Introduction
In this world, there are many governments that have failed in the trade war between the two most economic countries, the United States and the Beijing government in China. Reached the ongoing trade war, so that the Vietnamese government can become a home for the production of the new electronic industry.
Vietnam benefited when China issued a comprehensive quarantine to control the spread of the infection (Reached), and also benefited from the tension between the United States and China, especially in the manufacturing sector, which resulted in to host a new website for the electronics manufacturing competition. Vietnam has implemented the project [zero covid] and followed a policy to reduce movement and traffic in order to reduce the spread of infection. But unfortunately it was difficult to do this, it quickly changed the previous plan and advised its people in four quarters. Two places at the end of 2021., at the same time, life returned while China was still (COVID-19). It has been spread financial information about the company (apple) that the company is moving its production center (COVID-19) located in China to Vietnam. Also, the Chinese company (Xiaomi) has already shipped some of the company’s devices. These companies do not want to
The Korean company called (Samsung) has already entered the Vietnamese market by building a factory worth 680 million US dollars in the north of the country. The Samsung company increased investment, and invested 17.5 billion US dollars in ten years in Vietnam as a whole. Also, the American company called (Intel) is also one of the companies that have invested in Vietnam in the past. And it increased the investment by raising it in the year 2019 which increased the value of the investment in the whole country which made it 1.5 billion USD. Investments in foreign countries and companies have led to a famous saying (Some people’s misfortunes are other people’s gain).
Within ten years, the export of electronic equipment and computer cores increased by 28.5%, and maintained the economic growth rate. This resulted in bringing the domestic product up. In 2015, two more laws were implemented and approved, the Companies Act 2005 and the Investment Act, which allows foreign companies to have a majority stake in local companies. Vietnam was able to enter the business. But the foreign companies do not want the local companies to have a partnership with them, but they want to be the managers and owners to ensure the quality of the products and the time of delivery of the products to be consistent.
However, business expenses have decreased in most cities in Vietnam in recent years. That made Vietnam attractive for international investment. Foreign investment increased and became stronger. This was followed by a plan called (China plus one) which was followed by many companies, limited to the field of electronics it is a plan that allows investment companies to invest not only in China but also include other countries that in South Asia, to expand and diversify investment areas. Vietnam has suddenly appeared on the front of the electronics exporting companies, rising from the 48th place in 2001, and came to the 10th place in 2020. Vietnam’s export of electronic products has increased.
A cheap laborer is a benefit, labor costs have increased all over Vietnam and china, Vietnam has slowly recovered from this problem and unemployment has decreased. By late 2020, Vietnam’s labor costs had risen to half that of China. Vietnam’s government is known for its success in promoting foreign investment in the electronics industry and making their country one of the world’s most powerful manufacturing networks. Some problems need solutions to strengthen production, Vietnam’s electronics industry has concentrated on domestic products, for example assembling or assembling products from foreign companies, such as designing products, while the second phase of The design is completed in China. In addition, sales and marketing takes place in other foreign countries.
The government of Vietnam realized that there is a need to promote the improvement of skills in order to increase the economy and the expenses of the person, but the government has taken several steps which include the promotion of basic education. Second and ahead of its Singapore counterpart, where enrollment in tertiary education is 28%. The number of people who have reached the age of education is 6 million, excluding higher education.
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