Telephones and spare parts ranked second among Vietnam’s top ten export earners in the first eight months of this year.
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| Telephone exports earn nearly $8 billion |
The General Department of Customs’ latest statistics showed they enjoyed a record year-on-year rise of 123 percent to $7.977 billion in export revenue.
For many months, they have been listed among export items earning more than $1 billion each, fetching $2.69 billion in the first quarter, up 161.9 percent compared to the same period last year, and $5.03 billion in the first half of this year.
Such impressive results are owing to foreign businesses, including Samsung, Intel, Cannon, Compal and Foxconn, operating in Vietnam, which make up 80 percent of the domestic market share and 90 percent of total export turnover.
Vietnam’s key export markets are the European Union (EU), Russia and Saudi Arabia.
Vietnam’s electronic sector is likely to earn an export turnover of $15-16 billion by the end of 2012, the Vietnam Electronic Industries Association (VEIA) forecasts.