Vietnam's electronics industry appeals to foreign investors: entrepreneur.com

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.
Vietnam's electronics industry appeals to foreign investors: entrepreneur.com ảnh 1Illustrative photo (Source: VNA)
Hanoi (VNA) - 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 article noted in recent years, the country has implemented some trade agreements with other countries and flexible policies to attract foreign investors and this would open opportunities for entrepreneurs as the industry plays an important role in Vietnam’s economy.

It was estimated Vietnam is one of the key electronics exporters ranking 12th place in the world, the author wrote, adding that there has been a steady increase in the nation’s exports with an average of 12 billion USD per year. The import of electronic products has nearly doubled between 2015 and 2019. Vietnam’s electronics industry is diverse.

The article also mentioned advantages the market offers investors. It said the Regional Comprehensive Economic Partnership will help lower tariffs on trade.

In addition, Vietnam has signed a free trade agreement with the EU, which will gradually reduce most tariffs, regulatory barriers, and red tape which should create opportunities for both sides to do business. The Vietnamese government will provide incentive scheme implementing a 30 percent corporate income tax (CIT) cut for certain business and companies working in the high-tech sector as well as in high-tech and specific industrial zones, and underdeveloped socio-economic regions.

According to the article, a new wave of the COVID-19 pandemic in Vietnam has resulted in lockdowns, restrictions and disruption to supply chains, and businesses shutdown. Despite such negative impact, plenty of foreign investors have chosen Vietnam as a top destination to set up their electronics production bases./. 
VNA

See more

At the February 14 meeting between Lao Prime Minister Sonexay Siphandone and a delegation of Vietnamese businesses and international enterprises from various countries. (Photo: VNA)

Vietnam strengthens business and investment ties in Laos

Highlighting Laos's vast potential for trade and investment cooperation, Lao Prime Minister Sonexay Siphandone said that Laos is an attractive investment destination, particularly in agriculture, tourism, logistics, and infrastructure development.

Lao government officials and representatives of Vietnamese businesses at the seminar (Photo: VNA)

Vietnamese firms eye investment in Laos

He reaffirmed Laos as a key investment destination for Vietnamese and global firms, highlighting opportunities in agriculture, tourism, logistics, and infrastructure.

Vice Chairman of the Bac Giang People's Committee Mai Son (Photo: bacgiang.gov.vn)

Bac Giang speeds up non-state budget investment projects

In the coming period, the northern province of Bac Giang will focus on addressing challenges to non-state budget investment projects and expediting their progress, affirmed Vice Chairman of the provincial People's Committee Mai Son.

Representatives from industry associations share insights on Vietnam’s market trends. (Photo: VNA)

Vietnam, Thailand boost industrial trade exchange

Trade between Vietnam and Thailand reached 20.18 billion USD in 2024, up 6.4% year-on-year. Thailand remained Vietnam’s top ASEAN trade partner, accounting for 24% of its total trade with the bloc.

Representatives from Lao and Vietnamese agencies at the signing ceremony. (Photo: VNA)

Vietnam, Laos strengthen energy cooperation

A 1,200 MW wind power plant in Nong district, Laos’ Savannakhet province is expected to export 1,526 kWh to Vietnam annually once its first phase completes by the end of 2027, and additionally 1,112 million kWh per year after its second phase becomes operational in 2030./

A view of the Hanoi skyline. While rental properties continue to be in demand, there has also been a notable rise in the number of foreigners looking to buy houses. (Photo: VNA)

Housing demand from foreigners in Hanoi rises

Over several years, Hanoi has increasingly become an attractive destination for foreign workers, with approximately 10,000 new foreign workers are granted licences to work in the city each year.