Vietnam spends 40.24 bln dollars on Chinese imports in 10 months

By：Xinhua Update：2016-11-21

HANOI, Nov. 21 (Xinhua) -- As of the end of October 2016, Vietnam's total import revenue reached 140.6 billion U.S. dollars, of which, China was the largest supplier with 40.24 billion U.S. dollars.

According to the latest statistics by Vietnam Customs on Monday, compared to the same period last year, Vietnam's import revenue from China went down by 1.4 percent, or 576 million U.S. dollars.

There are eight groups of China-imported goods with over one billion U.S. dollar revenue each including machines, equipments and tools (7.35 billion U.S. dollars), cell phones and accessories (4.9 billion U.S. dollars), computers, electronic products and accessories (4.76 billion U.S. dollars) among others, said Vietnam Customs.

In 2015, Vietnam spent over 49.3 billion U.S. dollars importing goods from China, accounting for 28.8 percent of the country's total import revenue.

During 2011-2015 period, China ranked first among major good suppliers to Vietnam, said the customs.

As the country's Lunar New Year holiday nears and hundreds of goods from China and ASEAN will enjoy zero-percent import tax to Vietnam following ASEAN-China Free Trade Agreement (ACFTA), Chinese imported goods into Vietnam are expected to rise, reported the state-run radio VOV on Monday.