8:55:20 AM | 20/10/2008
Foreign-made electronics products are heading for Vietnam as the country will officially open its retail market in two months, the VietNamNet reported.
Home appliance and electronics products are believed will touch down in Vietnam as soon as the nation opens its market, which also means that Vietnamese consumers will have opportunities to buy products at low prices, while domestic electronics producers will have to compete fiercely with the imports.
Supermarts and home appliance centers in HCM City say that some importers have offered them new products sourced from Europe and the U.S. the last few weeks.
Local home appliance importers have been importing 20 per cent-30 per cent more than usual.
An electronics importer said most of the imports come from regional countries like Thailand, Singapore, Malaysia and Indonesia which have low import prices and bear low import tax rates.
He said the prices of home appliances and electronics products have decreased by 10 per cent-30 per cent since the beginning of the year, as distributors have been trying to clear products before the imports flock to Vietnam. (VietNamNet)
Vietnamese
