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Vietnam: Phones Top Export Revenue in 2013
Source: news.xinhuanet.com
Source Date: Wednesday, December 25, 2013
Focus: Institution and HR Management
Country: Viet Nam
Created: Dec 31, 2013

Vietnam's exports of phones and accessories witnessed a sharp year-on-year increase of 69.2 percent in 2013, making the commodity ranking first among the country's export items.


According to statistics from Vietnam's General Statistics Office on Wednesday, this is the first time exports of phone topping the list of Vietnam's key export items, with revenue of over 21.5 billion U.S. dollars.


Exports of phones and accessories accounted for one fifth of the country's total export turnover, and 50 percent of the trade sector's growth, said the office.


In 2009, the products ranked ninth among the country's top ten export items behind garments, footwear, crude oil, seafood, electronics, computers and spare parts, wood and wood products, rice and rubber. One year later, they climbed to the fourth place after garments, crude oil and footwear.


The sharp increase in phones and accessories export turnover was attributed to the contribution of Samsung plants in Vietnam, which made up 98 percent of Vietnam's mobile phone and accessories exports in 2012.


Exports of phone were followed by garments with 17.89 billion U. S. dollars, and electronic products, computers and spare parts with 10.67 billion U.S. dollars in revenue, said the office.


According to the GSO, as Vietnam's supporting industry is still under-developed, the country has to import most of materials and equipment for export products processing. Specifically, in 2013, Vietnam spent 25.7 billion U.S. dollars for imports of equipment for production of phones, computers and other electronic products.

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