Vietnam Electronics Industry Is Gearing for Solutions, Aims for Economic Recovery in 2022

HANOI, Viet Nam - Dec. 13, 2021 - PRLog -- NEPCON Vietnam 2021 recently concluded and is regarded as a success in terms of bringing industry updates and discussions about the electronics industry. The event was held digitally for the first-time last November, with the tagline "4.0 Electronics Event to Make your Business on-air" with the goal of reaching out to a global audience about the Vietnamese Electronic Industry and updating the electronics industry with new technology.

According to Mr. Phan Quang Vinh, Marketing Head of Reed Tradex Vietnam, a survey of the businesses that attended the event was conducted. The questions asked business representatives about their current business framework, as well as their business practices and concerns. The outcomes are as follows:

• In terms of participant roles, 35% of the participating enterprises are Vietnamese electronics firms, 37% are SMEs, and the remaining 28% are FDI enterprises and others.
• In terms of business concerns, up to 76% said they needed business advice and assistance in resuming production activities during and after the pandemic.
• More than 60% of businesses believe it will take more than a year to recover, while the remaining 10% believe it will take 3 to 5 years.
• Almost 78% want to expand their business activities and need to participate in trade promotion or business networking.
• More than 47% of businesses are concerned about efficiency.
• 33% are concerned about cost, while the remainder are concerned about safety and health.
• Impressively, more than 80% of businesses have already begun to adapt their online activities and operations to ensure compliance with government regulations and social distancing.

Pandemic, Post-Lockdown, and Industry Workforce Effects in 2021

The effects of the pandemic are not new to the industry. The panel discussions at the event focused on workforce-related issues and its critical role to management. The question frequently asked is whether companies should rehire former employees who returned to their hometowns or hire new people. Companies, according to Mr. Bill Pham Hung, should focus on "using strategies that would be valuable leadership skill training," as companies should provide their employees with opportunities for growth and advancement.

NEPCON Vietnam will return in 14-16 September 2022 with new updates from the electronics industry; for more information and updates on the event, visit their Facebook page (https://www.facebook.com/nepconvietnampage/), LinkedIn (https://www.linkedin.com/showcase/nepcon-vietnam/), and www.nepconvietnam.com