Electronic product and component exports jump high
Exports of computers, electronic products and components skyrocketed 38.2% to US$14.3 billion in the first 11 months of this year, according to the statistics from the General Department of Vietnam Customs.
Exports of telephones and components also rose by 29.6% to US$28.5 billion in the period, leading the list of top ten key export items.
These products are currently shipped to many countries, including two leading markets – the EU and UAE.
HCM City, Hanoi, Bac Ninh, Vinh Phuc, Dong Nai and Binh Duong provinces have paid great effort to attract investors in the support industry in order to lure big production groups in these fields.
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In October, Vinh Phuc province licensed 13 out of a total 21 Republic of Korea’s investment projects on manufacturing mobile phone components.
The management board of Vinh Phuc Industrial Zones also reported that many FDI businesses expanded their investment capital in the past 10 months. For instance, Partron Vina Ltd Company – a satellite company of Samsung - increased investment from US$140.5 to US$150.5 million.
World’s leading groups such as Samsung, LG and Microsoft have operated in Vietnam, opening up opportunities for the development of domestic electronic producers to become their possible component suppliers, expert said.
