Illustrative photo  (Photo: VNA)

According to the website, foreign electronic companies have been maintaining their factories in Vietnam's northern region despite the pandemic. Vietnam's semiconductor industry is expected to grow strongly in the next five years.

According to Fitch Solutions, amid COVID-19, Vietnam is still chosen by many foreign investors as a destination to build production bases, especially in the electronic industry.

As many as 65 percent of foreign electronic enterprises set up their production bases in northern localities of the country, while about 30 percent of them built facilities in the southern region, and a few in the central region.

According to a report by global technology research and advisory company Technavio, the Vietnamese semiconductor market is poised to grow by almost 19 percent in 2020-2024 to 6.16 billion USD. The semiconductor sector is considered a driving force for many industries and is one of nine high-value technology products in Vietnam.