2015 phone exports exceed US$30 billion
20:31, 2016/01/28
Vietnam shipped abroad phones and phone components worth US$30.18 billion last year, up 27.9% from a year earlier, according to the General Department of Customs.
A report of the department showed that Vietnam’s goods exports amounted to US$162 billion in 2015, a rise of 7.9% against 2014, with shipments of phones and phone parts making up nearly 20% of the total.
Phones and phone components topped the list of export earners last year, followed by apparel with US$22.81 billion (up 9.1%).
The European Union was Vietnam’s biggest importer of phones and phone parts last year, with shipments up 19.7% to US$10.11 billion. The United Arab Emirates ranked second with US$4.48 billion (up 23.3%) and the U.S. came third with US$2.77 billion (up 78.9%).
The increase in phone and phone parts exports last year was backed by foreign-invested enterprises such as Samsung with two complexes in Bac Ninh and Thai Nguyen provinces, Microsoft with one complex in Bac Ninh and LG with a complex in Haiphong.
The report indicated that electronic items, computers and computer parts were among the country’s key export earners, with US$15.61 billion fetched, up a staggering 36.5% year-on-year.
The EU was Vietnam’s biggest importer of electronic products, computers and computer parts with US$3.2 billion (up 36.8%), followed by the U.S. with US$2.83 billion (up 33.6%) and China with US$2.65 billion (up 20.8%).
The group of other equipment, machines, tools and spare parts saw its export value reaching US$8.17 billion last year, a rise of 11.7% versus 20214.
Those products made up a huge proportion of Vietnam’s exports but were manufactured by foreign rather than local firms.
Experts said the phone and phone parts sector will post higher export revenues in the coming time as many tech corporations including South Korean giant Samsung have expanded investments.
According to the General Department of Customs, Vietnam’s exports and imports amounted to US$327.76 billion in 2015, a year-on-year increase of 10%. Of which, imports were US$165.65 billion, up 12% over the previous year.
Vietnam ran a trade deficit of US$3.54 billion last year, or 2.2% of total exports, while the country enjoyed a trade surplus of US$2.37 billion in 2014.
Last year saw the lowest export growth rate in five years, at 10% compared to the average 15.8% of the period.
Phones and phone components topped the list of export earners last year, followed by apparel with US$22.81 billion (up 9.1%).
The European Union was Vietnam’s biggest importer of phones and phone parts last year, with shipments up 19.7% to US$10.11 billion. The United Arab Emirates ranked second with US$4.48 billion (up 23.3%) and the U.S. came third with US$2.77 billion (up 78.9%).
Illustrative image
|
The report indicated that electronic items, computers and computer parts were among the country’s key export earners, with US$15.61 billion fetched, up a staggering 36.5% year-on-year.
The EU was Vietnam’s biggest importer of electronic products, computers and computer parts with US$3.2 billion (up 36.8%), followed by the U.S. with US$2.83 billion (up 33.6%) and China with US$2.65 billion (up 20.8%).
The group of other equipment, machines, tools and spare parts saw its export value reaching US$8.17 billion last year, a rise of 11.7% versus 20214.
Those products made up a huge proportion of Vietnam’s exports but were manufactured by foreign rather than local firms.
Experts said the phone and phone parts sector will post higher export revenues in the coming time as many tech corporations including South Korean giant Samsung have expanded investments.
According to the General Department of Customs, Vietnam’s exports and imports amounted to US$327.76 billion in 2015, a year-on-year increase of 10%. Of which, imports were US$165.65 billion, up 12% over the previous year.
Vietnam ran a trade deficit of US$3.54 billion last year, or 2.2% of total exports, while the country enjoyed a trade surplus of US$2.37 billion in 2014.
Last year saw the lowest export growth rate in five years, at 10% compared to the average 15.8% of the period.
22:57, 2024/11/29
Hanoi controls fruit traders to ensure safety
By encouraging all stakeholders to co-operate, Hanoi aims to improve food safety standards and protect public health.
18:45, 2024/11/28
Vietnam, Hesse (Germany) promote high-tech cooperation
Bilateral trade between Vietnam and Hesse has reached around EUR1 billion (US$1.05 billion) annually, accounting for one-tenth of total trade between Vietnam and Germany.
15:34, 2024/11/27
Big discounts on offer at Hanoi's November Promotion Festival
The event is part of the Hanoi Concentrated Promotion Program 2024, held in May, July, and November, attracting up to 2,000 businesses.
17:23, 2024/11/26
Hanoi unveils 150 most popular Vietnamese products and services for 2024
The "Most Popular Vietnamese Products" voting program is part of the city's broader efforts to encourage the consumption of local goods.
16:50, 2024/11/23
Hanoi hosts the Vietnam Regional Specialties Fair 2024
This year's fair will contribute to the promotion of trade and the expansion of typical regional products, especially agricultural and food products that meet export standards.
14:06, 2024/11/20
Hanoi strengthens export competitiveness and trade protection measures
Hanoi will work with the Ministry of Industry and Trade to ensure that businesses and manufacturers are ready for new challenges.
- US reiterates Vietnam is not manipulating currency
- Vietnam, Brazil: Building bridges through shared history and new partnerships
- Hanoi to attract tourists by showcasing local specialties at wholesale markets
- National E-commerce Week, Vietnam Online Shopping Day 2024 set to kick off
- Vietnamese goods in rising demand among Hanoi residents
- Hanoi unveils 2024 rural industrial plans