Vietnam expects that export revenues of industrial products will increase by 17 percent year-on-year to almost US$34 billion next year, making up 76.6 percent of the country's total export turnover. Five key industries, namely crude oil, garment and textiles, leather and footwear, wood works, electronics and computer components may register export value of over $2 billion each in 2007, according to the Industry Ministry. The ministry also predicted that the goods some other products, including fine art articles and handicrafts and plastic may continue to register high growths in 2007 … [Read more...] about Vietnam’s key industrial exports to surge in 2007
Vietnam key industries
15 Key Industrial Products of Ho Chi Minh City
New fifteen products are recognized as key industrial products of Ho Chi Minh City (HCMC). The products have been chosen from among 43 products of 35 businesses eligible for the program to support key industrial products of HCMC over the past two years. A preliminary review on the Program was held on March 15. It was aimed at analyzing experience of the past activities and discussing measures to promote the program for the future. At the meeting, the program management board announced the selected 15 key industrial products of the City. These products will be affixed with an official logo of the program on the occasion of April 30 and May 01, 2006. 11 companies winning the key industrial product title Company Product Tan Cuong Thanh Cable Company Electric cables Asian Huu Lien Joint Stock Company Stainless steel pipes Viet Tien Garment Company Garment products Vina Acecook Company Instant noodles Liksin Packaging Corporation Multi-layer packaging Saigon Transport … [Read more...] about 15 Key Industrial Products of Ho Chi Minh City
Optimize Technology Transfers from Japan to Vietnam with “Vietnam Supporting Industries Forum # 5
Mr Chainarong Limpkittisin, Managing Director of Reed Tradex said that according to HSBC, South East Asia's FDI inflows is accounted for 7.6 per cent of global FDI - almost equal to China's 8.1 per cent. With their young populations, these countries and India should see further FDI increases from companies looking to capitalize on low-cost labor. Among the ASEAN countries, Vietnam attracts the second-highest amount of foreign direct investment (FDI) after Singapore . Vietnam's industrial sectors have only focused on basic assembly rather than developing the supporting industries, which has prevented businesses from attracting foreign investors. According to the Ministry of Industry and Trade (MIT), Vietnam annually spends US$100 billion for imports, including over US$20 billion (23%) for machinery and equipment. In many key industries, the proportion of domestically-made inputs are accounted around 25-30%. These are evidences of the weak performance of domestic supporting industries. … [Read more...] about Optimize Technology Transfers from Japan to Vietnam with “Vietnam Supporting Industries Forum # 5
Vietnamese officials keep arguing about key industries
VietNamNet Bridge - No industry has developed into the key industry of the nation which can enjoy the preferences from the State. It is because the argument among the relevant ministries and branches on the issue still continues. Vietnam has decided that it needs to become an industrial country by 2020. And in order to become an industrial country, it needs to develop some priority industries which would serve as the driving force to help encourage the development of other industries. The deadline of 2020 would come in seven years. But Vietnam still keeps arguing about what should be the key priority industries. The Ministry of Industry and Trade is drafting a national program on industry development by 2020 with the vision until 2030, suggesting a list of six priority industries. These include electronics production (electronic accessories, telecom), mechanical engineering (shipbuilding, agriculture machines, automobile industry and steel), textile and garment, energy (offshore … [Read more...] about Vietnamese officials keep arguing about key industries
Vietnam fumbles for key industries
The taskforce on industrialization strategy has recently put forward a list of 12 key industries for consideration. The industries include electronics, automobile, motorbike, shipbuilding and food processing, steel, petrochemicals, footwear and garments, software, environment-friendly infrastructure equipments, heavy equipments and agricultural machines. The list has been associated with the list of supporting industries such as spare part and engine, chassis and printed circuit boards. Vietnam vows to become an industrial country Twelve industries have been put on the table for consideration, but the taskforce would cut down to five to gather investment resources. The list would be ready by March 2012 before it is submitted to the government. “Key industries” is understood as the industries which can generate the driving force and lead other economic sectors. They are also the industries which can create the positions and brands typical for national products. The … [Read more...] about Vietnam fumbles for key industries