VIETNAM ELECTRONIC COMPONENT REPORT Q4 /...

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VIETNAM ELECTRONIC COMPONENT REPORT Q4 / 2017

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Content

Name Page Name Page

Abbreviations 3 2.2.1. History of industry formation and development 51

Summary 4 2.2.2. Status of the value chain linkage in the electronics industry 52

1. Business environment 6 2.2.3. Production technology 56

1.1. Macroeconomic situation 6 2.2.4. Materials 58

1.2. Legal framework 13 2.2.5. Production 59

1.3. Impact of trade agreements 18 2.2.5. Consumption 65

2. Industry overview 26 2.2.7. Import Export 68

2.1. World market 26 2.2.8. Analysis of business activities by geographical area 75

2.1.1. Definition and classification 27 2.3. Sector specific risk 81

2.1.2. Manufacturing electronic component process 28 2.4. Sectoral development zoning 82

2.1.3. Production network model in the electronics industry 29 2.5. Prospects and forecasts 86

2.1.4. Electronic component manufacturing methods 30 2.5.1. Motivation for sector development 87

2.1.5. Production and Consumption 31 2.5.2. Industry outlook forecast 91

2.1.6. Import Export 35 3. Enterprise Analysis 97

2.1.7. Current state of production and consumption in

some typical countries37 3.1. Enterprise introduction 98

2.1.8. Leading companies in the industry 44 3.2. Financial analysis 101

2.2. Vietnam market 50 4. Appendix of financial statements 106

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Abbreviations

CIEM The Central Institute for Economic Management SIA Semiconductor Industry Association

IT Information Technology SIDEC Supporting Industry Enterprises Development Center

SI Supporting Industry IP Intellectual Property

HI High Technology SMT Surface Mount Technology

EI Electronics Industry SMD Surface Mount Device

DBS The Development Bank of Singapore IP Industrial Production

FIA Foreign investment agency MNC Multinational Corporation

FTA Free Trade Agreements GSO General Statistics Office

AV Added Value GDVC General Department of Vietnam Customs

JEITAJapan Electronics and Information Technology

Industries AssociationLTD Limited

JETRO Japan External Trade Organization TPP Trans-Pacific Partnership Agreement

KCN Industrial Zone VEIA Vietnam Electronic Industries Association

MFN Most Favoured Nation WTO World Trade Organization

SBV State Bank of Vietnam WTST The semiconductor trade statistics center

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Summary

• Vietnam has a tendency to shift its industry to processing and manufacturing sectors, reduces its reliance on mining because of increasingly depleted

natural resources, increasingly difficult conditions for mining and price abnormal fluctuation.

• The semiconductor industry contributes over 60% of the total manufacturing value of electronic component sector in the period 2010-2016.

• The world electronics market has long been dominated by industrialized countries such as the United States, Japan and some European countries.

• The world electronics market is in a saturated phase when demand is weak and there are no breakthroughs in products.

• According to GSO, industrial index of production in the first nine months of 2017 of electronic, computer and optical products increased by 25.1% over

the same period in 2016,

THE CONTENT IS INTENTIONALLY REMOVED FOR DEMO

PURPOSE

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Summary

• Vietnam's participation in many trade agreements in the future will help attract foreign investment, especially for direct investment; promote the

process of technology transfer; improve the level of business management and increase business productivity.

• In the first nine months of 2017, large enterprises invested much in production technology, machinery and equipment in order to renovate

technology, expand the scale thereby increasing a large amount of long-term assets which are imported into Vietnam.


PURPOSE

6

Content

1 Business environment

1.1 Macroeconomic situation

1.2 Legal framework

1.3 Impact of trade agreements

7

1. Business environment


Source: VIRAC, GSO

Source: VIRAC, GSO

• GDP in the first 9 months of 2017 was estimated at 6.41%, increasing 5.15%

in Q1, 6.28% in Q2 and 7.46% in Q3 (a record high over the past years).

