Vietnam electronics assn looks for partners in EU, America
VEIA unveiled its plan at its 3rd congress for the 2009-2013 tenure in Hanoi on May 6, where the association agreed to admit more members, particularly telecoms and FDI enterprises along with a number of major distributors.It will also step up cooperative ties with overseas counterparts such as the Japan Electronics and Information Technology Industries Association (JEITA), the Korean Electronics Association (KEA), the Taiwanese Electrical and Electronic Manufacturers Association (TEEMA) and the Chinese Electronic Chamber of Commerce (CECC).
The congress heard that during the 2nd term, VEIA admitted an additional 51 members and none of its member businesses went bankrupt or were taken over despite being facing various challenges after Vietnam joined the World Trade Organisation (WTO) and the ASEAN Free Trade Area (AFTA).
The industry’s export turnover has grown steadily, reaching US$3 billion last year from US$1.43 billion in 2005. Its domestic revenues doubled in the 2005-2007 period, from US$1.5 billion to US$3 billion D.
VEIA has assisted the government, ministries and localities in mapping out policies regarding electronics, information technology and telecoms. It also successfully organised four expos in Vietnam and sponsored 10 delegations for more than 100 businesses to take part in trade fairs and conduct fact-finding tours overseas.
