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VN becomes leading smart phone producer

Vietnam becoming world leading smart phone producer

Vietnam is becoming a leading smart phone producer in the world, according to “Nihon Keizai” daily.
Japan’s prestigious economic daily “Nihon Keizai” on May 14 ran anarticle saying that Vietnam is becoming a leading smart phoneproducer in the world.

According to the article, with theSamsung Electronics Vietnam (SEV)’s plan to produce 240 million smartphones in 2013, accounting for 20 percent of the world market share,Vietnam is following close to China to win the world’s number oneposition in this field.

In addition to bringing profits to theSEV, this plan will also help Vietnam benefit more from the growthof the electronic industry, create more job opportunities or developrelevant infrastructure.

The article attributed the SEV’sselection of northern Vietnam to locate its production establishmentsto low labour costs and convenient exports of products to importantmarkets such as Japan, China and Taiwan.

Last year,Vietnam exported approximately 13 billion USD worth of phones andtheir parts, nearly doubling the previous year’s figure.

TheUS’s International Data Corporation (IDC) forecasts that the entireworld will produce about 918 million smart phones in 2013, of which 50percent is made in China.-VNA
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