CBU car import turnover strongly increases

Vietnam’s import turnover was estimated to reach US$23 billion in the first two months this year, an increase of 16.3 percent over the same period last year, according to the General Statistics Office.

Customers choose cars at a shop in Ho Chi Minh City (Photo: SGGP)

The import turnover of automobile components increased nearly 62 percent while CBU (Completely Built Up) cars saw it up 169 percent from a year ago.

Machines and equipment went up 47 percent; electronic items, computers and accessories hiked 32 percent; phone and components edged up 26.2 percent; mineral oil products’ import turnover raised 22.6 percent.

In the first two months, Vietnam saw a trade deficit of US$61 million. Of these, domestic sector posted a trade deficit of US$2.07 billion while FDI sector yielded a trade surplus of US$2.01 billion.

The country enjoyed a trade surplus of US$1.35 billion in the same period last year.

By H. My – Translated by Hai Mien

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