Vietnam's electronics sector stands out as attractive destination for global investment shift
Vietnam currently stands 12th globally and third in ASEAN in electronics exports.
Vietnam currently stands 12th globally and third in ASEAN in electronics exports.
A diversified network of free trade agreements (FTAs) that Vietnam is a part of serves as a significant boost for the country's exports.
The US remained Vietnam’s largest export market with a turnover of $77.7 billion, and China was the country’s largest import market with $82.1 billion.
Vietnam is expected to earn a trade surplus of around US$1 billion in 2022, reaching the Government’s target for this year.
The country’s trade turnover is estimated to reach a record high of US$800 billion by year-end.
Local firms have no other alternative but to opt for higher product quality to ensure sustainable exports to the EU market.
The Vietnamese Government for its part would create utmost conditions for South Korean companies to succeed in Vietnam and commit long-term presence in the country.
In the five months, total exports rose by 16.3% year on year to $152.81 billion.
15 years since joining the WTO, Vietnam has made great gains in socio-economic development and realizing sustainable development goals.
Vietnam aims for a healthy and sustainable trade partnership with all key partners.