The export of electric wire and cable earned the nation a total of US$1.173 billion during the first eight months of the year representing an annual increase of 5.8 per cent according to statistics released by the Ministry of Industry and Trade.
(Photo: Duc Duy/Vietnam Plus)
During July alone, US$164 million was made from the export of the items.
In August, electric wire and cable exports reached US$185 million and h
igh growth could be seen in the export of the products to China.
Furthermore, Japan and other Southeast Asian countries were also the country’s largest buyers of electric wires and cables.
In addition to these markets, the first half of the year saw Australia spend US$5.05 million on importing electric wires and cables from Vietnam.
The country is now home to more than 200 FDI and domestic firms which specialise in producing and exporting electric wires and cables.