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Vietnam spends $10.7 billion on Chinese imports in Q1

Staff writer |
In the first quarter of 2016, Vietnam spent some 10.7 billion U.S. dollars on imports from China, accounting for around 28 percent of Vietnam's total import revenue, according to Vietnam Customs.

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During the period, China was the top supplier to Vietnam with such items as machines, equipments, spare parts, garment, textile materials, cell phones and accessories, computers and accessories, and fabrics among others, local media quoted the Vietnam Customs as saying.

In the first quarter, Vietnam exported goods worth some 4.2 billion U.S. dollars to China.

During the period, the South Korea and the Association of Southeast Asian Nations (ASEAN) ranked second and third among major exporters to Vietnam with respective revenue of 6.8 billion U.S. dollars and 5.3 billion U.S. dollars.

Also according to the Vietnam Customs, in the first quarter, Vietnam's total trade revenue with foreign partners hit over 76.2 billion U.S. dollars. The country's export revenue reached 38.77 billion U.S. dollars and import revenue was around 37.43 billion U.S. dollars.

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