The external sector continues to be an important engine of growth. Export value in US dollar terms is estimated to have grown by 11.6% in 2014, outperforming other countries in the region. Vietnam’s traditional labor-intensive manufacturing exports such as garments, footwear and furniture, continue to grow at a rapid clip. Recent additions to the export basket such as hi-tech and high-value products (cell phones, computers, electronics, and automobile parts) have also maintained rapid growth, and have now become the largest share of export.