Vietnamese Mobile Phone Exports Nearly Doubled During 2012

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­Exports of mobile phones from Vietnam nearly doubled in 2012 compared to the previous year to reach US$12.6 billion, although the bulk of this was driven by foreign companies previous investments in local factories.

Citing a source with the Ministry of Industry and Trade, Vietnam News reported that phone exports have helped increase the country's export value of hi-tech commodities to $20.9 billion, accounting for 20 percent of the country's export value.

The main importers of Vietnamese phones are the European Union, with $5.08 billion, accounting for nearly 45 per cent, following are the Arab United Emirates, which imported $1.31 billion; Russia, $690 million; and Hong Kong, $460 million.

Samsung and Intel are reported to be responsible for most of the country's phone export value.

However local analysts said that more was needed to be done to improve the performance of local firms as much of the exports are the result of assembling components imported from China. There is little home-grown component supplying at the moment.

On the web: Vietnam News

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