Vietnam has planned to reap 3-5 billion U.S. dollars from exporting electronic goods in 2010, according to the Vietnam Electronic Industries Association on Wednesday.

Under the Overall Plan on Developing Vietnam's Electronics Industry till 2010 with a vision to 2020 approved by the Vietnamese government in May, the country has eyed electronics revenue of 4-6 billion dollars, including 3-5 billion dollars from export.

The industry will turn out more competitive electronic items, mainly finished products, components, spare parts and auxiliary goods used in informatics, telecommunications, medical electronics, industrial electronics, mechanical electronics, measurement and automation.

Vietnam earned 744 million dollars from exporting electronics goods in the first five months of this year, a year-on-year increase of 18.5 percent, according to the country's General Statistics Office.

Electronics companies in Vietnam, whose export turnovers rose 24 percent to nearly 1.8 billion dollars last year, are focusing on strengthening trade promotion in such big markets as Japan, Southeast Asia, China, South Korea and France, and conducting market surveys.

Many of the companies, which produce electronic items under outsourcing contracts with foreign firms, are trying to raise the added value in their products, partly by designing their own models, and intensifying production of components and spare parts for export, the association said.

Source: Xinhua