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Vietnam Business » Vietnam Import Export News » Limit imports of non-essential goods

Limit imports of non-essential goods

In the first nine months this year, Vietnam incurred a US$6.54 billion trade deficit. Vietnam’s trade gap is forecast to narrow US$11 billion to US$12 billion this year, compared with US$17.516 billion.

Deputy Prime Minister Nguyen Sinh Hung has required ministries and agencies to apply technical barriers to limit the import of non-essential goods and commodities as part of government efforts to curb the country’s trade deficit this year.

The barriers are aimed at preventing risks to people’s health and environment.

Hung also urged the State Bank of Vietnam, the country’s central bank, to request commercial banks to tighten credits for local companies that import non-essential commodities.

Vietnam Business And Financial News Network. Source [vibforum.vcci.com.vn]

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