Revenue from export of telephones touches US$11.2 billion

According to the Ministry of Industry and Trade, revenue from export of telephones has reached US$11.2 billion, an increase of 1.7 percent against last month and 9.8 percent against the same period last year.

Revenue from export of telephones reaches US$11.2 billion, an increase of 1.7 percent against last month and 9.8 percent against the same period last year (Photo: SGGP)

Meanwhile, import revenue was at US$11 billion, a 2.6 percent month-on-month increase and 11.6 percent against the same period last year.

Accordingly, July saw a trade surplus of US$200 million.

Yet export and import of Foreign Direct Investment (FDI) saw higher growth than domestic sector.

Total imports of the domestic sector reached US$7.65 billion while the FDI sector export totaled US$6.91 billion.

The processing industry sector increased 25.8 percent over the same period last year, playing an important role in export revenue growth and accounting for 69.5 percent of the country’s total export revenue.

Export of agriculture and fishery products in July saw rise of 8.9 percent month-on-month but a year-on-year decrease of 7.2 percent due to low prices and bad weather conditions.

Trade surplus in July maintained the same as June at around US$200 million, showing an economic recovery despite difficulties.

By Bach Viet - Translated by Uyen Phuong

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