Electronics industry growing

The number of workers in the electronics industry is on the rise, and e-businesses will be a critical source of employment in the future. However, up to 80 per cent of such firms say they find it difficult to recruit technicians. The statement was made by Dao Quang Vinh, director of the Institute of Labour Science and Social Affairs (ILSSA) at the Ministry of Labour, Invalids and Social Affairs (MoLISA), at a conference held in Ha Noi on Wednesday. In recent years, the electronics industry has grown rapidly and has become one of the most important sectors of Viet Nam’s economy. The growth rate of the electronics industry increased sharply from 7.4 per cent in 2011 to 32.5 per cent in 2015. The development of Viet Nam’s electronics industry is attributed to the large investments from multinational corporations, especially corporations from the Republic of Korea and Japan, in the field of manufacturing electronic components. According to Vinh, electronics is the largest export sector of Viet Nam. The sector’s export turnover has grown from US$22.9 billion in 2012 to more than $71 billion in 2017. It is now 2.5 times and five times greater than textiles and footwear sectors, respectively. Of the total, 95 per cent of the country’s electronic export turnover is due to foreign direct investment (FDI) enterprises. FDI enterprises also excel in terms of technology and labour footprint: the average number of employees at an FDI enterprise is 807 people, compared to 212 at State-owned enterprises and just… [Read full story]

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