Vietnam Imports US$60.8Bln worth Commodities This Year
Vietnam was estimated to import up to US$60.83 billion worth of goods in 2007, up 35.5 per cent on year, according to the Ministry of Industry and Trade.
The country's import spending exceeded 16.3 per cent of the plan, the ministry said.
The ministry also listed 13 items having an import value of over US$1 billion, including machineries and equipment (US$10 billion), gasoline (US$7 billion), iron and steel (nearly US$5 billion), clothes (US$4 billion), and electronics and computer spares (US$3 billion).
The country suffered the widening trade gap of US$12.45 billion (or 25.6 per cent of total export revenue) in 2007, a twofold increase against that of last year.
On schedule, the nation targets to reduce the gap to 18.7 per cent in 2008.
In 2007, Vietnam's export turnover is estimated at US$48.38 billion, up 21.5 per cent on year (equaling to 68.1 per cent of GDP this year). The figure is set to increase to US$58.6 billion next year. (Investment Review)
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