HANOI: Despite electronics being a vital driving force of Vietnamese exports, many Vietnamese electronics producers are still not up to the mark for supplying components to global heavyweights, reported Xinhua quoting local media on Tuesday.
In the first seven months of this year, Vietnam earned nearly US$30.8 billion from exporting computers, electronic products, and components, down 3 per cent year on year, according to the General Statistics Office.
In the same period, the country reaped US$27.8 billion from shipping phones and components, down 18.3 per cent year on year, said the office.
Vietnamese electronics producers were withstanding the global economic downturn quite well, however, many of them stayed on the sidelines when global heavyweights moved their facilities to the country and outsourced their production, Vietnam News reported, citing Do Thi Thuy Huong, a member of the executive committee of the Vietnam Electronic Industries Association (VEIA).
She said it is necessary to have a regulation that requires global heavyweights to employ a certain number of local producers as vendors when they are doing business in Vietnam.
She noted that a storm is looming on the horizon as VEIA members had received no new orders from their traditional markets such as the United States, China, European Union, and South Korea by June. – BERNAMA-XINHUA
