Electronics catching investor interest

Many large corporations in the electronics industry are continuing to invest or expand production in Vietnam through major projects despite the impact of Covid-19, according to a report from the Navigos Group.

Cities and provinces such as Hai Phong, Da Nang, Bac Ninh, Bac Giang, and Thanh Hoa continue to receive substantial foreign investment, with large research and development (R&D) projects attracting foreign capital.
Many businesses in Vietnam’s north in the electronics industry have maintained production due to effective pandemic prevention measures. Businesses in the electronics sector posted slight growth after receiving production orders from other sectors affected by Covid-19.

The electronics industry has also observed substantial recruitment demand for Chinese-speaking candidates due to a shift in business from China to Vietnam. While the electronics industry in Vietnam’s north posted positive results, the electronics, electricity, mechanics, and furniture industries in the south have seen recruitment demand fall 70 per cent due to temporary factory closures.

The report also found that demand for recruiting high-quality personnel is still increasing in the financial and banking sector as banks promote digital transformation and technology development. Specifically, demand for personnel at all levels in information technology and digital transformation positions is also continuing to rise, especially the positions of application development, technology development, and transformation management.