Billion VND

Production value of the electronics industry, 2009 - 9M/2017e

GDP Growth Rate, 2011 – 9M/2017e


PURPOSE

8



%

Source: VIRAC, SBV

VND / USD exchange rate, 2015 – 9/2017

Mortgage interest rate, 2011 - 9M/2017e

Source: VIRAC, GSO

The average mortgage interest rate is on the downward trend

The exchange rate evolution in 9M/2017 was quite bleak, the

VND/USD exchange rate was not much fluctuated and remained

around 22,350 and increasing to 22,470 on September 30th.


PURPOSE

9

Source: VIRAC, GSO



USD/monthMillion VND/person

Source: VIRAC, JETRO

Minimum wages of some countries in the region, 2016

Source: VIRAC, Ministry of Labor,

War Invalids, & Social Welfare

Job displacement by industry in Q2/2017, compared with

Q2/2016 and Q1/2017

Unit: Thousand people

Labor productivity in Vietnam, 2006 - 2016

Golden population structure with the working age population as of the third

quarter of 2017 is still high


PURPOSE

10



The import-export value of electronics, computers,phones and

components, 2010 - 9M/2017e

Source: VIRAC, GDVC

Billion USD

Source: VIRAC, GDVC

Most imported goods, 9M/2017e

Billion USD

Source: VIRAC, GDVC

Most exported goods, 9M/2017e


PURPOSE

11



Source: VIRAC, FIA

Source: VIRAC, FIA

Billion USD

FDI attraction by , 9M/2017e

Foreign direct investment, 2014 - Q3/2017e FDI projects have strong growth in the first 9 months of 2017,

In the first nine months of 2017, foreign investors invested in 18 sectors,


PURPOSE

12

Large FDI projects in electronics sector in Vietnam

Source: VIRAC, SIDEC, FIA



No Project LocationInvestment

CapitalMain products Activity Year


PURPOSE

13

Content



1.2 Legal framework



1.2 Legal framework

14

1.2.1. Tax policy

About import - export tax

About value added taxTHE CONTENT IS INTENTIONALLY REMOVED FOR DEMO

PURPOSE

15


1.2 Legal framework

1.2.1. Tax policy

About Corporate income tax


PURPOSE

16

1.2.3 Credit policy

1.2.4. Land policy


1.2 Legal framework


PURPOSE

17


1.2 Legal framework

1.2.5 Technology policy

1.2.6. Environmental policy and food safety and hygiene policy

1.2.7. Other general policyTHE CONTENT IS INTENTIONALLY REMOVED FOR DEMO

PURPOSE

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Content



1.2 Legal framework


19

1995 1998

2000

2002

2006

2007

2008

2009

2011 2015

Vietnam's integration process since 1995

2016




PURPOSE



20

1.3.1. WTO - Vietnam has become the 150th member of the WTO since November 7, 2006

No Criteria

MFN pre-

accession

rates (%)

WTO tax commitment

By joining (%) At last (%)

Commitment to reduce import tariffs in the WTO for electronic products

Commitments


PURPOSE



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The impact of the WTO on the electronic component market in Vietnam:

Positive impact

Negative impact


PURPOSE



22

1.3.2. TPP - Trans-Pacific Partnership Agreement

Commitments

Positive Impact


PURPOSE



23

Negative Impact

1.3.3. EVFTA Agreement


PURPOSE



24

1.3.4. Regional Comprehensive Economic Partnership - RCEP


PURPOSE



25

1.3.5. Other Agreements


PURPOSE

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Content

2 Industry overview

2.1 World market

2.2 Vietnam market

2.3 Sector specific risk

2.4 Sectoral development zoning

2.5 Prospects and forecasts

27

2. Industry overview

2.1. World market– 2.1.1. Definition and classification

Definition

Classification

List of some electronic components:


PURPOSE

28


2.1. World market– 2.1.2. Manufacturing electronic component process

Source: VIRAC

Process explanation


PURPOSE

29

2 . Industry overview

2.1. World market– 2.1.3. Production network model in the electronics industry

Production network model in electronics sector

Source: VIRAC

• Starting from cheap labor as well as location advantage in indigenous markets and with the boom of the Internet, developing countries including

Vietnam have more opportunities to participate in the electronic product supply chain in the global market.


