Mobile phones become Vietnam’s top export

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.



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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. 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...

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.



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Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

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Donation Total: $10.00

 

 

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