Vietnamese import value in July shows slight increase
VOV.VN - Vietnam’s import turnover from July 16 to July 31 reached US$13.5 billion, posting a rise of 0.9% compared to the first half of July, according to the General Department of Vietnam Customs.
Meanwhile, the import value stood at an estimated US$13.4 billion between July 1 and July 15, up 5.5% against the second half of June.
Major products with high import value included electronic products and components, machinery, equipment, tools and spare parts that all belong to the "billion dollars" group of items.
During the initial seven months of the year, Vietnam spent US$178.94 billion on imports, down 17.4% compared to the same period last year.
Competent agencies have been urged to promote negotiations and sign new free trade agreements (FTAs) with other potential partners in an effort to diversify markets.
Meanwhile, businesses have been suggested to take advantage of FTAs, especially the the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the EU-Vietnam Free Trade Agreement (EVFTA), and the Vietnam-UK Free Trade Agreement (UKVFTA) to seek further sources of quality import goods with reasonable prices due to tax reduction.
