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VietNamNews

Chinese telephones, parts crowd domestic market

Update: May, 20/2015 - 08:20

The nation's total import turnover of telephones and components in the first four months hit US$3.45 billion, increasing 26.5 per cent compared to the same period of last year. — Photo Techz.vn

HA NOI (VNS) — Telephones and components imported from China made up for 70 per cent of the nation's total import turnover of these products in the first four months of this year, reported the General Department of Viet Nam Customs.

The nation's total import turnover of telephones and components in the first four months hit US$3.45 billion, increasing 26.5 per cent compared to the same period of last year.

Of those, the country imported $2.4 billion worth of telephones and components from China, an increase of 27.3 per cent.

South Korea ranked second with $818 million in import value, up 13.3 per cent compared to the same period last year.

Viet Nam also imported a lot of machinery, equipments and spare parts from China.

Although the import value of these products fell by 17 per cent in April compared to the previous month to $2.15 billion, the total import value in the first four months of this year was $9.09 billion, a sharp decrease of 37.1 per cent compared to the same period last year.

Of those, the foreign direct investment (FDI) sector imported nearly $6.08 billion, rising 53.5 per cent, while domestic sector imported $3.02 biliion, increasing 12.8 per cent.

China was also the biggest provider of these products to Viet Nam in the first four months of this year with the import value of $2.9 billion.

South Korea ranked second with $1.84 billion, followed by Japan with $1.73 billion.

The import value of computers, electronic products and components increased by 32.9 per cent to reach $7.36 billion in the first four months.

South Korea was the biggest providers of these products with an import value of $2.1 billion. China ranked second with $1.55 billion, followed by Singapore with $764 million and Japan with $730 million. — VNS

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