HANOI (XINHUA) – Vietnam’s electronics exports earned USD77.4 billion as of August 15, increasing 20 per cent year-on-year, according to the General Department of Vietnam Customs.
The sector has witnessed vigorous recovery, posting a double-digit growth over seven and a half months, and is expected to hit USD130-132 billion in 2024, Vietnam News Agency reported yesterday.
Computers, electronic products and components brought USD42.59 billion while phones and components USD33.8 billion, respectively rising 30 per cent and 11 per cent from a year earlier, said the report.
Big investments from electronic giants have helped rapidly expand Vietnam’s smartphone market share globally to 13 per cent, the second largest after China, according to the Vietnam Electronic Industries Association.
