Imports of motorbikes and automobiles shoot up

Imports of whole motorbikes increased by 72.4 percent and automobiles by 79.5 percent in the first two months this year, according to statistics from the Ministry of Planning and Investment.

Imported input costs also rose sharply, oil and gas (60 percent), iron and steel (9.6 percent) and cattle-feed (20 percent).

To control import surplus at 16 percent of export turnover, the Ministry of Industry and Trade and related agencies are strictly monitoring the imports of luxurious, unessential goods and materials which are lacking in the country.

Tags: Vietnam business news, Vietnam stock news

Posted by Goderustes on Mar 7 2011. Filed under Enterprises. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry