12:34:55 PM | 7/8/2008
Vietnam earned US$1.44 billion from exporting electronic goods and computer components in the first seven months this year, an on-year increase of 29.4 per cent, reported the General Statistics Office.
The electronics export turnover has increased sharply in recent years, from US$166 million in 2002 to US$2.15 billion in 2007. It is forecast to reach US$3 billion this year.
The country is shipping electronic goods and computer components to 40 countries and territories worldwide, especially to the E.U. market.
Export of the products to the bloc hit nearly US$170 million in the first five months of this year, increasing by 38.6 per cent on-year and holding 17 per cent of the country’s total export turnover.
Other markets like Thailand, Japan and China also saw high growth rate of the products’ export turnover.
The Ministry of Industry and Trade said the increase in electronic exports to foreign markets is attributed to the rise in the number of foreign investment projects, including large-scale projects, in the electronics industry.
With their current growth, electronic products and computer components are included in the list of the country’s export staples from 2006-2010, with their export turnover expected to reach US$5 billion by 2010.
The ministry asked businesses to focus on producing electronic products for informatics, telecommunications, health and industry. It also requested enterprises to improve product quality and samples and reduce the prices of civil electronic products to increase shares in the domestic market. (VNA, GSO July 2008)
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