Vietnam's phone export down 6.6 pct in 7 months

August 5, 2020

Vietnam earned nearly 25.7 billion U.S. dollars from exporting phones and components in the first seven months of this year, posting a year-on-year decline of 6.6 percent, accounting for roughly 17.6 percent of Vietnam's total export revenue, according to the country's General Statistics Office on Tuesday.

In July alone, Vietnam fetched 3.7 billion U.S. dollars from selling the products overseas, down 7.1 percent on-year.

Between January and July, Vietnam spent approximately 7.1 billion U.S. dollars importing phones and their components, seeing a year-on-year decrease of 2.4 percent.

In 2019, the country reaped more than 51.8 billion U.S. dollars from exporting phones and components, posting a year-on-year increase of 5.3 percent, said the office.