Vietnam’s electronic components industry
In June 2022, the conflict between Russia and Ukraine broke out, accompanied by economic sanctions between Russia and the rest of the economies, leading to a sharp increase in global inflation. Prices of all kinds of goods, especially metal goods, are galloping, causing difficulties for manufacturing enterprises.
Vietnam is currently heavily dependent on imported electronic components.
Exchange rate and raw material price fluctuations will directly affect input costs for production and business activities of enterprises.
Metal prices Q2/2022
Copper, aluminum, iron, gold, palladium and silver are the six main metals used in the manufacture of components.
electronic. Therefore, fluctuations in prices of these metals will directly affect input costs for operations
production and business of enterprises.
Silver is widely used in the solar and photovoltaic industries. China is one of the
leading country using solar energy. However, in 6M/2022, solar and photovoltaic energy
electricity in China has decreased significantly, as China is currently taking advantage of the gas wars between Europe and
Russia increased fuel purchases. In the short term, using solar energy has not been prioritized, demand
Silver production of photovoltaic panels leveled off, curbing the rise in silver prices.
Outlook 6M/2022
It is expected that electronic components will continue to be positive in the short term, but the medium term will face many difficulties when the
Vietnam’s main partner areas: the US and EU are facing inflation, the prices of essential goods
Due to the rapid growth, consumer spending on non-essential items is likely to be limited. In addition, the shortage
The source of raw materials is also an unsolvable problem in the short term.
Impact of the Covid-19 epidemic
Macroeconomic
Value Chain
Ingredient
Consumption demand
Manufacturing
Import
Forecast
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