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Import turnover increases significantly in first half of 2008
21
Jul '08
In the first six months of 2008, import turnover of Hanoi reached nearly US $12.563 million, representing a year-on-year rise of 44.4 percent.

From the total increase, import of machine and equipment witnessed a growth of 46.2 percent. Oil and gasoline which accounts for 1/3 of total import value, also soared up by 63.5 percent during this period.

According to Industry and Commerce Department of Hanoi, there were two main reasons for the increase in imports from January to June this year. First, prices of goods such as chemical, fibre and cotton have increased in world market, pushing import values further.

The other reason is, boost in production has forced domestic manufacurers to increase imports of products like chemicals, oil and gasoline.

Fibre2fashion News Desk - Vietnam

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