In 4 months, HCM City High-Tech Park exported nearly $ 6.5 billion

Despite complicated developments in Covid-19, high-tech products of the City High-Tech Park (SHTP) achieved an export value of US $ 6.47 billion, up 27.1% over the same period …

Liquid crystal display (LCM) production area at Samsung Electronics Ho Chi Minh Complex in Ho Chi Minh City Hi-Tech Park. Reported at the online conference on the socio-economic situation in April and the first 4 months of the year by the People’s Committee of Ho Chi Minh City on the afternoon of May 11, the representative of the Department of Industry and Trade of Ho Chi Minh City said, the total retail sales and Consumer service revenue in the month was estimated at VND 90,153 billion, up 22.3% over the same period (down 34.2% in the same period). Generally for the first 4 months of the year, the total retail sales of goods and service revenue were estimated at 366,234 billion dong. 7.9% increase (11.2% decrease in the same period). In particular, the export value of high-tech products of the City High-Tech Park (SHTP) reached US $ 6.47 billion, up 27.1% over the same period. Moreover, the index of industrial production (IIP) of the city in the first four months of the year was estimated to increase by 9.7% over the same period (down 2.6% in the same period). There were 5,588 enterprises operating again, an increase of 95.18% over the same period. According to forecasts of many experts, during the 4G and 5G technology transfer period, the 4th industrial revolution and the need for digital transformation is happening around the world, the demand for chip production in the coming time will higher. Not only chips and microchips, but also the demand for electronic equipment components tends to increase compared to previous years. In addition, many enterprises producing electronic equipment and technology in Vietnam admitted that they were affected by the global chip crisis. More than ever, chips, electronic components, microchips have appeared in most electronic devices such as new citizenship cards, non-stop automatic fee collection, bank ATM cards to other Popular household electronic devices such as televisions, refrigerators, electric cookers, electronic rice cookers … In the current context, Vietnam does not have a chip manufacturing factory, but just design and manufacture overseas. Therefore, domestic electronics and technology producers will certainly be affected by the global chip crisis.