Vietnam spent USD1.1 billion to import mobile phones and spare parts in May, up 36.2% from the same period last year, according to the Ministry of Industry and Trade (MoIT).
In the first five months of the year, total imports of the products were worth USD4.91 billion, a 3.9% yoy decrease.
Earlier, imports of mobile phones and spare parts into Vietnam fell in the first two months of the year and surged in March and April, with increases of 44.6% and 6.5% respectively.
Vietnam mostly imported phones from China and the Republic of Korea (RoK) in the period. Of which, imports from China accounted for 54% of the country’s total to reach USD2.06 billion and reducing 19.7% from the corresponding period last year.
Meanwhile, mobile phone and spare part imports from the RoK rose by 0.4% to USD1.5 billion in January-May.
Vietnam also imported mobile phones from Hong Kong with total value of USD32.06 million, up 25.8% from the same period last year.