These form the backbone of Việt Nam's electronics supporting industry. In 2021, the country reported a trade surplus of $4 billion, with the electronics industry contributing a substantial surplus of $11.5 billion. Hương said that the COVID-19 pandemic and conflicts between major economies were reshaping the global supply chain. Although there were significant improvements in recent years, such as more than 200 Vietnamese firms becoming suppliers for Samsung, the electronics supporting industry was facing considerable challenges. According to the Ministry of Industry and Trade, the digital transformation at Vietnamese enterprises operating in the electronics industry was happening at a low speed.


Source:   Viet Nam News
July 15, 2023 08:52 UTC