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China, ASEAN to be Vietnam's biggest import markets

(Xinhua)
Updated: 2007-11-23 14:51

China and the Association of Southeast Asian Nations (ASEAN) are expected to be Vietnam's biggest import markets this year, local newspaper Investment reported Friday.

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Vietnam's imports from China and the ASEAN are expected to respectively account for 20 percent and 25 percent of its anticipated total import revenues of US$59 billion in 2007, the paper quoted the Vietnamese Ministry of Industry and Trade as saying.

Vietnam's major import items from the two markets include machines, equipment, steel, fertilizers and motorbikes.

Vietnam, which reaped import turnovers of US$44.4 billion in 2006, spent nearly US$50 billion on importing goods in the first 10 months of 2007, according to the General Statistics Office.


(For more biz stories, please visit Industry Updates)



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