Vinh Phuc's electronics industry recorded remarkable growth with production revenue increasing by 15.3% in the first 7 months of 2024. Therefore, this industry has become the main driving force for the province's economic growth.
In the first 7 months of 2024, despite global economic fluctuations, the industry's manufacturing revenue increased by 15.3% compared to the same period in 2023, with large orders returning. The province has currently attracted more than 200 electronics manufacturing enterprises, including 6 FDI enterprises certified as high-tech, contributing 34.8% of the province's industrial labor force.
Large enterprises such as Compal Vietnam Co., Ltd., BH Flex Vina, and Interflex Vina have achieved stability in orders from global partners such as Apple, Dell, and Samsung. At the same time, the province has implemented many support policies, from administrative procedure reform to investment promotion, to create a favorable environment for high-tech projects.
However, the biggest challenge at present is the dependence on imported components, with a low localization rate. To overcome this, Vinh Phuc is orienting towards developing products with high technology content, strengthening the connection between FDI and domestic enterprises. The goal by 2030 is sustainable development, limiting outsourcing enterprises and focusing on products with high added value, contributing to positioning Vinh Phuc as the leading electronics manufacturing center in the country.
