|Deputy Prime Minister Nguyen Thien Nhan said that the Vietnamese government considered the industry one of several key sectors to push forward economic growth.— VNS Photo
HA NOI (VNS)— Viet Nam expects to co-operate with world electronics associations in investment and human resource training to develop the country's electronics industry.
The statement was made by Deputy Prime Minister Nguyen Thien Nhan at the 18th Annual World Electronics Forum in Ha Noi yesterday.
Addressing participants at the three-day event, Nhan said that the Vietnamese government considered the industry one of several key sectors to push forward economic growth.
Viet Nam's electronics industry expects to earn US$40 billion from exports by 2017. But while the country's export revenue from mobile phones, computers and components last year was nearly $20 billion, the industry needs ten years to fully develop, according to Nhan.
|Deputy Prime Minister Nguyen Thien Nhan and the delegates
Deputy minister of Information and Communications Nguyen Minh Hong said that the government pledged to continuously streamline the country's policies to help investors accomplish this development.
As world electronics giants increase their investments in Viet Nam – Intel invested more than $1 billion in HCM City and sees export value of more than $1 billion yearly – the country is becoming an ever more attractive destination, the deputy prime minister said. Last year, Samsung Vietnam's export revenue doubled to $12.7 billion, motivating the company to build a new $2 billion plant in the northern province of Thai Nguyen.
Japan's Panasonic poured 4 billion yen ($3.95 billion) into the construction of an electronics and electric component production plant in the southern province of Binh Duong, while China's Winter invested $870 million in a touch display production plant in the northern province of Bac Giang.
The World Electronics Forum is a voluntary gathering of CEOs and directors of electronics industry associations worldwide.
Founded in 1995, WEF meets annually to discuss major topics of common interest to the various associations, exchange information on services and data and strengthen relations between associations.— VNS