Vietnam's phone export surges in first 2 months

Mar 03, 2021

World
Vietnam's phone export surges in first 2 months

Hanoi (Vietnam), March 3: Vietnam earned nearly 9.3 billion U.S. dollars from exporting phones and components in the first two months of this year, which accounted for 19.2 percent of Vietnam's total export revenue over the period and post a year-on-year rise of 22.8 percent, according to the General Statistics Office on Wednesday.
With that revenue, phones and components continued to be Vietnam's largest export item, followed by computers and electronic components, and garments and textiles.
In the two-month period, Vietnam also spent over 3.6 billion U.S. dollars importing phones and their components, up 74.6 percent year on year.
In 2020, the country earned roughly 50.9 billion U.S. dollars from exporting phones and components, mainly to China, the United States and South Korea, posting a year-on-year decline of 1 percent, said the office.
Source: Xinhua