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| Electronic sector grows since joining WTO playground |
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| December 26, 2008 |
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The electronic sector's exports jumped from 1.4 billion USD in 2005 to 2.1 billion USD in 2007, making it the country's sixth-highest currency earner, according to the Ministry of Industry and Trade.
In recent years, the electronic sector has posted an average annual growth rate of 20-30 percent. In the first 11 months of 2008, the sector's exports surpassed 2.5 billion USD, a year-on-year increase of 29.5 percent. The figure for the whole year is expected to be 2.75 billion USD, or a rise of 28 percent over 2007.
The participation of foreign investors in electronic component and equipment production through large scale projects, together with domestic businesses' efforts, have made positive impact on the sector's business performance.
According to Deputy Head of the Import-Export Department Ho Quang Trung, a production and business development strategy suitable for the new situation is required for all enterprises in this sector...
(VietNamNet Bridge/ VNA) |
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