Better policies were needed to improve the capacity of support-industrycompanies, particularly electronics firms, said Deputy Minister ofIndustry and Trade Cao Quoc Hung.
Hung told a recent conferenceon developing the electronic industry that the ministry was prepared toactively connect domestic firms with multinational companies so thatthey could take advantage of bigger supply chains.
The ministry plans to promote Vietnamese electronics on its website and open three centres promoting the electronics industry.
Heasked firms to diversify their products and pursue co-operation withexperienced and technology-savvy foreign investors to improve productionof spare parts and accessories.
With nearly 500 companies,Vietnam's electronics industry has seen steady growth in export sales,pocketing 6.9 billion USD in 2011, 20.5 billion USD in 2012 and 32.1billion USD last year. Exports of mobile phones and mobile componentsaccounted for 67 percent of electronic export revenues last year.
Chairmanof the Vietnam Electronics Industries Association, Luu Hoang Long, saidthat despite increases in exports, the country's electronics industrywas struggling to develop value-adding production and was only a modestcontributor to national GDP.
Long said foreign direct investment(FDI) companies accounted for only a third of electronics companies inVietnam. He added that FDI firms possessed newer technologies, adomestic market share of more than 80 percent and contributed more than90 percent to electronics export turnover.
Few Vietnamese firmsin support industries were able to supply inputs to FDI companies,hampered by a lack of experience, capital, technology and marketing.
"Most domestic firms are specialised in processing and assembling,"Long said, citing that 80 percent of electronic products made in Vietnamwere electrical appliances, including TVs, computers and telephones.Around 20 percent of products are made for specialised use.
"This has resulted in an imbalance in the categories of products," he said.
Generaldirector of Viettronic Tan Binh, Vu Duong Ngoc Duy, urged theGovernment to guide domestic companies towards better projects.
Policiesare needed to attract foreign firms and encourage domestic companies totap into the potential of support industries, said Duy. Additionally,any administrative support for firms must be transparent and accessibleto firms in the market, he said.-VNA
Hung told a recent conferenceon developing the electronic industry that the ministry was prepared toactively connect domestic firms with multinational companies so thatthey could take advantage of bigger supply chains.
The ministry plans to promote Vietnamese electronics on its website and open three centres promoting the electronics industry.
Heasked firms to diversify their products and pursue co-operation withexperienced and technology-savvy foreign investors to improve productionof spare parts and accessories.
With nearly 500 companies,Vietnam's electronics industry has seen steady growth in export sales,pocketing 6.9 billion USD in 2011, 20.5 billion USD in 2012 and 32.1billion USD last year. Exports of mobile phones and mobile componentsaccounted for 67 percent of electronic export revenues last year.
Chairmanof the Vietnam Electronics Industries Association, Luu Hoang Long, saidthat despite increases in exports, the country's electronics industrywas struggling to develop value-adding production and was only a modestcontributor to national GDP.
Long said foreign direct investment(FDI) companies accounted for only a third of electronics companies inVietnam. He added that FDI firms possessed newer technologies, adomestic market share of more than 80 percent and contributed more than90 percent to electronics export turnover.
Few Vietnamese firmsin support industries were able to supply inputs to FDI companies,hampered by a lack of experience, capital, technology and marketing.
"Most domestic firms are specialised in processing and assembling,"Long said, citing that 80 percent of electronic products made in Vietnamwere electrical appliances, including TVs, computers and telephones.Around 20 percent of products are made for specialised use.
"This has resulted in an imbalance in the categories of products," he said.
Generaldirector of Viettronic Tan Binh, Vu Duong Ngoc Duy, urged theGovernment to guide domestic companies towards better projects.
Policiesare needed to attract foreign firms and encourage domestic companies totap into the potential of support industries, said Duy. Additionally,any administrative support for firms must be transparent and accessibleto firms in the market, he said.-VNA
