Vietnam earned nearly $18 billion from exporting phones and components in the first five months of this year, posting a year-on-year decline of 8.8 per cent.

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This account for 18.1 per cent of Vietnam’s total export revenue, according to the country’s General Statistics Office on Wednesday.

In May alone, Vietnam fetched $2.6 billion from selling the products overseas, plunging 30 per cent on-year.

Between January and May, Vietnam spent roughly $4.9 billion importing phones and their components, seeing a year-on-year increase of 0.2 per cent.

In 2019, the country reaped more than $51.8 billion from exporting phones and components, posting a year-on-year increase of 5.3 per cent, said the office.