Phone export revenue takes lead in billion-dollar export club

12-Oct-2019 Intellasia | The Saigon Times | 6:02 AM Print This Post

The export of phones and parts during the year up to September hit an estimated $38.6 billion, the highest among five product groups whose export value exceeded $10 billion each, according to the Ministry of Industry and Trade.

These five product groups are in the processing and manufacturing industries, reported Vietnam Plus news site.

In particular, the export of phones and accessories rose 5.1 percent against last year’s figure, followed by the group of computers, electronics and components with outbound sales soaring as high as 16.9 percent at over $25 billion.

The nine-month period saw exports of garment and textile products jumping 10.4 percent to reach more than $24 billion. The group of footwear items came fourth, with export value inching up 13.5 percent to over $13 billion.

The last group, machinery, equipment and tools, obtained export sales of $12.9 billion, up 7.5 percent versus the figure seen last year.

Data also showed that the country recorded 28 product groups gaining an export value of over $1 billion each as of the third quarter of the year, accounting for 90.96 percent of the nation’s total export turnover. billion-dollar-export-club.html


Category: Economy, Vietnam

Print This Post