Phone and component exports surge during Tet

Phone and components recorded the largest export value of US$282.8 million during the first days of Lunar New Year, known locally as Tet, according to statistics compiled by the General Department of Vietnam Customs.

Specifically, from February 8 to February 14, Vietnam saw more than 1,000 Vietnamese enterprises get involved in the import and export of goods.

In line with this, total trade turnover reached US$1.41 billion, of which export and import value hit US$0.73 billion and US$0.68 billion, respectively.

Phone and components took the lead with turnover reaching US$282.8 million; followed by computers, electronics, and components with US$263.6 million; and machinery and equipment products at US$54.4 million.

During Tet, Vietnamese goods have made a presence in 77 countries and territories around the world, of which the US has become the largest consumer with a turnover of US$220.7 million, duly accounting for more than 30% of the total export value, followed by China with US$186.9 million, and the Republic of Korea with US$71.2 million.

Statistics indicate that from January 1 to February 14, the country’s total trade turnover surged by 17.1% to reach US$82.56 billion compared to the same period last year.

Of the figure, exports soared by 21.6% to nearly US$43.83 billion, while imports edged up by 12.4% to US$38.73 billion. Since the beginning of the year to the end of February 14, the nation enjoyed a trade surplus of US$5.1 billion.

With these positive outcomes, the nation is anticipated to increase export turnover by 6% this year. The Ministry of Industry and Trade revealed that it will continue to boost trade promotion activities, support businesses in diversifying markets, and speed up the completion of procedures to sign free trade agreements like the Comprehensive Economic Partnership Agreement (CEPA), the ASEAN Trade in Goods Agreement  (ATIGA), and the ASEAN-Canada Free Trade Agreement  (ACAFTA) over the coming time.