According to data from the Vietnam Customs, as of November 15, electronics exports reached nearly 143 billion USD. Shipments of computers, electronic products and components totalled 92.13 billion USD, up 48.3%, while phones and components posted nearly 51 billion USD, a year-on-year rise of 5%.
As an investment attraction of numerous leading technology corporations, Vietnam sees many opportunities to attract foreign direct investment (FDI) into electronic components manufacturing.
It is critical for the electronics industry to enhance its resilience against global shocks, take the opportunities arising from global production and participate deeply in the global supply chain.
The electronics industry has seen good progress in recent years, accounting for about 18% of the total industrial production value and more than 30% of the total export revenue of the country.
The increased inflow of investment from foreign investors into Vietnam’s electronics industry is expected to create a positive outlook for the country’s exports of computers, electronic products, and components in the time to come.
The total newly registered and adjusted investment capital that poured into the northern province of Bac Ninh’s industrial parks (IPs) in July hit 59.96 million USD. Of the sum, 36.41 million USD was foreign direct investment (FDI).
Southeast Asia has gained credence in the global economy since the onslaught of the COVID-19 pandemic and the Russia - Ukraine conflict, according to The Straits Times.
The flexibly adaptable economy, which will recover in 2022, is forecast to make the Vietnamese labour market thrive, towards achieving the goals regarding labour, employment and social security.
The electronics industry will continue posting strong growth this year thanks to the strong demand for devices for communications and remote work amid the COVID-19 pandemic, the Ministry of Industry and Trade (MoIT) forecast.
Vietnam’s electronics industry, an increasingly important sector of the country’s economy, continues to grow despite the negative impact of the COVID-19 pandemic, according to the Ministry of Industry and Trade (MoIT).
Vietnam’s electronics industry is still growing despite the impact of the COVID-19 pandemic, said an article published on newswire entrepreneur.com on August 19.
The electronics industry is forecast to have a robust year, driven by the increase in demand for communications’ products due to demand caused by social distancing measures implemented to tackled rising cases of COVID-19, according to the Ministry of Industry and Trade.
The Vietnamese economy has fared better than most during the COVID-19 pandemic and is well placed to capture renewed FDI interest, according to an article posted on the UK website lexology.com on June 23.
Singapore’s electronics industry - particularly semiconductors - has outperformed other segments of the economy amid the coronavirus-induced recession and will remain a major source of employment, Minister of Trade and Industry Chan Chun Sing said at a recent press conference.
The production index of electronic goods for the first 10 months of the year increased by more than 17 percent year-on-year, according to the HCM City Department of Industry and Trade.
