How Vietnam could produce over 54 million mobile phones in the first quarter of 2021?

, How Vietnam could produce over 54 million mobile phones in the first quarter of 2021?
  • The output of mobile phones produced in Vietnam hit 54.4 million, according to the statistics of Ministry of Industry and Trade.

Over 54 million mobile phones were produced in Vietnam in the first quarter. The phone and phone component industry also earned revenue of over $14 billion in the same period.

Production of electronic products, computers and optical products continued to grow in the first quarter of 2021 with an increase of 12.3 per cent.

According to the Ministry of Industry and Trade’s statistics, the output of mobile phones produced in Vietnam hit 54.4 million (up 2.7% year on year). Television output reached over 4.45 million units (up 30.9% year on year).

Domestic production increased but most of the products were for export because domestic consumption of electronics, computers and optical products saw a decrease of 13.5% in Q1.

Meanwhile, export revenue of telephones and electronic and optical products achieved the highest figure in the first quarter compared to other export items.

According to the General Department of Customs, in the first quarter of 2021, there were 11 items with export turnover of over $1 billion, accounting for 76.6% of the country’s total export turnover.

(vitag.Init = window.vitag.Init || []).push(function () { viAPItag.display(“vi_682621617”) })

Phones and phone components earned the highest export value with $14.1 billion, accounting for 18.2% of total export turnover and up 9.3% over the same period last year, followed by computers, electronic products and components with $11.96 billion, up 31.3% year on year.

READ MORE:  Enjoy Bid, Enjoy different life at one auction

Machinery, equipment, tools and spare parts surpassed textiles and garments to rise to the third position for export turnover, with $9.1 billion, up 77.2% year on year.

However, according to MoIT, some key products in the foreign-invested sector and industries with foreign invested capital had the highest export rate. Of those, phones and accessories accounted for 99.1%. Electronics, computers and components accounted for 98% and machinery, equipment, tools and spare parts 93.1%.

Due to high production demand, the import of components also increased. Specifically, the import turnover of computers, electronic products and components was highest, with $16.8 billion, up 22% year on year, followed by mobile phones and accessories, with $4.86 billion, up 48.1% year on year, according to VietnamNet.

Exports of mobile phone and components in 2020 as a whole were flat at $51.2 billion The Saigon Times wrote, citing General Statistics Office of Vietnam data.

Samsung reportedly accounted for the bulk of mobile phone exports during the year: it began shifting production to Vietnam and other countries in late 2019 after halting manufacturing at Chinese factories.

(vitag.Init = window.vitag.Init || []).push(function () { viAPItag.display(“vi_682621617”) })

Google also shifted production of its Pixel smartphones from China to Vietnam about the same time.

News related