Vietnam's imports of phone components reach over $4.9 billion
Vietnam spent $1.1 billion importing mobile phones and spare parts in May, up 36.2 percent from the same period last year.
According to the Ministry of Industry and Trade, In the first five months of the year, the country disbursed 4.91 billion USD to import mobile phones and components, a 3.9 percent year-on-year decrease.
Vietnam mostly imported phones from China and the Republic of Korea (RoK) in the period. Of which, imports from China accounted for 54 percent of the country’s total to reach 2.06 billion USD.
Meanwhile, mobile phone and spare part imports from the RoK rose by 0.4 percent to 1.5 billion USD in the first five months of 2019.
Vietnam also imported mobile phones from Hong Kong with total value of 32.06 million USD, up 25.8 percent from the same period last year.-VNA