PURPOSE

30


2.1. World market– 2.1.4 Electronic component manufacturing methods


PURPOSE

31


2.1 World market– 2.1.5 Production and Consumption

Source: VIRAC, JEITA, SIA

Source: VIRAC, JEITA

Billion USD

Billion USD


PURPOSEProduction and consumption value of semiconductor

devices,2010 - 2016f

Total production value of global electronic components,

2010 - 2016f

Total production value increased sharply from 2012, but there have been signs of

slowing down since 2014.

32

Source: VIRAC, SIA

Source: VIRAC, WSTS

Growth %


2.1 World market– 2.1.5 Production and Consumption

Billion

USDTHE CONTENT IS INTENTIONALLY REMOVED FOR DEMO

PURPOSE

Market share of semiconductor equipment, 2016e

Revenue of semiconductor devices by type of product, 2016e

• Over the past two decades, industrialized countries have

transfered low- and middle-level integrated electronic

components production to developing countries through foreign

investment to establish manufacturing facilities.

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2.1 World market- 2.1.5 Production and Consumption

Passive component consumption value by quarter, 2012 - 2016

Source: VIRAC, Paumanok Publications, Inc.

Million USD


PURPOSE

In addition to the semiconductor devices (active component group), the other group also accounts for a large proportion of passive components

including capacitors, resistors, inductors and transformers, switches and printed circuit boards (PCs).

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2.1 World market- 2.1.5 Production and Consumption

Input material price of passive components, 2012 - 3/2017

Source: VIRAC, Paumanok Publications, Inc.

USD THE CONTENT IS INTENTIONALLY REMOVED FOR DEMO

PURPOSE

• Metal price fell mainly due to decreasing demand in emerging countries, global industrial production slowed down.

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2.1 World market- 2.1.6 Import Export

Source: VIRAC, UncomtradeSource: VIRAC, Uncomtrade

Billion USD

* Description of goods with HS code in the following slide.

Import value of electronic components in the world, 2012 - 2016Market share of some typical HS code, 2012-2016


PURPOSEGlobal import demand for electronic components continued to increase over the period 2010-2014, but the pace of growth in the period 2014-2016 was

slower due to

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2.1 World market- 2.1.6 Import Export

HS Code Name of Products

The world import market for electronic components, 2016

Source: VIRAC, Uncomtrade


PURPOSEChina has always been the world leader in import turnover of electronic

components,

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2.1 World market- 2.1.7 Current state of production and consumption in some typical countries

Source: VIRAC, SIA. WSTS, PwC. HIS Global

US semiconductor market revenue 1984-2015Billion USD

USA Electronic Component Market


PURPOSE

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Market share and equivalent value of semiconductor manufacturing companies in 2015

Source: VIRAC, SIA. WSTS


Billion Yen

Japan Electronic Component Market


PURPOSE Electronic component production value in Japan,

2010-2016

39




Billion

Yen



PURPOSE

Electronic components export - import of Japan,2010 - 2016 Structure of integrated circuit import and export of

Japan,2010 - 2016

• In the Japanese electronics industry, active components (semiconductor devices typically) and passive components are mainly used for export

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China Electronic Component Market

Thousand of

billions CNY

Source: VIRAC, General Statistics Office of China


PURPOSE

Revenue of China Electronic Components, 2011-2016e

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Billion CNY

Source: VIRAC, General Statistics Office of ChinaTHE CONTENT IS INTENTIONALLY REMOVED FOR DEMO

PURPOSE

China Integrated Circuit Production, 2010 - 2015

In recent years, China's electronics industry has continued to grow rapidly, leading to the strong development of the electronics industry.

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Production and import-export value of electronic components of Korea,

2014 - 2016e

Source: VIRAC, Statista

Source: VIRAC, Dramexchange


PURPOSEDRAM revenue share, 2014 - 2016

Korea Electronic Component Market

Korea is the fourth largest importer of semiconductors in the world and the second largest semiconductor producer in the world after the United States.

