Vietnam pins high hope on export of phones, components

The export of phones, which contribute annually over US$50 billion in the last three years, is expected to help Vietnam expand its total export turnover by 6-8% in 2022.

Phones and components reported the largest export value the first months of 2022 with US$4 billion, accounting for 13.8% of the country’s total.

Phones are exported to 50 countries and territories worldwide, with China being the biggest importer.

Last year, it recorded a two-digit growth, hitting US$58 billion, up 12.4% compared to 2020.

China and the US were the biggest importers of Vietnam’s phones in the year, spending US$15.18 billion and US$9.69 billion, respectively, posting year-on-year surges of 23% and 10.3%.

According to the Ministry of Industry and Trade (MoIT), the export value of the sector reached US$51.37 billion, US$51.18 billion and US$57.54 billion in 2019, 2020 and 2021, respectively. If its growth is maintained as the figure last year, the sector can contribute nearly US$7 billion to the country’s total export.

Notably, Vietnam’s completely built-up phones were mainly exported to the European Union and the US markets, accounting for 58% of the export turnover of this item.

Foreign-invested firms are the main contributors to the export of phones and components, making up 98.2% of the total, reporting values of US$50 billion and US$56 billion in 2020 and 2021.

Samsung Electronics under Samsung Corporation of the Republic of Korea is the largest manufacturer of phones and electronics in Vietnam, with its plants in Thai Nguyen and Bac Ninh being the largest and most modern assembling and manufacturing facilities of the firm globally.

Last year, the firm’s revenue and export turnover respectively hit US$74.2 billion and US$65.5 billion, up 14% and 16% from 2020.

Mời quý độc giả theo dõi VOV.VN trên