Vietnam Rises as Smartphone Producer

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Vietnam Rises as Smartphone Producer

  1. 1. Vietnam Rises as Smartphone ProducerA mobile phone production line at Samsung Electronics VietNam. The country is becoming the worlds leading mobilephone producer, according to a Japanese daily. — VNA/VNSPhoto Duc TamHA NOI (VNS)— Japans prestigious economic daily Nihon Keizai on Tuesday ran an articlesaying that Viet Nam is becoming a leading smartphone producer in the world.According to the article, with the Samsung Electronics Viet Nam (SEV)s plan to produce 240million smartphones in 2013, accounting for 20 per cent of the world market share, Viet Nam isfollowing close to China to win the worlds number one position in this field.In addition to bringing profits to the SEV, this plan will also help Viet Nam benefit more fromthe growth of the electronic industry, create more job opportunities or develop relevantinfrastructure.The article attributed the SEVs selection of northern Viet Nam to locate its productionestablishments to low labour costs and convenient exports of products to important markets suchas Japan, China and Taiwan.Last year, Viet Nam exported approximately US$13 billion worth of phones and their parts,nearly doubling the previous years figure.The USs International Data Corporation (IDC) forecasts that the entire world will produce about918 million smartphones in 2013, of which 50 per cent is made in China. — Source: VNS

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