Local electronic firms have been urged to enhance compliance with established regulations, especially int'l labour standards, to improve competitiveness and to engage in the global supply chain.
A view at the Samsung factory in Thai Nguyen where cellphones are manufactured. (Photo: VNA)
Hanoi (VNA) - Local electronic firms have been urged toenhance compliance with established regulations, especially internationallabour standards, in order to improve competitiveness and to engage in theglobal supply chain, heard a conference on August 1.
The conference was jointly held by the Vietnam Chamber of Commerceand Industry (VCCI) and the International Labour Organisation to promote lawcompliance across the electronics sector supply chain.
The VCCI said that multinational groups and electronics suppliersmust co-operate and exchange experiences to promote application ofinternational labour standards at local firms.
The VCCI promised to develop support programmes with aims toimprove productivity, reduce risks which might arise from labour disputes andenhance businesses’ reputations.
Specially, Vietnam must create policies that promote thedevelopment of the electronics industry into a spearhead sector of the economy.
Electronics were major export products of Vietnam which earned revenueof 18.96 billion USD in 2016, representing a rise of 21.5 percent over theprevious year.
Latest updates from the General Statistics Office show thatexports of electronic products reached 13.6 billion USD in the first sevenmonths of this year, rising by 43.3 percent over the same period last year.Major import markets include the US, EU and China.
Experts, however, say that the Vietnamese electronics industry islargely dependent on foreign-invested firms, while the cooperation betweenlocal and foreign firms remains loose.
Vietnam is promoting the development of support industries,including electronics components, with an aim to meet 60 percent of the marketdemand by 2020 and 80 percent by 2030.-VNA
All development plans for the Vietnamese electronic industry could end up nowhere as imported products have flooded the local market, industry insiders say.
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Vietnam produced 34.3 billion USD worth of cellphones and components for export in 2016, 99.8 percent of which made by FDI firms. Low local content ratio in manufacturing may hold back the economy.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
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The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
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A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
A view at the Samsung factory in Thai Nguyen where cellphones are manufactured. (Photo: VNA) 
