Vietnam Imports US$6Bln of Machines, Equipment in Jan-November
Vietnam is estimated to import more than US$5.9 billion worth of machines, equipment and spare parts in the first eleven months of this year, up 24.2 per cent on-year and exceeding by 3.6 per cent the yearly target.
This is the first time commodities reached the highest import value, outstripping petrol and oil imports of US$5.6 billion.
The move reflects rapid growth in investment development in general and technology renovation of the whole economy in particular, promising possibilities for raised competitiveness of the economy in the coming years.
In the eleven-month span, Vietnam is forecast to spend a total of US$40.76 billion on imports, an on-year rise of 21.4 per cent while the country earns US$36.27 billion from exports, up 23.7 per cent on-year.
Investment
Vietnamese
