Electronics production accounts for almost 18% of Vietnam's industry sector

The industry, which largely produces electronic, computer, and optical devices, reached an export turnover of more than $114 billion last year, up 6% year on year and accounting for more than 30% of the country's total, according to a study from the Ministry of Industry and Trade's (MoIT) Industry Agency.

Domestic and foreign investors are increasingly pouring money into this sector, with global conglomerates such as Samsung, LG, Foxconn, and Fukang Technology establishing advanced technology electronic manufacturing facilities in Vietnam.

Do Thuy Huong, a member of the executive board of the Vietnam Electronic Industries Association (VEIA) and Vice President of the Vietnam Association for Supporting Industries (VASI), emphasized the importance of the industry in contributing to the country's trade balance and foreign exchange reserves. Its two main export markets are the United States and China.

To pave the path for the industry's growth, the MoIT has worked to strengthen its competitiveness and seek potential suppliers, assisting domestic enterprises in forming partnerships with foreign organizations and participating in the global value chain.
 
Furthermore, measures for expanding both domestic and export markets have been implemented.
 

Source: VNA