HCM City’s imports from China soar
Ho Chi Minh City’s 2018 spending on Chinese imports has exceeded 8.1 billion USD to date, an increase of more than 2.4 billion USD from the same period last year.
Illustrative photo (Source: VNA)HCM City (VNA) – Ho Chi Minh City’s 2018 spending on Chinese imports has exceeded 8.1 billion USD to date, an increase of more than 2.4 billion USD from the same period last year.
According to the municipal customs department, the import of computers-electrical equipment and components and of machines and spare parts made up the lion’s share of the sum, exceeding 2.5 billion USD and 1.1 billion USD. The respective figures recorded for 2017 were more than 1.2 billion USD and more than 858 million USD.
During the period, the city also purchased Chinese steel products worth some 719 million USD and cloth worth 708 million USD.
Initial estimations of the General Department of Vietnam Customs showed the import value of the entire country amounted to more than 110 billion USD.
China continued to be one of the biggest suppliers of Vietnam, with its goods accounting for nearly 29 percent or about 30 billion USD of total import value.-VNA
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