Cell phones topple garments as Vietnam's top export

TN News

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Cell phones and their spare parts have become Vietnam's top export items this year, with shipments exceeding US$21.5 billion, news website VnExpress has reported.

The exports, a 70-percent increase from last year, surpassed the $17.9 billion in exports of textiles and garments, which had long been the country's top product.

The cell phone exports accounted for a fifth of the country's total exports.

Le Thi Minh Thuy, chief of the General Statistics Officie (GSO)'s Trade Department, attributed the large increase to Samsung Electronics Vietnam, which is running a hi-tech $1.5-billion plant in the northern province of Bac Ninh.

GSO head Nguyen Bich Lam said this year's exports exceeded imports by $863 million, marking the second straight year of trade surplus after a 2-decade deficit.

The GSO estimated the country's trade surplus to the US at $18.6 billion, and to the EU and Japan at $11.2 billion and $2.3 billion, respectively.

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