Export of computers and electronic products expected to hit US$50 billion in 2021

ABO/NDO - The export of computers, components and electronic products for the whole of 2021 is anticipated to reach about US$50 billion, up 13.5% compared to 2020 despite the impacts of the COVID-19 pandemic worldwide.

According to the Ministry of Industry and Trade, the export revenue of many export items has decreased due to the pandemic, but the production of some key industrial products has still advanced in the past seven months.

The production of phone components increased by 40% while the production of mobile phones went up by 14.1% over the same period last year.

In the seven-month period, the export revenue of phones and components was reported at US$29.35 billion, up 11.9% over the same period in 2020. (Representative image/VNA).

In the seven-month period, the export revenue of phones and components was reported at US$29.35 billion, up 11.9% over the same period in 2020, and was the main export item of Vietnam.

Vietnam’s phones and components were mainly exported to China, the US, the EU, ASEAN, Japan, the Republic of Korea, and Hong Kong (China), Taiwan (China), and India.

“The electronics industry will continue to grow strongly in 2021 thanks to increasing demand for communications and means of working in the context of social distancing due to the COVID-19 pandemic.

In addition, the pandemic has also forced the closure of many computer and electronic manufacturing companies in the world, so Vietnam’s export of computers, components and electronic products in 2021 could reach about US$50 billion, an increase of 13.5% compared to 2020,” said a representative from the Import and Export Agency under the Ministry of Industry and Trade.

Previously, in the first quarter of 2021, Vietnam granted investment certificates to many large-scale projects, including LG Display Hai Phong with supplemented capital of US$750 million and Fukang Technology with registered capital of US$293 million, to carry out the production and processing of tablets and laptops in Bac Giang Province.

(Source: NDO)