Vietnam’s phone import on the rise

The import turnover of phones and accessories reached US$8.47 billion in 2014, an increase of 5.32 percent over the previous year.

Inside a cell phone shop in HCMC (Photo: SGGP)

This group of commodity was ranked fourth in the top ten items that were most imported to Vietnam last year after machines and equipments, electronic products and components, and fabric types.

Input materials for domestic phone production depended on import. China was Vietnam’s largest supplier of phone and accessories with the import turnover of US$6.32 billion, increasing nearly 11 percent over 2013 and accounting for 74 percent of the total import turnover of Vietnam from China.

The second largest exporter to Vietnam was South Korea with US$1.71 billion.

The import turnover from Taiwan (China) went up 56.34 percent against 2013, Hong Kong (China) surged 111.16 percent and Japan rocketed up 342.14 percent.

By Lac Phong – Translated by Hai Mien

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