Mr. Tuc said the Government will continue to improve institutions and streamline administrative procedures to ensure a level playing field for both domestic and FDI enterprises. He also called for greater support for high-demand electronic components and materials with strong localization potential, and for programs to engage Vietnamese suppliers and strengthen their links with domestic and international technology corporations.
Mr. Tuc said: “We need to work together on solutions. We may import more at the beginning of the year but export at the end of the year. We believe exports will increase rapidly in the coming months. The businesses here will play a decisive role. The Vietnam Electronics Industries Association can help balance Vietnam’s trade with other countries and curb the trade deficit in the coming period.”
The production of computers, electronic products, mobile phones and components continued to grow strongly in the past eight months, with export turnover nearing 101 billion USD, up 51% year on year. Mobile phone production was estimated at 90 million units, while exports of phone components surged to nearly 12 billion USD, indicating that Vietnam is gradually expanding into component manufacturing, rather than focusing solely on assembly. In the past eight months, Vietnam’s total trade in goods reached 770 billion USD, up 28%. The United States remained Vietnam’s largest export market, with exports reaching 104 billion USD in the first seven months of the year, while China was the country’s largest import market, with imports totaling 138 billion USD.