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Taiwan Electronic Component Market

Source: VIRAC, ITA

Billion

USD

Billion

USD

Source: VIRAC, ITA


PURPOSE

Taiwan electronic component export and import, 2014 - 2017fTaiwan market and electronic component production value,

2014-2017f

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Rank in 2015 Rank in 2016 ProducerRevenue 2015

(Million USD)

Revenue 2016

(Million USD)

Growth

2015-2016 (%)

Market Share 2016

(%)

List of the 10 largest global semiconductor vendors in 2015-2016

Source: VIRAC, Telecomlead


2.1 World market- 2.1.8 Leading companies in the industry


PURPOSE

45



%World tablet sales, 9M/2017

Million pcs

Source: VIRAC, IDC


PURPOSE

46



Million pcs %

Market share of personal computer producers, Q3/2017

Source: VIRAC, IDC

World Personal Computer Sales, 9M/2017

Source: VIRAC, IDCTHE CONTENT IS INTENTIONALLY REMOVED FOR DEMO

PURPOSE

• By 2017, the global PC market will continue to decline due to

• In the personal computer market, HP continues to be the leading PC

manufacturer

• Personal computer market in the first half of 2017 developed gloomily due

to

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World smartphone sales, 9M/2017

Source: VIRAC, IDC

Million pcs %


PURPOSEAs of the first nine months of 2017, smartphone sales rose sharply

Three of the five largest global smartphone companies from China - Huawei, OPPO and Xiaomi - all show impressive growth thanks to the success of

mid-range and low-end smartphones.

48



Business results of the third quarter of 2017 by some mainframe electronics companies

Apple's revenue structure, Q3/2017

Source: VIRAC, IDC

Source: VIRAC, IDC

Revenue structure on Apple markets, Q3 / 2017THE CONTENT IS INTENTIONALLY REMOVED FOR DEMO

PURPOSE

Apple

49




PURPOSE

Samsung

LG

Sony

50

Content

2 Industry overview

2.1 World market

2.2 Vietnam market




51


2.2. Vietnam market – 2.2.1. History of industry formation and development


PURPOSE

• In 1976, the state budget spent tens of millions of rubles to build two factories producing electronic components.

• Since the 1990s of the 20th century, the new sector officially entered the restructuring phase to go into development at a time when Vietnam began to

open up and integrate into the global economy.

• Since the 1990s, the electronics industry in Vietnam has developed through two phases.

52

Value chain of electronics sector

Source: VIRAC


2.2. Vietnam market – 2.2.2. Status of the value chain linkage in the electronics industry- Vietnam's position in the electronics supply chain


PURPOSE

53

Source: VIRAC


2.2. Vietnam market – 2.2.2. Status of the value chain linkage in the electronics industry- Localization rate of Vietnam electronics industry

Localization rate of Japanese electronics enterprises in some countries, 2015


PURPOSE

• The domestic electronic accessories are increasing, but underdeveloped, the localization rate of electronic products is very low,

54


2.2. Vietnam market – 2.2.2. Status of the value chain linkage in the electronics industry- Localization rate of Vietnam electronics industry

Global value chain of Samsung and Vietnam

Source: VIRAC


PURPOSE

• Vietnamese enterprises have not yet provided electronic parts specific to the electronics industry.

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No Issue Mainly assessed item

Required portfolio of MNCs for component suppliers

Source: VIRAC, SIDEC

3 2 . Industry overview

2.2. Vietnam market – 2.2.2. Status of the value chain linkage in the electronics industry- Causes that make Vietnamese enterprises stand outside the supply chain


PURPOSE

• According to the standard of modern production management,

the competitiveness of components and spare parts depends on

three basic factors:

• Causes leading to the weakness of the electronic component industry in Vietnam:

56


2.2. Vietnam market – 2.2.3. Production technology/Machinery


PURPOSE

• Today, Surface Mount Technology (SMT) is the most widely used technology in the electronics manufacturing industry.

