Imports from China accounted for some 28.8 percent of Vietnam's total import revenue in 2015, according to Vietnam's General Statistics Office (GSO) on Saturday. Specifically, in 2015, Vietnam spent some 49.3 billion U.S. dollars to import products from China, an increase of 12.9 percent year-on-year, the GSO said in a report on socio-economic development situation in 2015 posted on its website.
China remains the top supplier of commodities to Vietnam. Imports of machinery, tools and spare parts are estimated to post an increase of 11.5 percent year-on-year, while that of computer and spare parts is expected to grow by 15.2 percent, said the GSO.
Regarding exports, in 2015, Vietnam sold some 17 billion U.S. dollars worth of products to China, an increase of 13.7 percent year-on-year, said the Vietnamese statistics office. Exports of vegetables and fruits to China are likely to see an increase of 179 percent during the year, while exports of textile and garment are expected to go up by 41.5 percent, and footwear 48 percent year-on-year.
In total, Vietnam is estimated to register some 328 billion U.S. dollars in trade revenue with its foreign partners, of which imports post 165.6 billion U.S. dollars (up 12 percent) and exports 162.4 billion U.S. dollars (up 8.1 percent). Trade revenue of the domestic sector reaches 114.9 billion U.S. dollars while that of the foreign-invested sector reaches 213.1 billion U.S. dollars, said the GSO.
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