International Exhibition in Vietnam on Electronics Products 2008 (Vietnam Electronics 2008) will be held in HoChiMinh City, SR Vietnam during 26-29 November 2008.
With a population of 82.2 million, a fast growing economy – Vietnam, demonstrates itself as the most promising electronics market in Southeast Asia. Vietnam’s electronic industry targets US$4-6 billion in production value and US$3-5 billion in export turnover by 2010. By 2020, the electronics industry would become a chief driver of the nation’s economic development. IT hardware production in Vietnam is becoming more attractive to foreign investors. For example, the world’s leading computer processor manufacturer announced to build the largest assembly and test site in Vietnam that will be operational in 2009 and raise its investment to US$1 billion. Moreover, the Ministry of Finance announced to lower the average import tax on electronic parts from 9.41% to 6.36% in accordance with commitments made under ASEAN Free Trade Area (AFTA) agreement, which would encourage the import of electronic components and the assembly of the computers within the country. Duty on complete built unit electronic products, which have a local content of at least 40%, from ASEAN countries have been reduced down to between 0-5% from the previous 20-30%, that would have impacts on local production protection. Vietnam’s admission into the World Trade Organization (WTO) since January 2007 provides an important boost to the economy and ensures the continuation of free-market reforms followed by new opportunities for companies both locally and abroad.
more info->Vietnam Electronics 2008 - Your Gateway to the Booming Vietnam Electronics Market
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