• In general, the process of pasting components onto the circuit board using SMT technology consists of four basic steps:

57



2.2. Vietnam market – 2.2.3. Production technology/Machinery


PURPOSE

Origin of machinery and technology in electronic component industry in Vietnam, 2015

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Metal in some electronic components

Weight

Components Iron (%)Aluminu

m (%)

Copper

(%)

Silver

(ppm)

Gold

(ppm)

Palladium

(ppm)

Giá trị

Components Iron (%)Aluminu

m (%)

Copper

(%)

Silver

(ppm)

Gold

(ppm)

Palladium

(ppm)

Source: VIRAC


2.2. Vietnam market – 2.2.4 Input Materials


PURPOSE

• The figures show that market linkage

between supporting industrial enterprises is very poor; Therefore, it is

difficult to participate in the supply chain of foreign corporations.

59


2.2. Vietnam market – 2.2.5 Production



VND

Billion

Electronic Component Production Value, 2011 - 9M/2017e


PURPOSE Structure of electronic production, 2015

• However, the production of auxiliary products in general and

electronic components in particular is not encouraged.

%

60




Source: VIRAC , GSO

Industrial Index of Production of Electronic Component Sector by month,

2016 – 2017(Original as of 2010)


PURPOSE Supply structure of electronic components, 2015

The market for electronic

components in the last 3 months of 2017 is expected to have many good

signals:

• Component manufacturing and supporting industry of Vietnam has not

been developed because this is a sector that requires large capital

investment.

61

Source: VIRAC, GSO

Component name Unit 2010 2011 2012 2013 2014 2015 2016 9M/2017e

Production of electronic components in Vietnam, 2010-9M/2017e




PURPOSE• The production of electronic components increased sharply with the participation of many large electronics corporations, Vietnam electronics industry in

general and supporting industry for it in particular will continue to attract a large number of enterprises.

62

Source: VIRAC, GSO

Source: VIRAC, GSO




PURPOSE

Number of enterprises and workers in electronic components

industry, 2010 - 2015

Classification of electronic component enterprises by region, 2015

63

Source: VIRAC, GSO

Source: VIRAC, GSO



VND

Billion

VND

Thousand of

Billions


PURPOSE

Total investment capital and fixed assets of electronic component

sector, 2010-2015

Revenue and profit of electronic component enterprises, 2010 -

2015

64

Company name Country Location

Investment

Capital

(Million

USD)

Production Capacity / Sector

Some FDI projects investing in electronic components industry, 2014 - 2016

Source: VIRAC




PURPOSE

65

Source: VIRAC, GSO


2.2. Vietnam market – 2.2.6 Consumption

Million USD

Electronic component consumption value, 2010 - 9M / 2017e


PURPOSE• According to the Consumer Electronics Association (CEA), the world's

electronics market is booming and opening up several great

opportunities,

66

Source: VIRAC




VND

BillionTHE CONTENT IS INTENTIONALLY REMOVED FOR DEMO

PURPOSE

Main customers of electronic components industry 2015

%

Top 10 doanh nghiệp LKĐT có doanh thu cao nhất 2016

• In the top 10 enterprises having the largest revenue in electronic

components industry, there is no contribution of domestic enterprises, but

of FDI enterprises from Korea, Japan ...

67


Materials, technology Quantity / month


Demand for electronic components of Canon Vietnam

Demand for component products of Intel

Direct

Indirect




PURPOSE

• Multinational corporations specializing in electronic products also have a

high demand for electronic components.

