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Brunei
Monday, November 28, 2022
25 C
Brunei
Monday, November 28, 2022
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    Vietnam imports less steel in first 10 months

    HANOI (XINHUA) – Vietnam spent nearly USD10.3 billion importing roughly 9.8 million tonnes of steel and iron in the first 10 months of this year, up 6.7 per cent in value and down 8.5 per cent in volume against the same period last year, data from the General Statistics Office showed.

    In October alone, the country imported about 820,000 tonnes of the products worth approximately USD717 million, down 10.4 per cent in volume and 22.9 per cent in value year on year.

    In 2021, Vietnam spent USD11.5 billion importing more than 12.3 million tonnes of steel and iron, down 7.1 per cent in volume but up 42.6 per cent in value against 2020, according to the office.

    Meanwhile, the country reaped over USD11.7 billion from exporting around 13 million tonnes of the products last year, seeing an increase of 131.9 per cent in volume and a hike of 223.4 per cent in value from 2020, said the office.

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