foreign-invested manufacturers and a few Vietnamese firms supplying parts, modules, or accessories. Below are the principal companies leading the country’s smartwatch exports in 2024–2025.

1. LXVN (Luxshare Precision Industry Vietnam)

LXVN is the clear leader in Vietnam’s smartwatch export statistics, with over 6,000 shipments in the latest reporting year. It is a subsidiary of Luxshare Precision Industry, a major Chinese electronics manufacturer that counts Apple among its key clients.

Luxshare’s operations in Vietnam are vast, covering facilities in Bac Giang and Bac Ninh provinces. These plants assemble several Apple products, including Apple Watch models and AirPods, under the company’s supply contracts.

Key strengths:

• Large-scale automated assembly lines.

• Proven integration of advanced wearable sensors and micro-components.

• Supply chain partnerships for casing, batteries, straps, and modules.

• Experience handling high-complexity, high-volume orders for global tech brands.

LXVN represents Vietnam’s transition into premium wearable production, with quality and process standards matching China’s most advanced plants.

2. Luxshare ICT Vietnam Ltd

Luxshare ICT Vietnam Ltd is part of the same corporate group but focuses more on cables, connectors, and integrated assembly modules. In 2024, it ranked second among Vietnamese smartwatch exporters, with around 2,400 shipments.

The company specializes in connectivity modules, wearable component integration, and final assembly, supplying multiple global brands beyond Apple. Its facilities in Vietnam provide redundancy and flexibility in Luxshare’s broader global network, ensuring continuous supply during geopolitical or trade disruptions.

Competitive advantages:

• Deep expertise in miniaturized electronics.

• Ability to deliver both final products and intermediate assemblies.

• High productivity and scalability through automation.

Luxshare ICT Vietnam’s expansion is a signal that the Vietnamese wearable ecosystem now includes not just final assembly but also sophisticated component production.

3. Pegatron Vietnam Co., Ltd.

Pegatron, a Taiwanese contract manufacturer and one of the world’s largest electronics assemblers, has rapidly expanded its footprint in Vietnam.

With approximately 650–700 smartwatch-related shipments in 2024, Pegatron Vietnam is among the top three smartwatch exporters in the country. The company’s factories in Hai Phong province are designed for flexibility, handling various consumer electronics from laptops to smart devices.

Key strengths:

• Strong engineering and design-for-manufacturing capabilities.

• Deep relationships with global technology clients, including Apple, Asus, and Microsoft.

• Competitive labor efficiency and large-scale production infrastructure.

Pegatron’s expansion reflects Vietnam’s growing importance as a full-scale production alternative to mainland China for high-end electronics.

4. GoerTek Technology Vina Co., Ltd.

GoerTek is another Chinese electronics giant with major facilities in Vietnam, located primarily in Bac Ninh province.

In smartwatch-specific exports, GoerTek Technology Vina leads the “Smart Watch” category with roughly 650 shipments between late 2023 and 2024, accounting for about 27% of that segment.

GoerTek’s production in Vietnam includes audio components, wearable electronics, and smart sensors, with clients such as Apple, Sony, and Samsung. The company is known for precision engineering and mass production of small form-factor devices.

Key strengths:

• Mastery in miniature assembly and sensor calibration.

• Integration of speaker, microphone, and motion modules.

• Consistent quality suited for wearable devices requiring durability and precision.

5. Goertek Vina Smart Technology Co., Ltd.

A subsidiary of GoerTek Group, this unit focuses on smart device assembly, including smartwatches and fitness trackers. With approximately 300 shipments in the latest export cycle, it plays a supporting role in GoerTek’s broader network.

The company’s specialization in finished device assembly complements GoerTek Technology Vina’s focus on components, ensuring end-to-end capability within Vietnam.

6. Samsung Electronics Vietnam

Although Samsung’s smartwatch export volumes from Vietnam are not as large as those of Luxshare or Pegatron, the company exports significant quantities of smartwatch components and subassemblies from its vast production complexes in Bac Ninh and Thai Nguyen.

Samsung’s role is strategic: its facilities produce displays, chips, and modules that feed into smartwatch production both within Vietnam and abroad. This supports Vietnam’s integration into global supply chains not just as an assembler but as a supplier of key electronic parts.

7. Fenda Vietnam Technology Co., Ltd.

Fenda specializes in audio and consumer electronics, exporting various smart device components, including watch housings, charging docks, and Bluetooth modules. While not among the top exporters by shipment count, Fenda represents the growing tier of mid-sized suppliers supporting the larger OEMs.

8. Emerging Local Players

Vietnamese-owned firms are gradually entering the smartwatch value chain, mainly as suppliers of packaging materials, straps, and smaller plastic or metal parts. Companies in Ho Chi Minh City, Bac Giang, and Hai Phong are expanding their capabilities to meet the quality standards required by major exporters.

Although their direct export share remains limited (typically below 5%), these firms are vital for developing domestic value addition and reducing import dependency.

Vietnam’s Smartwatch Market Leadership: Garmin Takes One-Third of the Market

In 2025, Garmin emerged as the dominant smartwatch brand in Vietnam, capturing 32% of the total market share by value and one-third of Vietnam’s smartwatch market, according to data from IDC. This marks the first time Garmin has taken the top spot in the country’s competitive wearable market, a milestone driven by its strong alignment with Vietnamese consumers’ lifestyle and fitness trends.

With more than 480,000 active users in Vietnam, representing a 50% year-on-year increase, Garmin now leads the Asia–Pacific region in customer expansion rate. Its rise reflects a broader evolution in how Vietnamese consumers view smartwatches: not merely as tech gadgets, but as essential health and wellness companions.

