Vietnam’s electronics industry, an increasingly important sector of the country’s economy, continues to grow despite the negative impact of the COVID-19 pandemic, according to the Ministry of Industry and Trade (MoIT).

Vietnam’s electronics industry is still growing despite the impact of the COVID-19 pandemic, said an article published on newswire entrepreneur.com.

Despite impacts of the COVID-19 pandemic, Vietnam is still attracting foreign investment in its electronic industry, Taiwan-based website Digitimes has reported.

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.

Total revenue of the information and communications technology (ICT) sector is estimated at nearly US$65 billion in the first half of 2021, up 22% year-on-year, according to the Ministry of Information and Communication.

The scarcity of chip supply that began in late 2020 has affected most manufacturing industries.

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.

VOV.VN - Vietnam’s electronics exports have enjoyed robust growth in recent times, with foreign firms holding 95% of Vietnamese electronics export value, according to figures released by the Ministry of Industry and Trade.