The Vietnam Electronic Industries Association (VEIA) has urged local electronics exporters to boost shipments to Africa, a new market for local electronic goods and computers.
“We have visited Africa to search for business opportunities and we have learnt that Africa is a potential market for the industry,” says Pham Thien Nghe, chief representative of VEIA in Ho Chi Minh City.
Local electronics and computer producers, including VTB, Tien Dat and Khai Tri, plan to export televisions, destops and laptops to the African market or invest in South Africa, then ship their products region-wide, he said.
“Vietnam’s electronics and computer products could compete with others in terms of prices and quality in the African market,” Nghe said.
“If Vietnamese companies set up stores selling electronics and computer products, they could earn profits,” he added.
The industry’s sales will grow 29 per cent on-year to $1.8 billion, said VEIA.
The export growth of the sector depends heavily on foreign-invested electronics and computer producers, including Fujitsu and Canon, because they contribute more than 90 per cent of the sector’s exports.
Locally made electronics and computer products are exported to 50 countries, including the EU, Japan and the US.
The sector has seen steady export growth, with shipments in 2002 reaching $500 million, $672 million in 2003, $1.08 billion in 2004 and $1.44 billion last year.
The Ministry of Trade says electronics and computer parts exports reached $1.2 billion in the first ten months of 2006, an on-year increase of 19.2 per cent.
Saigon Times Daily
Vietnamese
