Machines import still increases nearly 8pct

General Department of Vietnam Customs (GDC) has said that from the start of 2012 till July 15, 2012 the import value of machines, equipments and accessories touched $8.4 billion, up 7.9 percent year-on-year.

Accordingly, this kind of products continued to take the lis of top ten imported items into Vietnam.

Meanwhile, most of other products in this group saw year-on-year decrease such as petroleum products (down 11.1%), clothes (down 1.7%), iron and steel (down 4.2%), plastic materials (down 1.1%) and footwear materials (down 0.1%).

GDC’s statistics in the first 4 months showed that Vietnam imported machines from China the most, accounting for over 31 percent of total spending. Of which domestic enterprise imported spending reached $801 million while FDI’s enterprises’s spending was $673 million.

From Japan, Korea, Taiwan markets, enterprises with FDI capital imported more than enterprises with domestic capital. In contrast, domestic enterprises imported much more from Germany.

In a conference with Ministry of Industry and Trade (MoIT) leaders at the end of July, 2012, Nguyen Chien Thang, president of Handicraft and Wood Industry Association of HCM City (Hawa) said that Vietnam wood enterprises need to take advantage of the difficult world economy to invest in machines with a low cost. In detailed, many enterprises in Germany and Italy have gone bankrupt and want to sell out their modern machines with the price of 1/10 of the originals.

From the beginning of this year till July 15, imported spending for computers, electronic products and accessories reached $6.1 billion and mobile phones and its accessories reached $2.2 billion, respectively up 90.9 percent and 111.6%.

 

Category: Economy