Phone exports to EU see good growth

VCN - While exports to many markets declined, exports of phones and components to the EU saw good growth.
Despite decelerating, phone exports still have long-term prospects Despite decelerating, phone exports still have long-term prospects
Phone exports witness negative growth for the first time Phone exports witness negative growth for the first time
Phone exports to India increase by 96% Phone exports to India increase by 96%
Phone manufacturing of Samsung Vietnam factory
Phone manufacturing of Samsung Vietnam factory

According to the latest preliminary data of the General Department of Customs, the export turnover of phones and components in the first half of April (April 1-15) reached US$1.9 billion, thereby bringing the export value of this group from the beginning of the year to April 15 to US$15.32 billion.

Given the above results, phones and components continue to be the largest export group of Vietnam, accounting for 16.56% of the country’s total export turnover.

Despite maintaining the number one position in export, the turnover of this group dropped by 15% or US$2.71 billion year-on-year.

Regarding the export market (updated at the end of the first quarter), the export of phones and components saw a decrease in most key markets, such as China down 4.5% to US$3.52 billion; the US down 21.2% to US$ 2.34 billion; and South Korea down 42.4% to US$855 million.

Saigon port area 3 Customs improves the coordination efficiency of importing and exporting petroleum Saigon port area 3 Customs improves the coordination efficiency of importing and exporting petroleum

VCN - On April 11, the Saigon port area 3 Customs Branch (HCMC Customs Department) worked with ...

In that context, a rare bright spot in the export of this group is the EU market with a turnover of US$2.04 billion, up 14.1% year-on-year.

By Thai Binh/ Huyen Trang

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