VN’s electronics industry draw foreign investors' interest (16/11)
17/11/2015 - 15 Lượt xem
The attractive electronics industry led to the opening of large-scale Samsung cell phone factories including a US$2.5 billion one in Bac Ninh province and the US$2 billion plant in Thai Nguyen province. The US$1 billion complex on research and development and the production of high-end TV products by the Korean giant was built in HCMC.
After Samsung, there was an influx of FDI in electronic spare parts by satellite investors.
The surges in export turnover and market shares turned Viet Nam into the third largest electronics producer in ASEAN and the 12th largest electronics exporter in the world in 2014.
Experts forecast that there would be a new trend of technological transfer in Viet Nam with a view to seizing opportunities from FTAs and the Trans-Pacific Partnership Agreement.
However, the domestic electronics industry is being challenged by its under-developed processing capacity which causes difficulties in meeting the origin principles in the ASEAN Economic Community and TPP.
Domestic electronics enterprises have yet contributed significantly to the supply chain. Samsung Viet Nam has recently announced that Vietnamese enterprises made up less than 10% of its 80 providers of spare parts, chiefly in printing and packing with low added values.
In addition, Viet Nam’s electronics industry also encountered with severe competitions to attract FDI with regional peers. Foreign investors were forecast to move to other countries when preferential investment policies end.
To attract more FDI to the sector, the FIA recommended building science and technology transfer policies, training manpower, encouraging research and development (R&D), and establishing cooperation with countries of electronics strengths like Japan, the US, the RoK, among others.
The FIA also proposed better planning the electronics industry complex and regulations on long-term protection of electronic products./.
Source: Chinhphu.vn
