Saturday, October 21 2017

VietNamNews

Mobile phone exports increase

Update: September, 29/2012 - 08:32

 

HA NOI (VNS) — Viet Nam earned US$7.977 billion from exporting  and components from the beginning of this year to September 15 and the staple maintained its rank as second in terms of total export turnover, according to the General Department of Customs' statistics.

The export turnover of mobile phones and components saw the highest increasing rate of 132 per cent compared to the same period last year among the top ten export products of Viet Nam.

The statistics also showed that the monthly turnover hit more than $1.1 billion during the past three months with the peak of $1.23 billion recorded in June.

The biggest importers of Vietnamese mobile phones and components were the European Union, where the turnover made up for nearly 43 per cent of the total value, and the United Arab Emirates and Russia where turnover was respectively 11 per cent and 5 per cent of the total value.

The mobile phone export increase helped drive trade surplus for Viet Nam last month; however, according to the Viet Nam Electronic Industry Association (VEIA), the contribution mainly came from foreign-invested companies, especially South Korea-invested Samsung Electronics Viet Nam (SEV).

Domestic electronics companies, although they outnumber foreign ones, contributed little to the export turnover.

Statistics of the VEIA showed that foreign-invested electronics companies occupied 80 per cent of the domestic market share and 95 per cent of the export turnover.

SEV's export alone reached $1 billion per month on average. The company planned to reach a turnover of $10 billion this year. Meanwhile, this year, the whole sector of mobile phone and components export in Viet Nam was forecast to reach $12 billion, according to the Ministry of Industry and Trade.

President of the VEIA Le Ngoc Son told on-line Saigon Times newspaper that the competitiveness of the domestic companies remained low due to the limited financial capacity and the lack of advanced technologies.

Currently, there are nearly 500 electronics companies throughout the country, two-thirds of which are domestic ones. — VNS

Send Us Your Comments:

See also: