Foreign electronic enterprises only seek profits when they come to Vietnam, while they do not intend to help develop supporting industries or transfer technologies. Meanwhile, domestic enterprises are still weak. This explains why Vietnam’s electronic industry remains behindhand. Foreign manufacturers flock to Vietnam… According to the Vietnam Electronics Enterprises’ Association, a lot of big foreign [...]
The domestic electronics industry is facing big challenges as businesses commence to switch between different strategies, according to the Viet Nam Electronics Association. Many companies have opted to supply services instead of producing electronic products in order to increase profits, said Tran Quang Hung, the deputy secretary of the association, . Hung attributed the challenges [...]
The wholesale electronics prices rose by between 5%-10% from February 14 due to recent devaluation of VND The wholesale electronics prices rose by between 5%-10% from February 14 due to recent devaluation of VND, the online newspaper Tuoitre reported on February 15, citing local traders. The retail prices will also increase in the coming promotion [...]
Although the fluctuation on the dong/US dollar exchange rate during the fourth quarter of 2010 inhibited Vietnam’s import growth for electronic products and spare parts, the country’s import value for these items posted a growth of 23% in 2010 and it is expected to continue to increase in 2011. In 2010, the country’s import spending [...]
Consumer electronics retailers are apt to offer big discounts on thousands of products to commemorate various occasions, be it a festival, a birthday, or an establishment anniversary. However, a Sai Gon Giai Phong (Liberated Saigon) report cites market observers as saying customers have to be careful in taking advantage of these promotions lest they end [...]
The consumer electronics industry has achieved a stable annual growth rate of 20-25 per cent in recent years but still failed to produce made-in-Viet Nam products for the local market at a rate comparable with the other countries in the region, says the general secretary of the Viet Nam Electronics Industries Association Tran Quang Hung. [...]
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