Vietnam electronics industry has challenges and opportunities

Up to now, the electronics industry in Vietnam has attracted more than $ 10 billion with big names such as Samsung, Foxcom, LG, Panasonic, Intel ... Vietnam electronics industry mainly import components, processing, assembling and supplying to the domestic market.

(Photo: Internet sources)

Along with the billion dollar projects are continuously poured into Vietnam, the proportion of electronic industry is also impressive increase in recent years. According to the General Statistics Office, from 2015 to now, the share of exports of electronics always occupy the leading position in the export of Vietnam. In 2016, the total annual export value exceeds $ 50 billion. With Vietnam's largest export growth rate and largest electronic export market, Vietnam has risen to become the 12th largest electronics exporter in the world

(Photo: Internet sources)

In addition, the abundant resources needed to generate industrial data such as ore, iron, rare earth, titanium, rutine, barite, ilmenite, etc. Vietnam can completely become a source supplier. raw materials, chemicals for the electronics industry of the country in the raw form of raw materials, finished products or semi-finished products cheap. With a population of over 90 million people, Vietnam is one of the energy consuming schools. The Government of Vietnam always encourages and supports top foreign companies and cooperates with special enterprises in the field of Electronics.

However, Vietnam's electronics industry is still considered as a young industry. Dependence on foreign suppliers in terms of technology is the biggest challenge with the development of Vietnam electronics technology. The 4.0 revolution brings benefits from intelligent applications and automation, and the machines are becoming increasingly intelligent and replacing humans lead to the risk of losing jobs, particularly in the simplest manufacturing stages. increasing. Along with the fierce competition in production in the domestic market, enterprises in the field of electronics industry in Vietnam need to improve labor productivity, reduce risks in business, raise brand reputation and competitiveness, and at the same time strengthen sectoral cooperation on labor issues.

Giang Doan