The electronics industry is forecast to have a robust year, driven by the increase in demand for communications’ products due to demand caused by social distancing measures implemented to tackled rising cases of COVID-19, according to the Ministry of Industry and Trade.
Total revenue of the information and communications technology (ICT) sector is estimated at nearly 65 billion USD in the first half of 2021, up 22 percent year-on-year, according to the Ministry of Information and Communication.
Several of Vietnam’s key export sectors, such as textile-garment, leather-footwear, and electronics have become magnets for merger and acquisition (M&As) activities, posing a risk of leading enterprises in those sectors being purchased by foreign investors.