Mobiles and spare parts lead US$ billion export club
12:25 | 05/03/2020

VGP – Mobiles and spare parts led the group of seven hard currency earners making a US$ 1 billion turnover in the Jan-Feb period, the Ministry of Industry and Trade (MoIT) reported. 

In the reviewed time, the county raked in US$ 36.92 billion for export turnover, representing a year-on-year growth of 2.4%, in which processing industry earned US$ 31.39 billion, accounting for 85.01% of total export turnover.

Noticeably, all seven exports with over US$ 1 billion each are belong to the processing industry.

Specifically, overseas shipment of mobiles and spare parts valued US$ 6.89 billion, up 2.3% against the same period last year. 

Export turnover of computers and electronic spare parts contributed US$ 5.36 billion, representing a year-on-year growth of 26.7%. 

Garments and textiles earned US$ 4.52 billion of export turnover; followed by footwear with US$ 2.7 billion; machines and spare parts with US$ 2.98 billion; furniture with US$ 1.48 billion; and transport vehicles and spare parts with US$ 1.4 billion. 

Especially, export growth rate of the domestic sector was a bright point with 6% in comparison with the rate of 0.9% recorded by the FDI sector./.  

By Khanh Phuong 

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