Mobile phones become Vietnam’s top export

Reading Time: 1 minute

Vietnam mobile phone factoryMobile phones and their spare parts have become Vietnam’s top export items in 2013, with shipments exceeding $21.5 billion, news website VnExpress reported.The exports, a 70-per cent increase from 2012, surpassed the $17.9 billion in exports of textiles and garments, which had long been the country’s top product. Mobile phone exports accounted for a fifth of the country’s total exports.

Le Thi Minh Thuy, chief of the General Statistics Officie (GSO)’s Trade Department, attributed the large increase to Samsung Electronics Vietnam, which is running a hi-tech $1.5-billion plant in the northern province of Bac Ninh.

GSO head Nguyen Bich Lam said the 2012 exports exceeded imports by $863 million, marking the second straight year of trade surplus after a two-decade deficit.

The GSO estimated the country’s trade surplus to the US at $18.6 billion, and to the EU and Japan at $11.2 billion and $2.3 billion, respectively.

Do you like this post?
  • Fascinated
  • Happy
  • Sad
  • Angry
  • Bored
  • Afraid

Reading Time: 1 minute

Mobile phones and their spare parts have become Vietnam’s top export items in 2013, with shipments exceeding $21.5 billion, news website VnExpress reported.The exports, a 70-per cent increase from 2012, surpassed the $17.9 billion in exports of textiles and garments, which had long been the country’s top product. Mobile phone exports accounted for a fifth of the country’s total exports.

Reading Time: 1 minute

Vietnam mobile phone factoryMobile phones and their spare parts have become Vietnam’s top export items in 2013, with shipments exceeding $21.5 billion, news website VnExpress reported.The exports, a 70-per cent increase from 2012, surpassed the $17.9 billion in exports of textiles and garments, which had long been the country’s top product. Mobile phone exports accounted for a fifth of the country’s total exports.

Le Thi Minh Thuy, chief of the General Statistics Officie (GSO)’s Trade Department, attributed the large increase to Samsung Electronics Vietnam, which is running a hi-tech $1.5-billion plant in the northern province of Bac Ninh.

GSO head Nguyen Bich Lam said the 2012 exports exceeded imports by $863 million, marking the second straight year of trade surplus after a two-decade deficit.

The GSO estimated the country’s trade surplus to the US at $18.6 billion, and to the EU and Japan at $11.2 billion and $2.3 billion, respectively.

Do you like this post?
  • Fascinated
  • Happy
  • Sad
  • Angry
  • Bored
  • Afraid