Vietnam to Keep Limiting Imports of Consumer Goods, Auto & Motorbike
The Vietnamese Ministry of Industry and Trade (MoIT) will this year continue carrying out measures to limit imports of materials for cigarette production, consumer goods, automobiles of under 12 seats, motorbikes and spare parts.
Total spending for these imports is forecast to stand at US$6.5 billion in 2009 and US$7.2 billion in 2010, with an average annual growth rate of 23.5 per cent during the 2008-2010 period.
The MoIT will also keep controlling the importation of steel and crude oil products, gas, and specious stones and metals, which make up 16 per cent of the country’s total import value.
The import growth of these products is expected to fall to 12.9 per cent by 2010, with the import value of about US$17.5 billion.
This year, Vietnam’s total import value is forecast to reach US$90.3 billion, up 13 per cent from 2008, and trade gap will widen to US$19.2 billion, said Minister of Industry and Trade Vu Huy Hoang. (Saigon Liberation, VNA)
Vietnamese
