Vietnam's Jan-Aug car imports grow 80%

Sep 3rd at 13:43
03-09-2015 13:43:36+07:00

Vietnam's Jan-Aug car imports grow 80%

The General Statistics Office has announced that in the first eight months of the year many commodities recorded sharply rising import turnover over the same period last year, of which motor cars grew the most, at 80.2 per cent, to $3.8 billion.

Following motor cars was machinery, equipment and spare parts, with $18.9 billion, up 33.4 per cent, electronics, computers and components $15.1 billion, up 35.3 per cent, telephones and accessories $7.1 billion, up 36.3 per cent, and fabric $6.8 billion, up 11 per cent.

Regarding importers, China remained the largest with turnover at an estimated $32.7 billion and accounting for 29.8 per cent of the total and up 20.4 per cent compared with the same period last year, followed by South Korea, ASEAN, and Japan.

Import turnover in the first eight months was estimated at $109.9 billion, up 16.4 per cent year-on-year, of which the domestic sector imported $44.7 billion, up 7.7 per cent, and the foreign sector $65.2 billion, up 23.2 per cent.

vietnamnet



NEWS SAME CATEGORY

Vietnamese tea exports decrease

Fall in tea exports is putting pressure on the tea industry to enhance product quality amid rapid international integration associated with growing harsh...

Milk producers focus on yogurt products

Yogurt, whey and cheese are bringing two-digit growth rates to milk producers.

Baby products sales to grow

Rapid urbanisation, growth of the middle class and rising rates of women's participation in the labour force, especially in developing markets, are expected to...

Chicken war with US – prelude to new era of free trade

Vietnamese farmers are crying foul now that the nation’s markets are inundated with cheap US chicken and they fear that not only the industry but their way of life...

Hidden identity: Vietnamese coffee re-exported under other names

Nearly 95 percent of Vietnam’s coffee is exported as raw products that do not bear a Vietnamese brand.

Import price hikes anticipated, importers indecisive about plans

The dong devaluation will make goods, especially imports, become more expensive, but analysts say prices will increase slowly.

VN to export less mollusks to EU as challenges arise

Vietnamese bivalve mollusk exports to the EU are expected to face more challenges as imports have plummeted and the country faces stiff competition from other...

Oil slump costs VN $2.5b in export losses this year

The country's crude oil export value had fallen sharply by nearly US$2.5 billion in January-August 15 due to the slumping oil price globally, according to the...

Vietnam's edible oil market holds much promise

Ms. Ho Ngoc Chi, a 36-year-old housewife in Lang Street in Hanoi, told VET she’s always chosen cooking oil brands advertised on TV because she believes they are of...

Chinese steel may flood VN market

After the strong depreciation of the Chinese yuan, steel industry insiders have warned local steel producers that Chinese steel products could flood the Vietnamese...

Commodity prices


MOST READ


Back To Top