2. Master plan for the development of electronics industry –$2 billion investment in 2010
3. Look into Vietnam Consumer Electronics Market (Computers, AV Devices & Mobile Handsets)
4. Digital TV in Vietnam Grows
5. Vietnam Emerging as Key Electronics Manufacturing Base
6. Semiconductor consumption projection in Vietnam
7. Samsung has Launched a High-tech Handset Production Factory in Vietnam
8. Sharp establish Consumer Electronics and Office Equipment Sales Subsidiary in Vietnam
9. IBM boosts Vietnam IT with new innovation center
10. Tax Reduction under WTO Greatly Benefit the Vietnam Electronics Market
Vietnam 10-year plan in ICT (2010-2020)
USD8.5 billion to make Vietnam strong ICT country by 2020
Vietnam will mobilise 144 trillion VND ($8.5 billion) to develop information and communication technologies (ICT) during 2010-2020 period in order to become a strong ICT country by 2020, according to a project drafted by the Ministry of Information and Communications.
Estimated Goals |
2010-2015 |
2016-2020 |
Investment Amount |
USD8.5 billion |
|
USD3.2Bilion |
USD5.3 billion |
|
Ranking list of the International Telecommunication Union |
70 |
60 |
ICT Industry will contribute the country’s gross domestic product (GDP) |
17-20% |
20-30% |
Coverage of broadband internet services to communes and wards nationwide, optic fiber cables radio and TV broadcast technologies in five big cities |
70％ |
90％ |
Households nationwide telephones coverage |
100% |
100% |
Households will have computers and access to broadband internet services |
20-30% |
70-80% |
Households have TV sets |
90% |
100% |
Finish building ICT infrastructure |
Urban Areas |
Village Areas |
Software outsourcing destinations and digital content producers |
Top 20 |
Top 10 |
Master plan for the development of electronics industry –$2 billion investment in 2010
Vietnam will need an estimated $2 billion by 2010 to develop its domestic electronics industry, of which up to 90 percent will come from foreign investors.
Sources: CEA
Look into Vietnam Consumer Electronics Market
- Vietnam’s consumer electronics devices market, defined as the addressable computing devices, mobile handsets and video, audio and gaming products, is projected to be worth around US$4.4bn in 2010.
- This is expected to increase to US$6.8bn by 2014, driven by growing affordability of key products.
- The electronics devices market is forecast to grow at an overall CAGR of 13% through 2014.
- Computers
- AV Devices
- Mobile Handsets
- The Vietnam Television Technology Investment and Development Company (VTC) received government permission to provide DVB-T broadcast services nationwide.
- VTC has piloted local and international DVB-T broadcasts for several years. The government’s recent authorization will enable VTC to broadcast to all 64 Vietnamese provinces and cities.
- SCTV, which supplies digital video broadcast cable (DVB-C) services, will also launch DVB-T services. BTV in southern Vietnam has expanded its DVB-T coverage to select Mekong Delta provinces since early 2005.
- Currently its DVB-C services supply 24 channels, and the number could rise to 32.
Vietnam Emerging as Key Electronics Manufacturing Base
Vietnam is emerging as an important electronics manufacturing destination. Driven by low-cost labor, low-cost operations, favorable government policies, and a strong work ethic, global EMS/ODM companies are increasing their activities in the country. Although Vietnam’s current EMS/ODM revenues are just a fraction of China’s and much lower than countries like Malaysia or Singapore, the country is experiencing very high growth rates. Aside from EMS/ODM players, Vietnam’s high tech manufacturing sector also hosts manufacturing operations of the world’s leading OEM companies like Canon, Fujitsu, LG, Samsung, and Sony.
Sources: Instant.com
Semiconductor consumption projection in Vietnam
- Semiconductor consumption in Vietnam is projected to grow at a Compound Annual Growth Rate (CAGR) of 23.6% from 2007 to 2012 to reach US$1.9 billion by 2012.
- Computing and consumer electronics accounted for 48.8% and 30.5%, respectively, of total Vietnamese semiconductor consumption in 2007.
- EMS/ODM revenues in Vietnam are expected to grow at a CAGR of 63.1% from 2007 to 2012 to reach US$1.5 billion by 2012.
Samsung has launched a high-tech handset production factory in Vietnam
Samsung has launched a high-tech handset production factory in Vietnam. The factory will create 2,500 jobs in 2009, scaling up to 12,000 by 2011 as production capacity increases.
Sources: Vnbusinessnews.com
Sharp establish Consumer Electronics and Office Equipment Sales Subsidiary in Vietnam
- Sharp Corporation will establish Sharp Electronics (Vietnam) Company Limited, a sales subsidiary for consumer electronics and office equipment in Ho Chi Minh City, Vietnam in Jun, 09
- With economic development in Vietnam spurring domestic consumption and giving rise to new wealthy and middle classes in urban areas, the country’s consumer electronics market is poised to continue growing. Sharp is working to expand business, improve after-sales service for end-users, and enhance brand value with this new subsidiary.
IBM boosts Vietnam IT with new innovation center
- IBM Corp. has opened the first IBM Innovation Center in Ho Chi Minh City, Vietnam.
- The University of Technology, Vietnam National University (VNU) in Ho Chi Minh City will collaborate and join the IBM Academic Initiative to establish a new university cloud computing center and a cloud curriculum.
- Also, the College of Technology, VNU in Hanoi will establish a Service Science Management and Engineering (SSME) department and jointly develop curriculum with IBM. Lastly, IBM will launch the first Vietnamese language version of IBM developerWorks, a global site to help IT professionals advance their technology skills.
Tax Reduction under WTO Greatly Benefit the Vietnam Electronics Market
Continuous tax cut as part of its commitment under IT Agreement as a new WTO member:
- 5% tax bracket -> 0% by 2010;
- 10% bracket -> 0% by 2012;
- 20-30% bracket -> 0% by 2014