Seminar discusses support for hi-tech exports
(VOV) - Preferential policies to encourage the export of hi-tech products should receive more attention, said President of the Ho Chi Minh City Informatics Association Chu Tien Dung at a seminar in HCM City on June 19.
Le Bich Loan, deputy head of the city’s hi-tech zone management board, said that the zone has 71 licensed projects capitalized at US$2.240 million and began exporting products several years ago.
In the first five months of this year, the zone exported a total of US$5.269 million in products, generated 16,900 jobs and contributed VND300 billion to the State budget.
Dung recommended some solutions to boost hi-tech exports such as increasing trade promotions, developing a national trademark for hi-tech products, and creating incentives for training qualified IT staff for businesses, as well as simplifying formalities to help businesses hire qualified, effective people to assume key positions.
He also asked the State to facilitate foreign direct investment (FDI) attraction and continue providing preferential support for corporate income tax and import tax for IT product manufacturers and exporters.
Last year, hi-tech exports in HCM City reached US$2.46 billion, three times higher than 2011’s level and accounting for 11.4 percent of the country’s total export turnover (excluding crude oil).
The Intel Group in the city’s hi-tech zone exported US$1.9 million worth of products alone. Asia and the US are the primary markets for these products.