Computers and electronics surpass textiles with exports of $US 8.4 billion
Which sectors were affected by the industrial revolution 4.0 | |
Top ten export products in 2016 | |
Galaxy Note 7 retrieved, how to implement Customs procedures? |
Computers and electronics surpass textiles with exports of $US 8.4 billion. |
This is very noticeable information related to export activities of Vietnam, which has just been informed by the General Department of Vietnam Customs.
Based on the data of Customs, by 15th May 2017, exports of computers, electronic products and components reached $US 8.4 billion, an increase of $US 2.8 billion, equivalent to an increase of 50% over the same period in 2016.
The above result has helped this commodity group have a spectacular breakthrough over textiles (at the same time reaching $US 8.27 billion) to become the country's second largest export commodity after telephones and accessories. And this commodity group has been considered to be one of the few major export groups of Vietnam achieving a high growth rate recently.
However, according to our understandings, the export turnover of this commodity group almost belongs to FDI enterprises.
Speaking to a reporter of the Customs Newspaper, a leader of the Division of Customs Statistics (under the Department of Customs Information and Statistics, the General Department of Vietnam Customs) said that the main export product in this commodity group was the Samsung Group's tablet ( produced in factories in Bac Ninh and Thai Nguyen)
Related to optimistic signals in export activities, from 15th May 2017, a reporter of the Customs Newspaper has contacted to exchange information with Vietnam Electronics Industries Association (VEIA), but until 19th May 2017, the Customs Newspaper has not received feedback from the Association.
A member of VEIA's Office said that because the Association's leaders were focusing on the shareholders' meeting, so they could not respond to the Customs Newspaper soon. "Computers are exported mainly by FDI enterprises, and domestic enterprises mainly export components, but turnover is not really high", he said.
Regarding export markets of computers, electronic products and components, according to the latest information of the General Department of Vietnam Customs (by the end of April 2017), the export market of the commodity group had been diverse in countries and regions in the world.
In particular, China is the largest market with a turnover of $US 1.792 billion. In addition, by the end of April 2017, there had been 10 other markets with a turnover of $US 100 million or more. Some noticeable markets include the United States with a turnover of $US 817 million; the Netherlands with a turnover of $US 611 million; the South Korea with a turnover of $US 568 million; and Hong Kong with a turnover of $US 523 million.
Arrest an illegal transportation of large quantity of electronics VCN - On 13/4, at the border area of Hoa Lu International Border Gate, Loc Ninh District, ... |
Thus, after many years holding the number one position in our country's exports, the textile and garment industry has been hit by telephones and components (in 2013) and continues to be occupied the second place by computers, electronic products and components. With a rapid growth of high-tech electronics, it is almost impossible to regain the No.1 position for traditional products such as textiles. |
Related News
Quang Tri Customs makes great effort to foster imports and exports across area
09:48 | 28/03/2024 Customs
Removing difficulties in tax exemption and refund policies for export processing enterprises
14:48 | 27/03/2024 Regulations
Latest News
ASEAN, RoK agree on transposition of AKFTA product specific rules
15:00 | 28/03/2024 Import-Export
Opportunities for digital technology businesses to go global
14:58 | 28/03/2024 Import-Export
Vietnam, China eye stronger border trade
14:57 | 28/03/2024 Import-Export
Improve competitiveness and sustainable development of the seafood industry
09:51 | 28/03/2024 Import-Export
More News
Business environment reform needs further promotion: expert
14:47 | 27/03/2024 Import-Export
Singapore is the largest foreign investor in VN in Q1
14:43 | 27/03/2024 Import-Export
Thai Binh boosts investment, trade cooperation with Germany
14:38 | 27/03/2024 Import-Export
Lifting obstacles to develop industrial parks
10:24 | 27/03/2024 Import-Export
Unlock capital flows and create favorable conditions for investors
10:22 | 27/03/2024 Import-Export
More than 300 businesses, manufacturers to attend VGMF 2024
15:55 | 26/03/2024 Import-Export
Connecting with FDI firms helps boost wood exports: insiders
15:52 | 26/03/2024 Import-Export
Doosan Vina exports nearly 2,000 tonnes of modules to US
15:51 | 26/03/2024 Import-Export
Wood processing enterprises strive to increase the proportion of individually designed goods
09:50 | 26/03/2024 Import-Export
Your care
ASEAN, RoK agree on transposition of AKFTA product specific rules
15:00 | 28/03/2024 Import-Export
Opportunities for digital technology businesses to go global
14:58 | 28/03/2024 Import-Export
Vietnam, China eye stronger border trade
14:57 | 28/03/2024 Import-Export
Improve competitiveness and sustainable development of the seafood industry
09:51 | 28/03/2024 Import-Export
Business environment reform needs further promotion: expert
14:47 | 27/03/2024 Import-Export