This is the goal of a master plan to develop Vietnam’s electronics industry through to 2010 with a vision till 2020, which was approved by Prime Minister Nguyen Tan Dung on May 30.

Under the plan, the domestic electronics industry aims to earn US$4-6 billion and US$3-5 billion in production revenue and export turnover, respectively, by 2010. The country expects to generate jobs for 300,000 workers and achieve a growth rate of 20-30 percent annually. By 2020, the industry must be a driving force behind economic development, making great contributions to the export sector and generating jobs for 500,000 workers.

The industry will develop engineers and technicians to keep pace with international standards, raise its production capacity to fulfill the domestic demand, and depend no more on imported products. Supporting industries are expected meet requirements for domestic consumption and export. Production establishments will be well located in keeping with regional development plans.

A list of measures will be taken to realize the master plan. They will be related to policy and mechanism, investment capital, key products, market, technology, human resources and subsidiary industries.

Source: VOV