Vietnam raked in over US$903.8 million from exporting electric wires and cables in the first five months of 2020, up 33.7% year-on-year, according to statistics of the Ministry of Industry and Trade.

China led more than 20 importers, spending nearly US$261 million importing Vietnamese electric wires and cables, 55.7% higher than that of the same period last year and accounting for 28.9% of Vietnam’s total export turnover. It was followed by the US and Japan.

Notably, high growth was seen in the export of the products to Hong Kong (China),  Laos, and the UK with 78.9%, 72.1% and 61.5%, respectively.