Vietnam's phone export down in 9 months

October 12, 2020

Vietnam earned nearly 36.7 billion U.S. dollars from exporting phones and components in the first nine months of this year, posting a year-on-year decline of 5.5 percent and accounting for nearly 18.1 percent of Vietnam's total export revenue, according to the country's General Statistics Office on Friday.

In September alone, Vietnam fetched 5.1 billion U.S. dollars from selling the products overseas, down 6.1 percent on-year.

Between January and September, Vietnam spent nearly 10.6 billion U.S. dollars importing phones and their components, seeing a year-on-year decrease of 0.6 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.