Vietnam’s electronics industry, an increasingly important sector of the country’s economy, continues to grow despite the negative impact of the COVID-19 pandemic, according to the Ministry of Industry and Trade (MoIT).

Despite complicated developments of the COVID-19 pandemic, Vietnam is still chosen by many foreign investors as a destination to build production bases, especially in the electronics industry, according to Fitch Solutions.

Vietnam’s electronics industry has been affected by the pandemic, a trend that could increase global chip shortages and lower electronics output.

The electronics industry in the last six months of the year is forecasted to be still greatly affected by the COVID-19 pandemic, which reduces demand in the US and European markets.

The Vietnamese electronics industry is anticipated to continue being hit by the challenges brought about by the increasingly complicated hurdles caused by the COVID-19 epidemic during the second half of the year,