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At the event (Photo: kinhtedothi.vn) |
Speaking at the conference on the research, design and manufacturing of electronic and ITC products “Made in Vietnam,” Ho Quynh Hung, chairman of the Board of Directors of Dien Quang Joint Stock Company, said that Vietnam’s electronics and ITC industries remain dependent on imports due to a lack of high-tech production capability.
The industries also lack design and R&D capacity, he added.
“This was evident during the Covid-19 pandemic when most businesses were affected by supply chain disruptions. Many of the businesses faced a lack of chips and electronic components for production of electronic and ITC products,” he said.
The number of Vietnamese companies making chips and electronic components for production of electronic and ITC products remains modest and most foreign companies open factories in Vietnam to produce chips and electronic components, he added.
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Speakers at the event (Photo: kinhtedothi.vn) |
Nguyen Ai Huu, Chairman of the Board of Directors of XeLex Technology Joint Stock Company, said most Vietnamese-branded products are made with imported components and assembled domestically with software and hardware which are dependent on foreign partners, resulting in a risk of installing malware without the businesses’ awareness.
“Vietnamese tech firms need to master both hardware and software technology to ensure security,” he said.
He added that Vietnam’s ITC industry needs huge investment and high-quality human resources, especially experts and technicians with solid professional qualifications.
Experts said the continued relocation of the global supply chain and supply diversification is a great opportunity for Vietnam to develop its electronics and ITC industries.
According to the Ministry of Information and Communications, the total revenue of the ITC industry in 2020 reached 120 billion USD in 2020. Of that number, the hardware industry accounted for over 107 billion USD, the software industry over 5 billion USD and the digital industry over 900 million USD.
In the first six months of 2021, total revenue reached nearly 65 billion USD, up 22% year-on-year, of which, revenue from the hardware and electronics industries reached about $57.6 billion, accounting for nearly 90% of total revenue of the ICT industry.
Exports of hardware and electronic products were estimated at 50.5 billion USD in the period, accounting for 31.6% of the country’s total exports with a trade surplus of 7.7 billion USD.
According to the Industrial Planning by 2030, the annual growth of the electronics industry was 17-18% in the 2016 - 2020 period and would reach 19-21% by 2030.
At the event, Dien Quang and XeLex signed an agreement to research, design and produce electronics, ITC and 5G equipment “Made in Vietnam.”
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Dien Quang and XeLex signs an agreement to research, design and produce electronics, ITC and 5G equipment “Made in Vietnam.” (Photo: kinhtedothi.vn) |
Under the agreement, Dien Quang will provide components used to make tablets, laptops, servers and other products of electronics and ITC by XeLex.
The signing of the agreement is expected to open up opportunities for Vietnam’s electronics and ITC industries.
Under the Government’s ‘Made in Vietnam’ strategy, Vietnam aims to produce chipsets for the 5G network and Internet of Things (IoT) equipment. The Government will also offer preferential policies for the production as it is a high-tech area.
Under the strategy, Vietnam also focuses on the digital economy, which is expected to contribute 7% to its GDP by 2025 and 7.5% by 2030.
The conference was organised by Dien Quang Joint Stock Company and XeLex Technology Joint Stock Company.
Source: VNA