Speakers at a conference on the research, design and manufacture of electronic and ITC products “Make in Vietnam” on June 5 in HCM City. (Photo: VNA)Speaking at the conference on the research, designand manufacturing of electronic and ITC products “Made inVietnam”, Ho Quynh Hung, chairman of the Board of Directors of Dien Quang JointStock Company, said that Vietnam’s electronics and ITC industries remaindependent on imports due to a lack of high-tech productioncapability.
The industries also lack design and R&D capacity, he added.
“This was evident during the Covid-19 pandemic when most businesses wereaffected by supply chain disruptions. Many of the businesses faced a lackof chips and electronic components for production of electronic and ITCproducts,” he said.
The number of Vietnamese companies making chips and electronic components forproduction of electronic and ITC products remains modest and most foreigncompanies open factories in Vietnam to produce chips and electroniccomponents, he added.
Nguyen Ai Huu, chairman of the Board of Directors of XeLex Technology JointStock Company, said most Vietnamese-branded products are madewith imported components and assembled domestically with software andhardware which are dependent on foreign partners, resulting in a riskof installing malware without the businesses’ awareness.
“Vietnamese tech firms need to master both hardware and software technology toensure security,” he said.
He added that Vietnam’s ITC industry needs huge investmentand high-quality human resources, especially experts and technicianswith solid professional qualifications.
Experts said the continued relocation of the global supply chain and supplydiversification is a great opportunity for Vietnam to developits electronics and ITC industries.
According to the Ministry of Information and Communications, the total revenueof the ITC industry in 2020 reached 120 billion USD in 2020. Ofthat number, the hardware industry accounted for over 107 billion USD, thesoftware industry over 5 billion USD and the digital industry over 900 millionUSD.
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 electronicsindustries reached about $57.6 billion, accounting for nearly 90% of totalrevenue of the ICT industry.
Exports of hardware and electronic products were estimated at 50.5billion USD in the period, accounting for 31.6% of the country’s total exportswith a trade surplus of 7.7 billion USD.
According to the Industrial Planning by 2030, the annual growth of the electronicsindustry was 17-18% in the 2016 - 2020 period and would reach 19-21% by2030.
At the event, Dien Quang and XeLex signed an agreement to research, design andproduce electronics, ITC and 5G equipment “Made in Vietnam”.
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’selectronics and ITC industries.
Under the Government’s ‘Made in Vietnam’ strategy, Vietnam aims to producechipsets for the 5G network and Internet of Things (IoT) equipment. TheGovernment will also offer preferential policies for the production as it is ahigh-tech area.
Under the strategy, Vietnam also focuses on the digital economy, which isexpected 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 TechnologyJoint Stock Company./.
VNA
