The electronics export turnover has increased sharply in recent years, from US$166 million in 2002 to US$2.15 billion in 2007. It is estimated to reach US$3 billion at the end of this year.

Vietnam’s electronics products and computer components are being exported to 40 countries and territories around the world, especially to the EU market.

The electrics products’ exports to the EU market reached nearly US$170 million in the first five months of this year, increasing by 38.6 percent against the same period last year and holding 17 percent of the country’s total export turnover.

The electronics products’ export turnover in other markets such as Thailand, Japan and China also saw high growth rates.

The Ministry of Industry and Trade said the increase in electronics exports to foreign markets is attributed to the increase in the number of foreign investment projects, including large-scale projects, in the electronics industry.

With their current growth, electronics products and computer components are included in the list of the country’s export staples from 2006-2010, with their export turnover estimated to reach US$5 billion by 2010.

The Ministry asked businesses to focus on producing electronics products for informatics, telecommunications, health and industry. It also requested enterprises to improve product quality and samples and reduce the prices of civil electronics products to increase shares in the domestic market.