Export of cell phones posts robust growth

According to the Ministry of Industry and Trade, export turnover of cell phones and components by the end of April this year topped US$11.34 billion, up 22.45 percent over the same period last year, accounting for 21 percent of the country’s total export turnover.

Among cell phones importers, the United Arab Emirates was the biggest one with $1.54 billion, accounting for 13.59 percent of total cell phone exports of Vietnam, up 15.21 percent compared to the same period last year. The US market followed with $1.47 billion, accounting for 12.93 percent, up 83.84 percent. Other major importers included South Korea with $809.94 million, Germany with $600.55 million, the UK with $637.39 million, Austria with 621.05 million, and Hong Kong with $523.51 million.

At present, cell phones were mainly manufactured and exported by two major manufacturers Samsung and Microsoft Bac Ninh.

Up to now, Samsung has invested nearly $15 billion into Vietnam. Its two largest projects are Samsung Electronics Vietnam which covers an area of 110 hectares in Yen Phong district in Bac Ninh province, and the 170-hectares Samsung Electronics Vietnam Thai Nguyen in Pho Yen town in Thai Nguyen province. Both these factories produce cell phones, tablets, and components and export their products to more than 50 countries and territories around the world.

In 2015, export value of Samsung hit $32.5 billion with 200 million cell phones being supplied to the global market.

By Thao Tien – Translated by Thuy Doan

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