Export of mobile phone and spare parts surges in May

In the first five months, export turnover of mobile phones and spare parts exceeded US$22.5 billion, up 11.6 percent against the same period last year.

As of late April, the U.S. was the biggest buyer of mobile phones and spare parts produced in Viet Nam with total turnover of over US$3.8 billion, up 21 percent against the same period last year.

The other main importers include China with over US$3.4 billion, South Korea with US$1.1 billion.

Last year, export value of mobiles and spare parts reached over US$52.3 billion, down 9.7 percent against 2022.

According to market research firm Statista, Viet Nam's mobile phone and spare parter market was projected to reach US$ 4 billion this year with a compound annual growth rate of 1.45 percent from 2024 to 2028.

In 2024, smartphone sales in the country is forecast to reach 21.4 million units.

Since the beginning of the year, several new phone models have been launched to positive reviews including the Samsung Galaxy S24 Series, Honor X9b 5G and Xiaomi Redmi 12 Series./.