68


2.2. Vietnam market – 2.2.7 Import Export – Kinds of phones and components

Phones and components export of Vietnam through 2015-2017

Source: VIRAC, GDVC


PURPOSE Market structure of phones and components export, 9M / 2017

Source: VIRAC, GDVC

• In the first nine months of 2017, export of telephones and components

to the UAE and the United States decreased:

• For the export of FDI enterprises:

69



Global smartphone market share structure and sales, Q3 / 2017

Source: VIRAC, IDC

%Million pcs

Source: VIRAC, GDVC

Unit: Billion USD

Top 10 Largest Phones and Components Exporters, 9M/2017


PURPOSE

70



Source: VIRAC, Un comtrade, GDVC

Import turnover of phone spare parts and accessories,

2010 - 9M/2017e

Million USD

Source: VIRAC, GDVC


PURPOSE Market structure for supplying phones and components for

Vietnam, 9M / 2017

• Về nhập khẩu của các doanh nghiệp FDI:

• In September 2017, imports of phones and components were from major

markets including: China, Korea, Japan, Hong Kong, Taiwan, USA;

71


2.2. Vietnam market – 2.2.7 Import Export – Computers, electronic products and components

Source: VIRAC, GDVC

Export structure of computers, electronic products and

components by enterprise sector of Vietnam, 9M / 2017

Export turnover of computers, electronic products and

components of Vietnam, 2010 - 9M/2017

Source: VIRAC, GDVC

Billion

USD

%


PURPOSE

Source: VIRAC, GDVC

Top 10 largest computer and electronic component exporters,

9M/2017

72


2.2. Vietnam market – 2.2.7 Import Export - Computers, electronic products and components

Source: VIRAC, GDVC

Top 10 export markets for computers, electronic products and

components of Vietnam, 9M / 2017

Unit: Million USD

Top 10 export items with the highest FDI, 9M / 2017e

Source: VIRAC, GDVC


PURPOSE

73



Import turnover of computers, electronic products and components of Vietnam by month in 2016-2017

Source: VIRAC, GDVC

Billion

USD


PURPOSE

74



Top 10 supply markets for computers, electronic products and

components in Vietnam, 9M / 2017

Source: VIRAC, GDVC

Top 10 largest computer and electronic component importers,

9M / 2017

Source: VIRAC, GDVC

Unit: Billion USD


PURPOSE

75


2.2. Vietnam market – 2.2.8 Analysis of business activities by geographical area

Hung Yen Province


PURPOSE

76

Bac Ninh Province




PURPOSE

77




PURPOSE

78

Vinh Phuc Province




PURPOSE

79

Hai Phong Province




PURPOSE

80

Thai Nguyen Province




PURPOSE

81

Content

2 Industry overview

2.1 World market

2.2 Vietnam market




82

Risk of raw materials

Occupational safety and health risk


2.3. Sector specific risk


PURPOSE

83

Environmental risk

Policy risk




PURPOSE

84

Competitive risk

Risk of increasing labor costs

Region

2017 Changes

compared to

2016(%)VND Million USD

Minimum wage by region from January 1, 2017

Source: VIRAC, MOIT




PURPOSE

85




PURPOSE

Strengths Weaknesses

Opportunities Threats

86

Content

2 Industry overview

2.1 World market

2.2 Vietnam market




87


2.4.Sectoral development zoning


PURPOSE

On Jan 18, 2017, the Prime Minister issued Decision No. 68 / QD-TTg on the program of supporting industry development from 2016 to 2025.

On October 8, 2014, the Ministry of Industry and Trade issued Decision No. 9028 / QD-BCT approving the master plan on development of supporting

industries up to 2020, with a vision to 2030.

88




PURPOSE

On Jan 7, 2015, the Ministry of Industry and Trade issued Document No. 82 / BCT-CNNg on the announcement and implementation of the master plan for

development of supporting industries of Vietnam until 2020, vision to year 2030

89




PURPOSE

According to Decision No.880 / QĐ - TTg

By 2020

90




PURPOSE

By 2030

• In order to support organizations and individuals to enhance their capacity in supporting industry development, the Ministry of Industry and Trade is

drafting the "Program on Supporting Industry Development for 2016-2025".

