The surge in demand for AI is driving exports of chips, electronics, and high-tech products, creating new growth drivers for many economies, including Viet nam.

According to credit rating agency S&P Global Ratings on June 24, the surge in demand related to artificial intelligence (AI) is driving a boom in technology exports in Asia, boosting economic growth in countries including Viet nam.

In its report titled "Asia Pacific Economic Outlook Q3 2026: AI-Exposed Markets Will Outperform," S&P stated that strong export growth has become a key driver for economies with high-tech manufacturing sectors, including China, South Korea, Viet nam, Singapore , Malaysia, Thailand, and Japan. Technology shipments are likely to continue strong growth in 2026, driven by products such as memory chips, while much of this export growth is driven by price increases rather than production expansion.

The report indicates that in April 2026, the overall value of exports in USD increased by 31.6% year-on-year in South Korea and 17.4% in Taiwan (China), showing significant benefits to the trade balance even amidst sharply rising energy import prices. In most economies where the technology manufacturing sector is of relatively high importance, the positive impact of the technology export boom has outweighed the adverse energy shock.

For Southeast Asia, S&P said the outlook is balanced between strong electronics-related activity, generally stable domestic demand, and energy pressures. In addition to benefiting from the technology export boom, most Southeast Asian economies are seeing investment in data centers, supporting construction, and capital spending.

Overall, S&P slightly lowered its growth forecast for Southeast Asia due to sharp downward revisions in the Philippines and stable forecasts elsewhere, compared to its March outlook, when S&P revised growth projections for several countries. Meanwhile, in the Asia-Pacific region, S&P maintained its 2026 (excluding China) core GDP growth forecast at 4.5% from March, while projecting 2027 growth at 4.4%.

S&P stated that the economic outlook for the Asia-Pacific region is shaped by stable global economic activity, pressures on energy markets, and a boom in exports of AI-based technology.

Source: Vietnam.vn