Vietnam Imports US$4Bln of Machines, Equipment in Jan-August
Vietnam is estimated to import US$4.02 billion worth of machines, equipment, tools and spare parts in the first eight months of 2006, up 18 per cent on-year, said the Ministry of Planning and Investment (MPI).
The imported items are said to exclude completed automobiles and motorbikes, auto and motorbike spare parts, electronic parts and computers.
To fulfil this year’s plan, the country will import additional US$1.66 billion worth of the products in the next four months, making this group of the products to record the highest ever import turnover.
The figure shows that investment in basic construction is increasing, which is aimed to speed up industrialization and modernization process in the country.
In the eight-month period, Vietnam’s total import bill is estimated at US$28.7 billion, an on-year rise of 17.4 per cent while its total export revenue is reported to reach US$25.98 billion, up 24.3 per cent on-year. Investment
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