Samsung Vietnam occupies 98% of the phone export turnover

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Hoa Nguyen, ANT Consulting

End of 2012, Vietnam’s export turnover of phone and components reached 12.64 billion USD, increased by 97.7% compared with 2011.

Particularly, the phone and components achieved the highest growth rate in 2012 in the group of processing industry.

Contributed significantly to the above export turnover number are the products of Samsung Electronics Vietnam ( SEV) when the average monthly turnover is 1 billion USD, accounting for 98% of the export turnover of phone and components.

In 2011, SEV accounted for 70% of export turnover of phone, valued at 6 billion USD.

With the plan to increase capital investment of SEV to 870 million USD, bringing the total investment of the high-tech complex in Bac Ninh to 1.5 billion USD, it is likely that the export turnover of phones and components in 2013 will continue to maintain strong growth.

(Source: VnEconomy, ANT Consulting)

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