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VIETNAM ELECTRONICS INDUSTRY HOPES TO EARN US$6 BLN BY 2010.
HANOI, June 2 Asia Pulse - Prime Minister Nguyen Tan Dung has endorsed the master plan for the development of the electronics industry, targeting revenues of US$4-6 billion by 2010, with US$3-5 billion of that from exports.
The industry, which projects an annual growth rate of 20-30 per cent beginning in 2010, will create 300,000 jobs nationwide, according to the Vietnam Electronics Industry Association (VEIA).
In a bid to reach these targets, Vietnam will begin turning out more lucrative electronic items, including both finished products and components and spare parts used in informatics, telecommunications, medical and industrial equipment, measurement and automation.
Meanwhile, the house-hold electronics sector will enhance its competitive edge by raising product quality while cutting production costs to reduce sale prices, VEIA says.
The electronics sector is set to earn US$3 billion in export turnover this year, a 22.7 per cent increase over last years US$2.2 billion, with 95 per cent of products produced ...
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