Phones enjoy robust growth despite COVID-19 challenges
VOV.VN - Phones and components continued to lead the way among Vietnam’s key export items during the opening seven months of the year with their value increasing by 11.9% to reach US$29.35 billion, according to the General Department of Vietnam Customs.
July alone saw the export turnover of the commodity group surge by 30.5% to US$4.3 billion compared to the previous month, while other export items endured a downward trajectory.
The Ministry of Industry and Trade reports the country produced over 128 million mobile phones during the past seven months, despite facing a number of complicated developments caused by the COVID-19 pandemic.
The electronics industry is anticipated to witness vigorous growth in the remainder of the year thanks to an increasing demand for consumption of communication equipment, coupled with the closure of electronic manufacturing companies globally due to the COVID-19 pandemic, according to industry insiders.
Nguyen Thi Thu Thuy, deputy director of the Export Promotion Centre under the Vietnam Trade Promotion Agency (Vietrade), emphasised that the Vietnamese economy continues to witness a number of significant changes in terms of its export structure, especially for high-tech products such as precision mechanical products, electronics and components.
At present, Vietnam exports computers and electronic components to over 100 markets worldwide, with China, ASEAN, Japan, and the Republic of Korea (RoK) viewed as its leading markets.
It is also accelerating exports of the products to the EU market, including the Netherlands, Germany, the Czech Republic, Poland, and Finland.
The export of computers, components and electronic products for the entire year is anticipated to reach approximately US$50 billion, representing an annual increase of 13.5%, experts estimate.
