Vietnam General Department of Customs said Vietnamese enterprises’ machinery and equipment imports from abroad for investment in fixed assets or production substantially reduced.
In recent years, Vietnamese mechanical equipment monthly imports amounted to 1.3-1.5 billion U.S. dollars, and grew at an average annual rate of 15% to 20%. However, in the first 11 months of 2012, the import of such goods was only $ 14.68 billion, an increase of only 3.7%.
In 2012, China was the top supplier for Vietnam’s machinery, equipment, instruments and spare parts imports, with a total of $ 4.73 billion, down 0.1% year-on-year, accounting for 32% of Vietnam's total imports. Imports from Japan were $ 3.13 billion, an increase of 23.9% and Korea was $ 1.58 billion, an increase of 39.3%.
