86,000 billion vnd used to import machinery from Korea

	59 AEOs contributed an import-export turnover of $ US 94 billion
	Exports to the United States suddenly fall sharply
	3 Korean enterprises owed tax debt in nearly 20 years

TImport turnover of the three largest markets in April, 2017, “unit: billion USD”. Chart: T. Binh

According to the latest statistics from the General Department of Customs, on 15 May, 2017 the country spent $ US 13.141 billion (equivalent to 300,000 billion dong) to import machinery, equipment, tools and parts thereof.

With such turnover, this commodity group is the largest imported group of Vietnam.

Notably, the import turnover of machinery, equipment, tools and parts thereof also grew to nearly 40% with $ US 3.749 billion (equivalent to nearly 85,000 billion vnd) against the same period in 2016.

The proportion of machinery and equipment in the country’s total import turnover till the end of 15 May, 2017. Chart: Thai Binh

The increase in imports of the above items possibly showed that the domestic construction and production obtained certain developments. In the other hand, the high growth of these items also increase the State revenues.

Regarding the import market, machinery, equipment, tools and parts thereof were imported from many countries and territories, in which there were 3 countries reaching a turnover of more than $ US 1 billion till the end of April, 2017, updated by the General Department of Customs.

Over $US 66 billion worth of imported goods from China and Korea VCN – Export turnover alone from these two markets takes over 47% of the total imported goods ...

Korea is ranked No. 1 with a turnover of $ US 3.792 billion (equivalent to about 86,000 billion vnd) and followed by China with a turnover of $ US 3.39 billion and Japan with $ US 1.395 billion.