Vietnam spends $5.7Bln importing luxury goods in 2010: MoIT

Vietnam is estimated to have spent $5.7 billion importing luxury items in 2010, increasing 14.2% from 2009, contributing 6.78% of total 2010 import turnover

Vietnam is estimated to have spent $5.7 billion importing luxury items in 2010, increasing 14.2% from 2009, contributing 6.78% of total 2010 import turnover, the online newspaper Tuoitre reported on Jan 12, citing the Ministry of Industry and Trade (MoIT).

The country also imported $4.93 billion worth of import-discouraged goods.

Meanwhile, the average export turnover per capita only reached $830/person, 42% and 14% lower than those of Malaysia and Thailand.

Vietnam incurred a trade deficit of $12.4 billion in 2010, including export revenue of $71.6 billion (+25.5% on-year) and import turnover of $84 billion (+20.1% on-year). – Stoxplus.com

Tags: luxury goods

Posted by VBN on Jan 12 2011. Filed under Import-Export, Import-Export turnover. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry