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HANOI, Aug. 29 (Xinhua) — Vietnam’s electronics exports earned 77.4 billion U.S. dollars as of Aug. 15 this year, increasing 20 percent year on year, according to the General Department of Vietnam Customs.
The sector has witnessed vigorous recovery, posting a double-digit growth over seven and a half months, and is expected to hit 130-132 billion dollars in 2024, Vietnam News Agency reported Thursday.
Computers, computer devices, electronic products and components brought home 42.59 billion dollars while phones and components 33.8 billion dollars, respectively rising 30 percent and 11 percent from a year earlier, said the report.
Big investments from electronic giants have helped rapidly expand Vietnam’s smartphone market share globally to 13 percent, the second largest after China, according to the Vietnam Electronic Industries Association. ■