Telephones rank top in Vietnam’s export revenue in Q1

HANOI, April 2 — Telephones and spare parts export for the first time surpassed garment and textile to top Vietnam’s export value in the first quarter this year, according to data from the Vietnam’s General Statistics Office on Tuesday.

Specifically, in the three-month period, Vietnam pocketed over 4.48 billion U.S. dollars from telephones and spare parts export, an increase of 89.8 percent over the same period last year, while exports of garment and textile posted 3.79 billion dollars, up 18. 5 percent.

With this growth rate, telephone exports are expected to claim the first title in the country’s total export revenue in 2013.

The strong growth of telephone exports are attributed mostly to the foreign-invested enterprises, including Samsung and Intel.

In late March, Samsung Electronics Vietnam started construction of its second hi-tech complex in northern Vietnam’s Thai Nguyen province, of which is a 2-billion U.S. dollar handset and hi-tech electronic products plant.

Samsung’s first hi-tech complex project in northern Bac Ninh province manufactures some 11 million products per month, with 90 percent of those for export. In 2012, its export value totaled at 12.6 billion U.S. dollars, nearly doubling the figure in 2011.

By  Jane B. Hatcher  |   2 April 2013  |   Xinhua