Jul 4, 2012

Vietnam - Vietnam's imports of most items tumble

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The value of most restricted imports in Vietnam has fallen considerably since early this year, according to the General Statistics Office.

The sharpest decrease has been seen in the import of complete built unit (CBU) automobiles (50 per cent), CBU motorbikes (40 per cent) and mobile phones (50 per cent), compared to the same period last year.

Fruit and jewelry imports also dropped by 20 per cent.

In southern Vietnam, the dealers have cut down on imports as local consumers are tightening their belts as a consequence of the economic slowdown.

The import value of luxury goods such as wine and beer via Cat Lai port in Ho Chi Minh City fell by 40 per cent year on year.

VOV


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