Vietnam constitutes potential market for British electronics firms: webinar
Vietnam is a potential market for British firms operating in the electronics industry, Do Nhat Hoang, Director of the Vietnamese Ministry of Planning and Investment’s Foreign Investment Agency, said at a webinar on June 30.
London (VNA) – Vietnamis a potential market for British firms operating in the electronics industry, Do Nhat Hoang, Director of the Vietnamese Ministry of Planning and Investment’s Foreign Investment Agency, said at a webinar on June 30.
The webinar discussed potential and advantages when investing in Vietnam’s growing electronics industry. It saw the participation of numerous British businesses. Vietnam is now the 12th biggest electronicsexporter in the world and the third largest in Southeast Asia. The export value of theelectronics products doubled to 96.9 billion USD in 2019 from 47.3 billion USD fouryears earlier. The flow of foreign investment in the field also posted strong growth in theperiod with the presence of giants such as Samsung Electronics, Intel, and LG Electronics. In addition, Vietnam ranks fourth in the Asia-Pacific region in foreign direct investment attraction.
At the webinar, Hoang pointed out strengthsof the Vietnamese market, particularly its strategic location in the region, political stability and open investment policy with many incentives, among others.
The nation recorded the highest economic growthin Asia in 2020 and its gross domestic production (GDP) is projected to reach 7percent this year.
Furthermore, 60 percent of surveyed foreign businesses affirmed that they will expand investment in Vietnam, he added.
Hoang called on British firms to bolsterinvestment in V🧔ietnam in general and the electronics industry in particular, as cooperationpotential between the two countries remain huge after the signing of the UK-VietnamFree Trade Agreement./.
Vietnam will announce to the UK side its ratification of the UK-Vietnam Free Trade Agreement (UKVFTA) this month, so the deal can officially come into force from May 1.
A webinar on higher education and postgraduate cooperation between Vietnam and the UK was held on May 27 by the Vietnamese Embassy in the UK and the Vietnam-UK Friendship Network (VUFN).
Prime Minister Pham Minh Chinh suggested the UK Government continue its support to Vietnam in finance, technology, and experience in transitioning towards a low-carbon economy, while receiving Alok Sharma, British Cabinet Minister and President of the 26th United Nations Climate Change Conference (COP 26), in Hanoi on May 28.
Deputy Prime Minister Pham Binh Minh has proposed the UK's Government further facilitate Vietnam's access to COVID-19 vaccine supplies and consider transferring its vaccine production technology to the Southeast Asian country.
Head of the Party Central Committee’s Economic Commission Tran Tuan Anh hailed the growing strategic partnership between Vietnam and the UK in various areas during a reception in Hanoi on June 23 for Minister of State for Trade Policy in the Department for International Trade of the UK Greg Hands.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
Illustrative image (Source: VNA) 
