Amid the pandemic, the sector brought home US$77.58 billion over the past nine months of 2021, statistics from the General Department of Customs showed.

Of this, the export of handsets and components contributed US$41.02 billion,up 11.5% year-on-year. Among major export markets were China with a turnover of US$9.8 billion, up 52%, the US with a value of US$7.09 billion, up 1.1% and the EU with US$5.56 billion, down 18%.

Electronics components being manufactured at 4P Limited Co in the northern province of Hung Yen.

Meanwhile, the export value of electronics, computers and components topped US$ 36.56 billion, surging 13.6% over the same period of last year with US$9.3 billion from exports to the US, up 26.5%; US$7.8 billion from China, down 6.2% and US$ 4.63 billion from the EU, up 7%.

As these positive nine-month figures show, the electronics industry was well on track to earn the country between US$97 billion and US$100 billion by the end of this year, compared to a turnover of US$91.98 billion in 2020, according to Do Thi Thuy Huong, Executive Board Member of Vietnam Electronics Industries Association (VEIA).

Huong said the electronics industry posted the highest import-export turnover in the past 10 years. It also took the lead in export turnover among processing and manufacturing industries and accounts for 30-40% of national GDP in the period.

Despite the challenges brought by the Covid-19 pandemic, the industry still showed positive signs over the nine-month period, Huong said.

She attributed the industry's export turnover growth in the period to an increase in demand for communication products used for distance working and learning such as mobile phones, computers, TVs and devices.

A number of companies that produced computer and electronics products in other countries were forced to close down due to the impacts of the virus. That led to local manufacturers winning more contracts, she said.

Loans offered to 68 business owners to pay for salary in production recovery and severance

(BGO) - The Bac Giang branch of Social Policy Bank has disbursed over 4.8 billion VND (210,986 USD) as the loan for four businesses to pay for salary in production recovery and severance to 1,049 labours in line with the Government’s Resolution No.68 on July 1, 2021 and PM’s Decision No.23 on July 7, 2021 about implementation of policies to support employers and employees affected by Covid-19 pandemic.

Bac Giang honors 24 outstanding businesses in charity work

(BGO) – The Business Association in Bac Giang province on October 10 held a meeting to celebrate  Vietnam Entrepreneurs’s Day (October 13) and honor outstanding business in charity work. 

Foreign businesses continue to see Vietnam as a good investment location

While a number of foreign companies have moved part of their production or orders to other countries, many still see Vietnam as a good location for investment in the long term.

Majority of businesses to start immediate recruitment

Nearly 57 percent of companies plan to start recruiting immediately as things resume normality, after the fourth Covid-19 wave forced their suspension for months.

Strategies for safe resumption by businesses

Since living with Covid-19 seems inevitable, businesses want the government to be rational about safety requirements.

Source: NDO/VNA