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.
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./.
Vietnamese supporting industry enterprises for the electronics industry participate in the value chain, however, most of them only provide simple products with low technology and value.
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.
Vietnam is a potential market for British firms operating in the electronics industry, Do Nhat Hoang, Director of the Vietnamese Ministry of Planning and Investment’s Foreign Investment Agency, said at a webinar on June 30.
Despite complicated developments of the COVID-19 pandemic, Vietnam is still chosen by many foreign investors as a destination to build production bases, especially in the electronics industry, according to Fitch Solutions.
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 North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
Illustrative photo (Source: VNA) 