91

Content

2 Industry overview

2.1 World market

2.2 Vietnam market





2.5 Prospects and forecasts – 2.5.1 Motivation for sector development

92

From the general situation of electronic components industry in the world

From the economic integration of Vietnam to the worldTHE CONTENT IS INTENTIONALLY REMOVED FOR DEMO

PURPOSE



93

From geographic location and population of Vietnam


PURPOSE



94

From the Government of Vietnam

From the potential demand of the domestic market

Source: VIRAC, GfK

Billion

USD

Top 10 largest electronics consuming markets in terms of value, by 2015


PURPOSE

95



Source: VIRAC, GfK

VND Billion

Revenue of domestic electronics technology groups, 9M / 2017

Source: VIRAC, GfK

VND Thousand

of Billions

Revenue and growth of electronics market in Vietnam, Q3 / 2014 -

Q3 / 2017THE CONTENT IS INTENTIONALLY REMOVED FOR DEMO

PURPOSE


2.5 Prospects and forecasts – 2.5.2 Industry outlook forecast

96

No Product Demand in 2020



PURPOSE

97

Content

3 Enterprise Analysis

3.1 Enterprise introduction

3.2 Enterprise Analysis

98


3.1. Enterprise introduction

Sai Gon STEC Co., Ltd.

Intel Products Vietnam Co., Ltd.

Foster Electronics Co., Ltd

99

HOSIDEN VIETNAM CO., LTD

Haesung Vina CO., LTD.

Meiko Vietnam CO., LTD.



100

Hanoi Doosung Tech Co., Ltd.

Sumiden Device Innovations Vietnam



101

Content


3.1 Enterprise introduction

3.2 Enterprise Analysis

102


3.2. Enterprise Analysis

VND Billion

Source: VIRAC

Source: VIRAC

Net revenue from sales and services, 2015 - 2016

VND Billion

Gross Profit and Gross Profit Margin, 2016

• Most of the companies in the group have sales growth in 2016

compared to 2015,

• Gross margin of the group is very low.

103



Enterprise Cost of Sales

Business

Management

Cost

Net

revenue

Cost of

Sales/Net

revenue

Business

Management

Cost/Net

revenue

Cost of Sales and Business Management CostUnit: VND Billion

VND Billion

Source: VIRAC

Source: VIRAC

Asset structure, 2016

104



VND Billion

Source: VIRAC

Source: VIRAC

Capital structure, 2016

Solvency, 2016

105



ROS ROA ROE

LNST

(Billion

USD)

DTT

(Billion

USD)

AVERAGE

OWNER’S

EQUITY

(Billion USD)

Total average

assets

(Billion USD)

Source: VIRAC

Source: VIRAC

Performance indicators, 2016

Asset using effectiveness, 2016

106

Content

4 Appendix of financial statements

107

APPENDIX

Sai Gon STEC Co., Ltd.

