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Vietnam spends US$54 billion on computer, electronics imports

The Saigon Times

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HCMC – Vietnam had spent US$54.3 billion in the year to July 15 importing computers, electronic products, and components, up by US$12 billion compared to the same period last year.

The imports were primarily for making finished products to meet the rising export orders from various markets, according to the General Department of Vietnam Customs.

In the first half of July, the value of imported computers, electronic products, and components reached nearly US$5 billion, raising the total import bill of these products in the year to July 15 to US$54.3 billion.

Compared to the same period last year, the import value of this category of goods had expanded by 28.4%, or over US$12 billion, accounting for nearly 28% of the country’s total import value.

China and South Korea were Vietnam’s two largest suppliers of computers, electronic products, and components. Imports of such items from China reached nearly US$16 billion, up by a strong 60% over the year-ago period, while imports from South Korea were estimated at US$14.77 billion, rising by 18.16% year-on-year.

With a combined value of US$30.77 billion, imports from these two markets made up nearly 57% of Vietnam’s total import value of computers, electronic products, and components.

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