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The electronic manufacturing industry maintained good growth in 2021

31/03/2022

Despite many difficulties in importing components from China in 2021 due to the impact of the pandemic. However, thanks to a reasonable balance of production and business activities, the electronics industry has grown significantly in terms of both industrial production and export turnover.

According to the synthesis of the Center for Industrial and Commercial Information (Ministry of Industry and Trade), Vietnam’s production index of electronic products, computers and optical products in 2021 increased by 15% compared to 2020. In particular, the index of electronic component production increased by 12.4%; production of communication equipment increased by 10.8%; production of civil electronics products decreased by 14.9%. Mobile phone output in 2021 reached 233.7 million units, up 7.6%; TV output reached 11.17 million units, down 38.6%; phone component output was estimated at 480.8 trillion VND, up 29.5% compared to 2020.

Regarding the production of supporting industrial products (CNHT) in the electronics industry, some products with increased output compared to 2020 are: Speakers have or have not been installed in the speaker box increased by 17.17%; Other electrical conductors used for electrical potential ≤ 1000V increased by 11.39%; parts of computers, cash registers, postage free stamping machines, ticket machines and similar machines, attached to the calculation unit increased by 5.89%; parts of other electronic components have not been classified into 5.7%; Copper single-coil insulated wire increased by 3.3%. Conversely, many electronic support industry products have reduced output such as: Headphones not connected to the microphone decreased sharply by 51.4%; other circuit protection devices for voltages ≤ 1000 V have not been allocated 33.86%; coaxial cables and other coaxial electrical conductors decreased by 11.7%; parts of the printer using printed parts decreased 9.81%; television camera tube; image converter and image intensifier; other cathode ray tube decreased 3.95%; integrated electronic circuit decreased 2.79%…

In the context of the complicated COVID-19 pandemic, the production and business activities of the electronics industry have generally maintained a stable rate and growth in the past period. However, it is not too difficult to realize that, although Vietnam is among the world’s 12th and 3rd largest electronic exporting countries in ASEAN, it has about 95% of the value of foreign-invested enterprises (FDI). Multinational corporations play a leading role, especially those of South Korea, Japan… in the fields of final products and electronic components production.

Currently, the rate of localization in the electronics industry is low, electronic products in the Vietnamese market are mostly imported goods or assembled domestically by the majority of imported components. Each year, Vietnam imports about USD 50 billion of electronic components, while the ability to join the global value chain of industrial enterprises supporting the domestic electronics industry is very limited.

Therefore, it is necessary to make a breakthrough to develop the electronics industry. Specifically, domestic enterprises need to be more involved in the global value chain, establish a supportive industrial ecosystem and be able to shake hands with major international technology corporations.

The wave of investment by technology FDI enterprises in Vietnam is increasing sharply after the epidemic is contained. Increasing the capital of foreign investors to expand production in Vietnam means expanding the export growth of the electronics industry in the coming years. Accordingly, it will contribute to promoting the development of the electronics industry and attract more new investors in 2022.

In order to actively develop quickly and sustainably the electronics industry, the Industrial Bureau believes that it is necessary to review and improve the legal policies, especially the specific regulations on electronic goods originating in Vietnam, in order to create conditions for domestic electronic brands to create trust with consumers, towards solutions to expand the domestic market and export.

In addition, it is necessary to focus on promoting the development of foreign markets, making good use of the opportunities offered by the Free Trade Agreements, effectively implementing trade defense and responding proactively and effectively to protectionist trends and technical barriers in the world markets. In addition, it is necessary to support some businesses with the prospect of developing brands, improving competitiveness in the electronics sector in order to create opportunities for domestic enterprises to lead the domestic electronics market, especially electrical products – household electronics.

Source: Moit.gov.vn

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    MTA Vietnam 2022 Is Ready To Welcome The Return Of Our Exhibitors
[Vietnamese below]
With the latest news of ZERO QUARANTINE for international travelers entering Vietnam, MTA Vietnam 2022 is ready to welcome all of the international exhibiting companies to this years exhibition at SECC, District 7, Ho Chi Minh City, Vietnam from 06-09/07/2022. MTA Vietnam is the leading prestigious exhibition of the engineering and manufacturing industry in Vietnam with a lot of experiences from organization to marketing promotion, promising in this return, MTA Vietnam will bring up many surprises to the community in and out of the country. Contact us to BOOK YOUR STAND NOW!
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