Producing electronic components at a Vietnamese enterprise. (Photo: SGGP)

Domestic electronic enterprises unable to develop

In recent years, electronics industry has always been among top ten industries with highest export proportion of tens of billions US dollars annually. However, this ‘piece of cake’ mostly belongs to foreign direct investment (FDI) enterprises.
Workers assemble televisions at a Vietnamese firm. (Photo: SGGP)

Vietnamese manufacturers struggle in homeland

Vietnam’s electronics exports were estimated to nearly reach US$100 billion in 2018, making the country become one of 20 largest electronics exporters worldwide; however, more than 95 percent of export value and 90 percent of supporting industry products in this sector belonged to FDI enterprises.