Import turnover moves up 24 percent in seven months

SGGP
Import turnover was estimated to reach US$118 billion in the first seven months this year, a year on year increase of 24 percent, reported the General Statistics Office of Vietnam (GSO).

An electronic plant in Tan Binh district, HCMC. Electronic import turnover was one of items with high year on year increase in the first seven months this year (Photo: SGGP)

An electronic plant in Tan Binh district, HCMC. Electronic import turnover was one of items with high year on year increase in the first seven months this year (Photo: SGGP)

Of the turnover, domestic sector reached $47 billion and foreign direct investment (FDI) companies hit $71 billion.
Some import items for local manufacturing highly increased. For instance, machines, equipment, tools and accessories surged 37 percent to $21.4 billion; electronic items, computers and components went up 27.4 percent to $19.2 billion; phone and parts hiked 30 percent to $7.3 billion.
China was still the largest import market of Vietnam with turnover reaching $31.7 billion, followed by South Korea with $27 billion and ASEAN nations with $16 billion.

By HAN NI – Translated by Hai Mien

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