As the US considers new global tariffs, Vietnam’s booming electronics industry faces both growth opportunities and risks, particularly in the semiconductor supply chain.

Revenue of the information and communications technology industry (ICT) was valued at over VND1.71 quadrillion, equivalent to US$72.9 billion, by the end of last month, down 7.1% compared to the same period last year.

It is critical for the electronics industry to enhance its resilience against global shocks, take the opportunities arising from global production and participate deeply in the global supply chain.

VOV.VN - The 15th edition of ELECRAMA 2023 took place in India from February 18 to 22, attracting the participation of nearly 1,000 exhibitors from around the world, including 27 Vietnamese businesses

The electronics industry has seen good progress in recent years, accounting for about 18% of the total industrial production value and more than 30% of the total export revenue of the country.

VOV.VN - The Vietnam Manufacturing Expo (VME) 2022 kicked off on August 10 in Hanoi, drawing the participation of approximately 200 brands in the manufacturing and electronics industries from over 10 countries and territories globally.

Indian Consul General in Ho Chi Minh City Madan Mohan Sethi has called on Indian universities to create chances for educational cooperation, including exchanging students and lecturers, with Vietnam.

Vietnam is said to be a destination for many major companies in the world, as the disruption of production activities due to the COVID-19 pandemic in China has forced them to find ways to move part of their production lines out of this country.

VOV.VN - With positive export growth recorded over the past 10 months, Vietnam’s electronics industry is anticipated to rake in US$50 billion from exports this year, a 13.5% rise from last year, according to data compiled by the Ministry of Industry and Trade (MoIT).

The electronics industry will continue posting strong growth this year thanks to the strong demand for devices for communications and remote work amid the COVID-19 pandemic, the Ministry of Industry and Trade (MoIT) forecast.