Foreign direct investment (FDI) into electronics should aim to promote local companies and enable them to engage in the global value chain, industry insiders have said.
VOV.VN - While the novel coronavirus has exerted a negative impact on the world economy, Vietnam has maintained a trade surplus over four months, with 15 items enjoying export turnover of over US$1 billion each, making up 80% of total export value, according to the Ministry of Industry and Trade.
Key industries like textiles, footwear, electronics, food and seafood processing must be prioritised for support in the “new normal” situation, said Truong Thanh Hoai, Director of the Industry Department under the Ministry of Industry and Trade (MoIT).
VOV.VN - Asiana Airlines flight OZ7737 landed at Vietnam’s Van Don International Airport in Quang Ninh province on April 17, bringing 308 experts from the Republic of Korea to Vietnam.
Electronics seller Mobile World and Phu Nhuan Jewelry are competing for a bigger share of Vietnam’s wrist watch market.
Five commodities with export value of over 10 billion USD
Thailand’s Department of International Trade Promotion (DITP) and Federation of Thai Industries introduced in Ho Chi Minh City on January 18 a series of exhibitions on air-con and electronics to be held in this year.
Steel, fiber, household-use products and electronics in Vietnam are vulnerable to anti-dumping and anti-countervailing duties imposed by other countries.
The General Department of Vietnam Customs said the country had a trade deficit worth US$400 million in November, equivalent to 1.9% of total export value.
Vietnam earned more than US$3.7 billion from exports to Thailand as of August 2018, up 21% year on year, higher than the country’s average of 16.7%, according to the General Statistics Office.
As many as five million workers in Vietnam are at high risk of losing their jobs by 2020 because of the boom in artificial intelligence, which may replace laborers with robots, according to a recent study by the International Labor Organization (ILO).
VOV.VN - The electronics industry is a typical example of Vietnam’s success in the development and integration process. From a certain angle, some of the weaknesses present the country’s failure to adapt.
Hundreds of electronics manufacturers in Vietnam are having difficulty recruiting labourers, said an official from the Ministry of Labour, Invalids and Social Affairs (MOLISA).
VOV.VN - Around 750 exhibitors from 16 countries and territories presented their new product ranges at the 15th Vietnam International Trade Fair (Vietnam Expo 2017) at the Saigon Exhibition and Convention Centre in Ho Chi Minh City on December 6.
Although Vietnam is the world’s 12th largest exporter of electronics and the third largest in ASEAN since 2015, up to 95 percent of the country’s electronics output comes from foreign-owned enterprises instead of domestic ones, the Central Institute for Economic Management (CIEM) has announced.
HCM City and Mie Prefecture of Japan are looking for cooperation opportunities in multiple fields, heard a reception hosted by Vice Chairman of the city’s People’s Committee Le Thanh Liem for governor of Mie Suzuki Eikei on November 13.
VOV.VN - Exports of ten key groups of products made up over US$111 billion out of the two country’s total export value of US$154.3 billion in the first three quarters of this year, according to the General Department of Vietnam Customs.
VOV.VN - Vietnam enjoyed a US$24.1 billion trade surplus with the US during the first nine months of this year, equal to 78% of the country’s total exports to the market, according to the General Department of Vietnam Customs.
Vietnam’s Index of Industrial Production (IIP) posted a 6.5 per cent year-on-year increase in the first seven months of the year, according to the General Statistics Office (GSO).
Chief Representative of the Hanoi Office of the Japan External Trade Organisation (JETRO) Kitagawa Hironobu said Vietnam’s support industry has huge potential during the Vietnam Support Industry Forum in Hanoi on June 15.
