Electronics, spare parts export posts impressive growth
Computers, electronics and spare parts have surpassed garment to become the second largest currency earner in first four months of this year, according to the General Statistics Office.
Hanoi (VNA) – Computers, electronics and spare partshave surpassed garment to become the second largest currency earner in first fourmonths of this year, according to the General Statistics Office.
Specifically, the sector raked in 12.14 billion USD duringthe period, up 26 percent year-on-year.
Of the figure, 3.42 billion USD was from China, up 40.9percent.
Other major markets include the European Union with 1.55billion USD, down 6.3 percent; the US 2.67 billion USD, or a 2.1-fold increase;Hong Kong 945 million USD, up 33.6 percent; and the Republic of Korea 851 millionUSD, down 9.7 percent./.
Mobile phones and components, computers, electronic products and spare parts are the two largest foreign currency earners of the country, according to the General Department of Vietnam Customs.
Some large electronics manufacturers in Vietnam are feeling the punch from the COVID-19 outbreak as material imports and finished product exports have been affected by tighter border control aimed at preventing the disease from spreading.
Mobile phones and spare parts continued leading the group of seven top hard currency earners that recorded over one billion USD in export turnover in the first two months of 2020.
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Illustrative image (Photo: VNA) 
