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It is necessary for Vietnamese firms to work with FDI enterprises to establish value chains in the electronics industry. — Photo tapchicongthuong.vn HÀ NỘI — Enhancing the linkage between domestic and foreign-direct-investment (FDI) electronic enterprises can be an important solution to promote the development of this industry which is now dominated by the FDI sector. Việt Nam was now home to factories of a number of global technology giants such as Samsung, LG, Canon and Intel with investment sums worth billions of dollars. The country recently emerged as a top destination for FDI in the global production shift. Oppo was planning to build a plant in the northern province of Bắc Ninh while Lenovo was also studying the opportunity for a plant in Bắc Ninh or Bắc Giang. Although Apple has not announced plans to assemble iPhones in Việt Nam, many of their partners were increasing the production of components in the country. Foxconn invested in a project producing iPads and MacBooks worth US$270 million in Bắc Giang three months ago and planned to expand production in the country with a goal of reaching revenue of $40 billion in the next three to five years. According to Trần Thanh Hải, Deputy Director of the Import-Export Department under the Ministry of Industry and Trade, there was a significant change in the electronics industry in recent years that Việt Nam had original design manufacturers (ODMs). Still, the electronics industry of Việt Nam was still dominated by the FDI sector. Although Việt Nam was one among 12 of the largest electronics exporters in the world and top three in ASEAN, 95 per cent of the country’s electronics export came from FDI enterprises. Đỗ Thúy Hương from the Việt Nam Electronic Industries Association said it was necessary for Vietnamese firms to cooperate with FDI enterprise to establish value chains in the electronics industry. Three factors must be in place to be able to become suppliers of global technology giants …

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Medical worker gets a COVID-19 vaccine shot (Photo: VNA) HCM City (VNA) – Ho Chi Minh City ’s health sector began the second phase of the COVID-19 vaccination for medical workers and those who have contacts with people entering Vietnam via Tan Son Nhat International Airport on April 19. Director of the municipal Health Department Nguyen Tan Binh said that until April 30, 45,190 doses will be given to medical personnel working at public and private health establishments and hospitals of the Health Ministry, while additional 2,000 doses will be injected into those working at the airport. A total of 9,050 medical workers who get the first shot during the first phase will get the second shot this time. To ensure safety, the department has requested all inoculation places to make thorough preparations and make plans to cooperate with the closest hospitals to deal with any possible post-vaccination incidents. According to the department, the municipal health sector has more than 60,000 medical workers./. VNA …

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Lychee being canned for export to the US. Việt Nam's exports to the US in the first two months of the year accounted for $13.83 billion or 28.4 per cent of total exports. VNA/VNS Photo Vũ Sinh Compiled by Thiên Lý Exports for the year as of March 15 were worth US$62.01 billion, a year-on-year increase of 22.7 per cent, according to the General Department of Việt Nam Customs. Exports to the US in the first two months of the year accounted for $13.83 billion or 28.4 per cent of total exports. In recent years the US has become Việt Nam’s biggest market. Last year, for instance, at $76.4 billion it accounted for 27 per cent of the latter’s total exports. Thân Đức Việt, general director of Garment 10 Joint Stock Company, said there were several factors behind Việt Nam’s rapid growth in exports including to the US. Primarily, he said, the COVID-19 pandemic has gradually been controlled around the world, especially after several countries started vaccinating their populations, enabling many of them to reopen their borders and trade to resume. Businesses in the country, hit badly for the last year or so by the pandemic, are making strenuous efforts to bounce back, he pointed out. Many countries around the world have rolled out large stimulus packages to spend their way out of the economic slump, and this has revived trade, he added. Many analysts concurred with these views, saying the US recently launched a $1.9 trillion package to make direct payments of $1,400 to individuals earning up to $75,000 a year starting in April. This is the third and largest stimulus since the COVID-19 pandemic broke out. Việt Nam, one of the US’s major exporters, supplying essential items like fisheries products and garments and electronics, is expected to benefit from this relief package. Việt of Garment 10 told Đầu Tư Chứng Khoán magazine that Vietnamese exporters hope to get orders from the US. Americans are known as big spenders, and if they get the money from …

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