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July 30, 2007

Electronics export surges in first 7 months
Vietnam reaped nearly US$1.1 billion from exporting electronics goods, including computers in the first seven months of this year, a year-on-year rise of 24. 6%, according to the Vietnam Electronic Industries Association.

Under the Overall Plan on Developing Vietnam's Electronics Industry till 2010 with a vision to 2020 approved by the Vietnamese government in May, the country has eyed electronics revenue of US$4-6 billion, including US$3-5 billion from export.

Vietnam will turn out more competitive electronic items, mainly finished products, components, spare parts and auxiliary goods used in informatics, telecommunications, medical electronics, industrial electronics, mechanical electronics, measurement and automation, said the association.

Electronics companies in Vietnam, whose export turnovers rose 24% to nearly US$1.8 billion last year, are focusing on strengthening trade promotion in such big markets as Japan, Southeast Asia, China, South Korea and France, and conducting market surveys.

Many of the companies, which produce electronics items under outsourcing contracts with foreign firms, are trying to raise the added value in their products, partly by designing their own models, and intensifying production of components and spare parts for export, the association said. Xinhua

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