Fiery Samsung Note 7s fail to cut off Vietnam's mobile phone exports
During the first nine months, Vietnam's mobile export value reached US$25.5 billion, up 11% on-year, making it the most valuable export sector.
This might come as a surprise amid the Galaxy Note 7 fire scandal which forced Samsung to stop its production and recall all devices.
Previously, Nguyen Mai, president of Vietnam's Association of Foreign Invested Enterprises, said recalling the Note 7 could reduce Vietnam's exports by an estimated 0.5%-1% this year.
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But the company insists: "The Note 7 incident may not have any significant impact on our exports in 2016; in fact this year's export turnover is expected to increase."
Garments and textiles, and computers and electronic devices came second and third in terms of export value, reaching US$18 billion and US$13 billion respectively.
As of the third quarter of this year, Vietnam’s import-export turnover had reached over a quarter of a trillion dollars, up 4% compared to the same period last year, recording a trade surplus of US$3.7 billion – the highest in the past seven years.
