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Electronics exports up dramatically

Released at: 11:24, 01/12/2015

Electronics exports up dramatically

Exports of computers and electronics rise nearly 40% in first eleven months.

by Luong Nhi - Ai Van

The export of computers and electronics products in the first eleven months reached $14.3 billion, a 38.2 per cent increase year-on-year, according to Vietnam Customs, while phones and accessories were $28.5 billion, 29.6 per cent higher year-on-year.

The former ranked first and the latter second in the Top 10 key export goods of Vietnam in the first eleven months.

Electronics products and phones manufactured in Vietnam were exported to many countries, with the EU being the largest market followed by the United Arab Emirates.

In 2014 the value of exported phones and accessories was $24.1 billion, a 13.4 per cent increase compared to 2013, while the export of computers and devices stood at $11.6 billion, a 10 per cent increase against 2013.

Many provinces have decided to develop electronics assembly and manufacture as a key sector. In Ho Chi Minh City the manufacturing of electronics is one of its four key sectors, increasing 5.9 per cent year-on-year in the first eleven months.

In the north, cities and provinces such as Hanoi, Bac Ninh and Vinh Phuc attracted many enterprises investing in the manufacturing of electronics products and also attracted investors in support industries.

In Vinh Phuc province, for example, in the first ten months of the year, 13 of the 21 foreign-invested projects were from South Korea, focusing on phones and accessories. Provincial authorities said that in October many companies increased their investment capital, such as the Patron Vina Company, an electronics satellite device supplier, by $10 million, and the Vietnam Strong Way Industrial Co., an industrial equipment manufacturing company, by $6 million.

Most factories in the industry, however, are located in Ho Chi Minh City and nearby Binh Duong and Dong Nai provinces.

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