Indicator Closing Balance Opening Balance

1. Revenue from Sales and services rendered

2. Deductions for sales

3. Net Revenue from Sales and services rendered

4. Cost of goods sold

5. Gross Profit from sales and services rendered

6. Financing income

7. Financial expenses

- In which: Interest Expenses

8. Cost of Sales

9. Administration cost

10 Net profit from business activities

11. Other income

12. Other expenses

13. Other profits

14. Gross accounting profit before tax

15. Current Corporate Income Tax Expenses

16. Deferred Corporate Income Tax Expense

17. Profit After Enterprise Income Tax

BUSINESS RESULTS REPORTUnit: VND Million

Indicator 2016 2015

TÀI SẢN

A. CURRENT ASSETS

I. Cash and cash equivalents

II. Short-term Investments

III. Short-term Receivables

1. Short-term trade receivables

IV. Inventories

V. OTHER CURRENT ASSETS

B - LONG-TERM ASSETS

I- Long-term receivables

II. Fixed assets

III. Real estate investment

V. Long-term financial investments

V. OTHER LONG-TERM ASSETS

TOTAL ASSETS

C - LIABILITIES

I. Short-term Liabilities

1. Short-term payables

II. Long-term Liabilities

D - OWNER’S EQUITY

I. Owner's equity

II. Funding and other funds

TOTAL LIABILITIES AND OWNERS’EQUITY

BALANCE SHEETUnit: VND Million


I. Cash Flow From Operating activities

II. Cash Flow From Investing activities

III. Cash Flow From Financial activities

Net cash flow in the period

Cash and equivalents at the beginning of the period

Impact of exchange rate changes in foreign currency

Cash and equivalents at the end of the period

CASH FLOW STATEMENTUnit: VND Million

108







6. Financing income



8. Cost of Sales



11. Other income

12. Other expenses

13. Other profits






Indicator 2016 2015

TÀI SẢN

A. CURRENT ASSETS





IV. Inventories




II. Fixed assets




TOTAL ASSETS

C - LIABILITIES





I. Owner's equity













APPENDIX

INTEL Vietnam Co., Ltd.

109







6. Financing income



8. Cost of Sales



11. Other income

12. Other expenses

13. Other profits






Indicator 2016 2015

TÀI SẢN

A. CURRENT ASSETS





IV. Inventories




II. Fixed assets




TOTAL ASSETS

C - LIABILITIES





I. Owner's equity













APPENDIX

FOSTER Vietnam Co.,Ltd

110







6. Financing income



8. Cost of Sales



11. Other income

12. Other expenses

13. Other profits






Indicator 2016 2015

TÀI SẢN

A. CURRENT ASSETS





IV. Inventories




II. Fixed assets




TOTAL ASSETS

C - LIABILITIES





I. Owner's equity













APPENDIX

HOSIDEN Vietnam Co., Ltd.

111







6. Financing income



8. Cost of Sales



11. Other income

12. Other expenses

13. Other profits






Indicator 2016 2015

TÀI SẢN

A. CURRENT ASSETS





IV. Inventories




II. Fixed assets




TOTAL ASSETS

C - LIABILITIES





I. Owner's equity













APPENDIX

Haesung Vina CO., LTD.

112







6. Financing income



8. Cost of Sales



11. Other income

12. Other expenses

13. Other profits






Indicator 2016 2015

TÀI SẢN

A. CURRENT ASSETS





IV. Inventories




II. Fixed assets




TOTAL ASSETS

C - LIABILITIES





I. Owner's equity













APPENDIX

Meiko Vietnam CO., LTD.

113







6. Financing income



8. Cost of Sales



11. Other income

12. Other expenses

13. Other profits






Indicator 2016 2015

TÀI SẢN

A. CURRENT ASSETS





IV. Inventories




II. Fixed assets




TOTAL ASSETS

C - LIABILITIES





I. Owner's equity













APPENDIX

HA NOI DOOSUNG TECH CO., LTD.

114







6. Financing income



8. Cost of Sales



11. Other income

12. Other expenses

13. Other profits






Indicator 2016 2015

TÀI SẢN

A. CURRENT ASSETS





IV. Inventories




II. Fixed assets




TOTAL ASSETS

C - LIABILITIES





I. Owner's equity













APPENDIX

Sumiden Device Innovations Vietnam

REPORT DISCLAIMER

115

REPORT DISCLAIMER

This document has been prepared in good faith on the basis of information available at the date of publication without any independent verification.

VIRAC has produced this report for private circulation to professional clients only. All information and statistical data herein have been obtained from

sources we believe to be reliable and made to ensure the accuracy of the contents of the pages of the report at the time of preparation. Such information

has not been independently verified and VIRAC makes no representation or warranty, whether express or implied, of any kind with respect to the

document and its contents, information and materials. The content found in this report is proprietary to VIRAC and is provided solely for your personal

and non-commercial use. You agree that you will not use this report for any purpose that is unlawful and that you will not reproduce the report or

redistribute it outside your organisation, or place it on a website for public access without the express written permission of VIRAC.

SHOULD YOU NEED ANY ASSISTANCE, PLEASE CONTACT US:

VIETNAM INDUSTRY RESEARCH AND CONSULTANT (VIRAC JSC.,)

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Email: [email protected] | Tel: +84 463289520

http://virac.com.vn/

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Thank you !

116

VIETNAM ELECTRONIC COMPONENT REPORT Q4 /...

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