As of August 15, Vietnam recorded over 244 billion USD in total overseas shipments, rising 16% year on year.
The revenue includes more than 77 billion USD from electronics exports, up 20%, helping this industry maintain its status as a leading foreign currency earner.
In particular, computers, computer devices, electronic products, and components brought home nearly 43 billion USD while phones and components 34 billion USD, respectively increasing 30% and 11% from a year earlier, statistics show.
As electronic products and components make up an increasing proportion of total exports, their performance considerably affects overall export growth.
During 2011 -2023, they posted an average growth rate of 24%. This result is attributed to foreign invested businesses.
Up to 99% of the industry’s total exports come from those firms, including large investors like Samsung, LG, Intel, and Apple.
Big investments from electronic giants have helped rapidly expand Vietnam’s smartphone market share globally to 13%, the second largest after China./.
