Illustrative image (Source: VNA) Hanoi (VNA) - The importance of enhancing policy dialogue between investmentcountries and investment recipients,and the role of the electronic industry in Vietnam were highlighted at a recentworkshop in Hanoi.
Jointly organised by the Vietnam Chamber of Commerce and Industry (VCCI), theJapanese Government, the International Labour Organisation (ILO) and the VietnamGeneral Confederation of Labour (VGCL), the event also focused on successes andsignificant contributions of the electronic sector to Vietnam’s development.
VCCI Chairman Vu Tien Loc said the electronic industry is a proof for Vietnam'ssuccess in the process of development and integration, noting that in a shorttime, it has become one of the important sectors in the local economy.
Vietnam is one of the world's 12 leadingelectronic workshops and the third largest one in ASEAN. In 2017, the industry’s export turnover totalledover 71 billion USD, 2.5 times and 5 times higher than those of the textile andfootwear sectors, respectively.
From 2012-2017, the number of electronic firms doubled, standing at 1,237 in2015. The number of labourers working in the industry also tripled to 611,492 in2017 from 238,821 in 2011.
The sector is also playing a great role in attracting foreign direct investment(FDI) to Vietnam, Loc said.
However, the official also pointed out challenges facing Vietnam as FDI firms accountfor 95 percent of the sector’ export turnover and 70 percent of its domesticsales.
FDI electronic companies in Vietnam mainlyspecialise in assembling, with a low localisation rate, he noted.
FDI enterprises have not yet set up strong linkswith local small and medium-sized enterprises to reduce production costs, improvecompetitiveness, and increase mutual support among them.
As part of measures to the issue, last year, an electronic business alliancewas established, while a project to improve the quality and quantity of jobsthrough responsible labour practice in Vietnam’s electronic industry was piloted,with the aim of fostering connection between FDI firms and Vietnamese peers, towardspromoting and ensuring successful integration of Vietnam’s electronic sector, thusbenefiting both FDI and local businesses.
As many as 127 enterprises have benefited from the project through training activitiesand policy dialogues. The firms have indirectly generated nearly half of jobsin the sector.
Many enterprises affirmed that the implementation of social responsibility inthe electronic industry would help improve competitiveness because it can attractskilled labourers and improve the skills of employees working in the field.
As they have high-quality human resources, electronicfirms can promote renovation and application of new technologies to creategood-quality products, Loc said.
According to Lee Chang-hee, Director of the ILO office in Vietnam, in othercountries, strategically economic sectors like the electronic industry arecreating the momentum for the whole economy.
That is why it is important to invest in establishingand expanding this alliance, which can be multiplied in other sectors, hesaid.-VNA
Jointly organised by the Vietnam Chamber of Commerce and Industry (VCCI), theJapanese Government, the International Labour Organisation (ILO) and the VietnamGeneral Confederation of Labour (VGCL), the event also focused on successes andsignificant contributions of the electronic sector to Vietnam’s development.
VCCI Chairman Vu Tien Loc said the electronic industry is a proof for Vietnam'ssuccess in the process of development and integration, noting that in a shorttime, it has become one of the important sectors in the local economy.
Vietnam is one of the world's 12 leadingelectronic workshops and the third largest one in ASEAN. In 2017, the industry’s export turnover totalledover 71 billion USD, 2.5 times and 5 times higher than those of the textile andfootwear sectors, respectively.
From 2012-2017, the number of electronic firms doubled, standing at 1,237 in2015. The number of labourers working in the industry also tripled to 611,492 in2017 from 238,821 in 2011.
The sector is also playing a great role in attracting foreign direct investment(FDI) to Vietnam, Loc said.
However, the official also pointed out challenges facing Vietnam as FDI firms accountfor 95 percent of the sector’ export turnover and 70 percent of its domesticsales.
FDI electronic companies in Vietnam mainlyspecialise in assembling, with a low localisation rate, he noted.
FDI enterprises have not yet set up strong linkswith local small and medium-sized enterprises to reduce production costs, improvecompetitiveness, and increase mutual support among them.
As part of measures to the issue, last year, an electronic business alliancewas established, while a project to improve the quality and quantity of jobsthrough responsible labour practice in Vietnam’s electronic industry was piloted,with the aim of fostering connection between FDI firms and Vietnamese peers, towardspromoting and ensuring successful integration of Vietnam’s electronic sector, thusbenefiting both FDI and local businesses.
As many as 127 enterprises have benefited from the project through training activitiesand policy dialogues. The firms have indirectly generated nearly half of jobsin the sector.
Many enterprises affirmed that the implementation of social responsibility inthe electronic industry would help improve competitiveness because it can attractskilled labourers and improve the skills of employees working in the field.
As they have high-quality human resources, electronicfirms can promote renovation and application of new technologies to creategood-quality products, Loc said.
According to Lee Chang-hee, Director of the ILO office in Vietnam, in othercountries, strategically economic sectors like the electronic industry arecreating the momentum for the whole economy.
That is why it is important to invest in establishingand expanding this alliance, which can be multiplied in other sectors, hesaid.-VNA
VNA
