Mobile devices imports from China sharply rise

A recent report of the general Department of Custom indicates an upsurge in the imports of Chinese cell phones and spare parts into the country in the first seven months of the year.

According to the report, the country has imported $1.74 billion worth of mobile phones and components from China in Jan-Jul, a year-on-year rise of over $1 billion or nearly 2.5 times higher. It is noted that the import value of Chinese mobile products accounts for up to 70 percent of the total spent on the same products in the period.

As of late last month, Vietnam had imported mobile products worth $2.49 billion, a pickup of up to 107 percent year-on-year.

A representative of the mobile phone distributor The Gioi Di Dong said most of cell phones on sale at stores of his firm are made in China.

A business owner in the industry, who declined to be named, noticed the nation imports around 1.4 million mobile phones, including smart phones, a month on average.

The customs department’s figures also unveil the nation has fetched $6.2 billion from exporting mobile devices in the first seven months, up by 150 percent from the $2.48 recorded in the year-ago period, with Samsung products contributing the most.

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Category: Business