Vietnam’s phone export down 8.8%
By Xinhua
Vietnam earned nearly $18 billion from exporting phones and components in the first five months of this year, posting a year-on-year decline of 8.8 per cent.
This account for 18.1 per cent of Vietnam’s total export revenue, according to the country’s General Statistics Office on Wednesday.
In May alone, Vietnam fetched $2.6 billion from selling the products overseas, plunging 30 per cent on-year.
Between January and May, Vietnam spent roughly $4.9 billion importing phones and their components, seeing a year-on-year increase of 0.2 per cent.
In 2019, the country reaped more than $51.8 billion from exporting phones and components, posting a year-on-year increase of 5.3 per cent, said the office.