Saturday, May 18, 2013

Vietnam rises as smartphone producer

Japan's prestigious economic daily Nihon Keizai on Tuesday ran an article saying that Vietnam is becoming a leading smartphone producer in the world.

According to the article, with the Samsung Electronics Vietnam (SEV)'s plan to produce 240 million smartphones in 2013, accounting for 20 per cent of the world market share, Vietnam is following close to China to win the world's number one position in this field.

In addition to bringing profits to the SEV, this plan will also help Vietnam benefit more from the growth of the electronic industry, create more job opportunities or develop relevant infrastructure.

The article attributed the SEV's selection of northern Vietnam to locate its production establishments to low labour costs and convenient exports of products to important markets such as Japan, China and Taiwan.

Last year, Vietnam exported approximately US$13 billion worth of phones and their parts, nearly doubling the previous year's figure.

The US's International Data Corporation (IDC) forecasts that the entire world will produce about 918 million smartphones in 2013, of which 50 per cent is made in China.-Asia News Network

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