Supply chain an answer to deficit woes? - Vietnam Investment Review

    by
    Spearin
    Published on 07-19-2010
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    Latest Ministry of Industry and Trade (MoIT) statistics showed that more than 80 per cent of Vietnam’s imports in the first half of 2010 were crucial raw materials, machinery and equipment for local production.

    “It meant that the country remained heavily dependent of overseas resources to carry out local manufacturing and production activities and consumption as well,” said Pham Van Chinh, general director of the MoIT’s Export and Import Department.

    Imports of necessary raw materials, machinery and equipment hit $32 billion during the period, up 28 per cent year-on-year and accounting for 82 per cent of the overall $38.8 billion of the country’s import value during the period.

    The import value of cotton recorded the highest growth of 140 per cent from last year’s corresponding time to $329 million to supply the local garment and textile industry.



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