Vietnam to ease reliance on China, import more from South KoreaThe improt turnover from South Korea (blue line) and from China since 2011According to MOIT, Vietnam imported in the first half of the year more than $4 billion worth of computers, electronics and electronic parts, nearly $2.7 billion worth of machines, $1.7 billion worth of mobile phones and accessories, and $1 billion worth of fabrics of different kinds. In 2015, Vietnam imported $9 billion worth of machines from China, or 18 percent of import turnover from the country.Vietnamese businesses want machines made by G7 countries which have high quality and durability. They are good enough and have affordable prices.Second, South Korea has become the biggest foreign direct investor in Vietnam with $3.1 billion worth of investment capital registered in the first six months of the year. Chinese contractors usually bring machines and even Chinese workers to Vietnam to implement the projects.Cafebiz But why do they choose South Korean products?

Source: VietNamNet News July 28, 2016 03:00 UTC