HCM City’s imports from China soar

11:20 | 28/07/2018 Trade

Ho Chi Minh City’s 2018 spending on Chinese imports has exceeded US$8.1 billion to date, an increase of more than US$2.4 billion from the same period last year.

Photo: cafef

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 US$2.5 billion and US$1.1 billion. The respective figures recorded for 2017 were more than US$1.2 billion and more than US$858 million.

During the period, the city also purchased Chinese steel products worth some US$719 million and cloth worth US$708 million.

Initial estimations of the General Department of Vietnam Customs showed the import value of the entire country amounted to more than US$110 billion.

China continued to be one of the biggest suppliers of Vietnam, with its goods accounting for nearly 29 percent or about US$30 billion of total import value.

Theo VNA