Vietnam imports 8.3 billion USD of equipment from China

 

 

Hanoi (VNA) - Vietnam paid 8.27 billion USD on importing equipment and machines from China in the past 11 months of 2016, according to the General Department of Customs.

In November, the nation imported 930 million USD in Chinese equipment and machines, the largest out of 45 major goods items importing from China.

The import value in November from China had a year-on-year increase of 1.4 percent, and China was the largest supplier of equipment and machine for Vietnam, accounting for 33 percent of Vietnam’s total import value of those products.

In particular, total import value of equipment and machines from China was higher than the total value of 48 major goods items imported from the US at 7.78 billion USD in the first 11 months.

The general department said China was also the largest supplier of all goods items for Vietnam with a total import value at 45.06 billion USD during 11 months.

Vietnam imported from China 5.51 billion USD worth of telephones and their components, computer and electronic products and their components worth 5.36 billion USD, cloth worth at nearly 5 billion USD, and iron and steel worth at 4.01 billion USD.

Of which, import value of telephone and its components from China to Vietnam reduced sharply by 944 million USD year-on-year in the first 11 months.

Instead, the Republic of Korea was the largest telephone supplier in Vietnam, with a total import value at 7.94 billion USD in the 11 months, a year-on-year increase of 26.3 percent.

In the 11 months, Vietnam had total import value of about 157 billion, a year-on-year surge of 3.7 percent, according to the general department.

Of which, foreign direct investment enterprises imported goods worth at 92.75 billion USD in total, a year-on-year increase of 3.5 percent during 11 months. However, in November, import value of FDI enterprises reduced slightly by 0.4 percent to 9.5 billion USD. – VNA