Telephone and spare parts exports hit record US$20.2 bil high
(VOV) - The Ministry of Planning and Investment’s General Statistics Office announced the past eleven months have seen Vietnam’s telephone and spare parts exports climb to US$20.2 billion, a 78.4% improvement on the same period last year.
Telephones and spare parts are currently Vietnam’s best performing export commodities despite their relatively recent addition to the ranks of the country’s manufactured products.
The GSO noted imports of telephones and spare parts imports also rose 70.7% year-on-year to US$7.6 billion. November’s imports were valued at US$720 million.
The record export figure surpassed the Ministry of Industry and Trade’s second quarter target one month ahead of schedule. Telephones and spare parts also hold Vietnam’s commodity record for export turnover over the past five years.
Vietnam’s telephones are available in almost 30 nations and territories and have helped to reduce the country’s import surplus.