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Electronic goods exports reach $1.44 billion
A General Statistics Office report said electronic and computer-component exports reached US$1.44 billion in the first seven months of the year, a year-on-year increase of 29 per cent.
The report said electronics exports have increased sharply in recent years, from $166 million in 2002 to $2.15 billion in 2007, and are estimated to reach $3 billion by the end of this year.
Electronics and computer components are exported to 40 countries and territories around the world, mostly to EU markets.
According to the report, exports to the EU reached nearly $170 million in the first five months of this year, increasing 38.6 per cent against the same period last year. This represents 17 per cent of total exports.
Other markets such as Thailand, Japan and China also had high export growth rates.
A Ministry of Industry and Trade report said much of the electronic export growth was due to the increase of foreign investment in the industry.
The Ministry has treated electronic products and computer components as one of the country’s core exports since 2006, and expects the industry to be worth $5 billion by 2010.
Improved quality and price reductions will help further increase market share, said the report.
For high growth rates to continue, the Ministry has advised businesses to focus on producing electronic products for the IT, telecommunications, and health industries.
VNS
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