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Weak Market Impacting Electronics Growth Print E-mail
Written by Margo Lakin   
Tuesday, 26 August 2008
VIETNAM– Since May, the electronics market has seen a 30%–50% decrease in electronic goods including mobile phones, IT items and engineering products. The slowdown can be attributed to fluctuations within the market–a decrease in consumer spending and a record-high exchange rate on the US dollar. In addition, there are import contracts that cannot be cancelled that have resulted in stockpiles of higher-priced, imported electronics currently in low demand.

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