Phu Tho: Export of electronic equipment and components increased by 45.9%

Since the beginning of 2024, the export of electronic components, machinery, and electrical equipment products of Phu Tho has increased by 45.9%.

Operation of solar panel production line at Vietnam Sunergy Cell Co., Ltd. (Cam Khe Industrial Park)

According to information from the Provincial People’s Committee, the province’s import and export turnover this year is estimated at USD30.25 billion, an increase of 55.2%, of which exports reached USD15.450 billion, an increase of 39.6%, making Phu Tho continue to be in the top provinces with high contributions to the country’s import and export, while showing a strong and sustainable recovery of production and business activities in the province.

Some items have double-digit export growth, typically the group of electronic components, machinery, and electrical equipment reaching USD13.7 billion, up 45.9%. According to the explanation of the leaders of the Department of Industry and Trade and the Department of Planning and Investment, the investment projects gradually coming into operation have added important new capacity, strongly promoting the province’s export turnover, especially in the field of manufacturing electronic equipment and components.

Typical examples are the project to expand the production line and process memory modules for servers and personal computers, produce and process SSD hard drives of HangYang Digitech Vina Co., Ltd.; the project to produce tablets and electronic components of BYD Vietnam Company; the project to produce wireless headphones of Innovation Vietnam Co., Ltd.; and the solar panel production project phase I and phase II of Vietnam Sunergy Cell Co., Ltd. has added important capacity, increasing industrial production and exports of Phu Tho.

It is forecasted that in 2025, the export of electronic equipment and components of Phu Tho will continue to increase when a series of new projects and production expansion projects will come into operation.

Dinh Vu