Electronic industry posts impressive year on year growth

SGGP
Electronic industry posted an impressive year on year growth rate reaching 17.29 percent in the first ten months this year, reported HCMC Department of Industry and Trade.

Electronic component production at an domestic firm (Photo: SGGP)

Electronic component production at an domestic firm (Photo: SGGP)

Computers, electronic products and components export turnover touch US$7.94 billion, increasing 17.6 percent over the same period last year and accounting for 30.78 percent of total export turnover excluding crude oil.
The high growth rate was thanks to stable consumption and intensified development investment. Some businesses have taken the initiative in investing in modern technology and machines to make support products, able to compete with import items and meet the demand of end-product manufacturers.

By P.DUY – Translated by Hai Mien

Other news