Destination Markets for Vietnam’s Smartwatches

The geographic distribution of Vietnam’s smartwatch exports offers insight into the global structure of this trade.

• Taiwan and Hong Kong serve as major logistics and re-export hubs. Many devices shipped there are later distributed to final markets in the United States, Europe, and Japan.

• The United States remains a key end market, directly receiving about one-quarter of Vietnam’s “Smart Watch” shipments.

• Costa Rica appears prominently in customs data for “Smartwatch” exports, likely due to its role as a bonded logistics and assembly transfer point for North and Latin American markets.

• Other destinations include Singapore, Malaysia, the Netherlands, and Germany, reflecting the diversification of global distribution centers.

These patterns demonstrate how Vietnam fits into complex multinational supply networks where assembly, logistics, and final sales often occur across multiple borders.

Smartwatch Market Trends & Industry Dynamics (2024–2025)

1. Rapid Growth in Wearable Exports

Vietnam’s wearable export volumes are rising sharply alongside the broader electronics sector. With global smartwatch demand growing around 8–10% annually, Vietnam’s share of world production continues to climb. The country now ranks among the top three smartwatch manufacturing hubs globally, behind China and India.

2. Supply Chain Diversification from China

The dominant trend driving this growth is the strategic relocation of manufacturing capacity from China to Vietnam. Trade tensions, tariffs, and risk diversification have prompted Apple, Google, and other tech firms to expand production through Vietnamese partners like Luxshare, Pegatron, and GoerTek.

This shift has turned Vietnam into a key pillar of the global wearable supply chain.

3. Expansion of Mid-Range Product Segment

Domestic demand within Vietnam is growing, particularly for mid-range smartwatches priced between US$100 and US$250. Local consumers increasingly value fitness tracking, health monitoring, and connectivity features, spurring brands like Huawei, Xiaomi, and Samsung to introduce localized models.

This trend encourages both multinational and local assembly plants to diversify their product portfolios and develop more affordable models suited for emerging markets.

4. Vertical Integration and Localization

Major manufacturers are deepening their investments to include component production. Battery suppliers, PCB assemblers, and casing manufacturers are setting up nearby to reduce logistics costs and improve supply resilience.

Vietnamese suppliers are also climbing the value chain by developing capabilities in molding, CNC machining, and electronics packaging. The goal is to increase domestic content in smartwatches from the current estimated 20–25% to 40% or more within the next few years.

5. Trade Policy Tailwinds

Vietnam’s participation in multiple trade agreements, including the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the EU–Vietnam Free Trade Agreement (EVFTA), and the Regional Comprehensive Economic Partnership (RCEP), gives its smartwatch exports significant tariff advantages.

These agreements also incentivize multinational companies to base production in Vietnam to qualify for preferential access to major markets.

6. Challenges Ahead

Despite the progress, Vietnam’s smartwatch manufacturing faces several challenges:

• Component import dependency: critical items such as chipsets, sensors, and display modules still come primarily from China, Taiwan, and South Korea.

• Workforce training: as smartwatch assembly involves high precision, upskilling the labor force remains essential.

• Margin pressure: competition among OEMs can squeeze profitability.

• Environmental concerns: regulations around e-waste and battery disposal are tightening globally, requiring compliance investments.

Outlook for 2025 and Beyond

By the end of 2025, Vietnam is expected to strengthen its position as one of the top global centers for smartwatch production. The key developments likely to shape this trajectory include:

1. Further Expansion by Major OEMs: Luxshare, GoerTek, and Pegatron are planning additional factory expansions to handle higher production volumes for next-generation devices.

2. Entry of New Global Brands: Google and other tech companies are evaluating Vietnam as a secondary production base for wearables, following the path established by Apple and Samsung.

3. Greater Component Localization: Vietnam’s industrial parks are attracting suppliers of chips, sensors, and batteries, paving the way for more integrated domestic supply chains.

4. Rise of Domestic Brands: As technology becomes more accessible, Vietnamese start-ups may begin launching locally designed smartwatches tailored to regional needs, such as health tracking or outdoor sports.

5. Sustainability and ESG Compliance: Environmental, social, and governance standards will become a critical part of export competitiveness. OEMs are already adopting renewable energy sources and stricter waste-management protocols in their factories.

Conclusion and Final Thoughts 

Vietnam’s smartwatch export story is a clear illustration of how the country has evolved into a sophisticated manufacturing powerhouse. In just a few years, it has transitioned from assembling phones and earbuds to producing advanced wearable devices for global technology leaders. With over 16,000 smartwatch shipments recorded in the 2024 cycle and a growing roster of elite manufacturers, including Luxshare (LXVN), Pegatron, GoerTek, and Samsung, Vietnam is no longer an emerging player but a central node in the global wearable supply chain.

The combination of cost competitiveness, political stability, and integration into major trade agreements gives Vietnam a strategic advantage that few other nations can match. As the global demand for health-centric, connected devices continues to rise, Vietnam’s role in shaping the next generation of wearable technology is set to expand even further through 2025 and beyond.

We hope that you liked our data-driven and insightful blog report on the top smartwatch manufacturers & suppliers in Vietnam. For the latest Vietnam import-export data, or to search live data on Vietnam smartwatch exports by country or company, visit VietnamExportdata. Contact us at info@tradeimex.in for customized trade reports, market insights, and a verified database of the top smartwatch suppliers and exporters in Vietnam, as per your business requirements.