CBU car import turnover strongly increases

Vietnam’s import turnover was estimated to reach US$23 billion in the first two months this year, an increase of 16.3 percent over the same period last year, according to the General Statistics Office.

Vietnam’s import turnover was estimated to reach US$23 billion in the first two months this year, an increase of 16.3 percent over the same period last year, according to the General Statistics Office.

 
Customers choose cars at a shop in Ho Chi Minh City (Photo: SGGP)
Customers choose cars at a shop in Ho Chi Minh City (Photo: SGGP)

The import turnover of automobile components increased nearly 62 percent while CBU (Completely Built Up) cars saw it up 169 percent from a year ago.

Machines and equipment went up 47 percent; electronic items, computers and accessories hiked 32 percent; phone and components edged up 26.2 percent; mineral oil products’ import turnover raised 22.6 percent.

In the first two months, Vietnam saw a trade deficit of US$61 million. Of these, domestic sector posted a trade deficit of US$2.07 billion while FDI sector yielded a trade surplus of US$2.01 billion.

The country enjoyed a trade surplus of US$1.35 billion in the same period last year.

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