VIETNAM ELECTRONIC INDUSTRY IS ATTRACTIVE FOR FOREIGN INVESTMENT
BAC NINH - Despite the negative impacts on the Vietnamese economy, many foreign investors choose Vietnam as the top destination to set up electronic manufacturing plants.
The article reflects on the development of the electronics industry in Vietnam, along with the assessment that Vietnam is still an attractive destination for foreign investors despite the negative impacts of the COVID-19 pandemic.
The article mentions that Vietnam in recent years has implemented a number of trade agreements with other countries and flexible policies to attract foreign investors, saying that this has opened up many opportunities for foreign investors. opportunities for entrepreneurs as this industry plays an important role in the Vietnamese economy.
According to the article, Vietnam is considered as one of the key electronics exporters, ranking 12th in the world.
Exports increased steadily with an average increase of 12 billion USD/year, from 47.3 billion USD to 96.9 billion USD in 2019.
From 2015-2019, imports of electronic products nearly doubled. Vietnam has a diverse electronics industry from mobile phones, televisions, cameras, electrical equipment, electronic integrated circuits...
The article also mentions the advantages of investing in Vietnam. Specifically, the Regional Comprehensive Economic Partnership (RCEP) will help reduce trade tariffs and boost Vietnam's economy, helping to attract foreign investors.
[Create a comprehensive legal framework to develop supporting industries]
In addition, Vietnam has signed a free trade agreement with the European Union (EU) and this agreement will gradually reduce most tariffs, regulatory barriers and barriers to create business opportunities for customers. both sides.
The COVID-19 outbreak in Vietnam has forced social distancing, restrictions and disruptions to supply chains and forced businesses to close.
Despite the negative impacts on the Vietnamese economy, many foreign investors choose Vietnam as the top destination to set up electronics manufacturing plants.
According to a recent report by Fitch Solutions, Vietnam's consumer electronics industry will grow in 2021 thanks to "global vaccination deployment and strong demand for key export industries."
With the recent important developments of the electronics industry, Vietnam is an important electronics manufacturing center in the region, thereby attracting investors and entrepreneurs, so it is never too late to take advantage of this opportunity. make the most of Vietnam's potential market./.