Vietnam to Lift Stamps on 16 Imported Consumer Goods in September

The Ministry of Finance of Vietnam has decided to remove import stamps on 16 categories of consumer commodities from September 1 in a bid to boost its administrative reform, local media reported.

 

The ministry’s move is aimed to improve management in order to facilitate the importing of commodities from foreign countries.

 

The targeted products include bicycles, electric fans, TVs, video players, refrigerators, air conditioners, sanitation wares, wash-hand basins, ceramic tiles, water pumps, gas and electric cookers and thermoses.

 

Earlier, the ministry decided to slash import taxes for 18 goods categories from August 8 as a temporary move to curb growing price hikes.

 

The ministry is also to set up a taskforce to inspect prices of three goods categories with soaring prices namely gas, milk and steel, aiming to find out key factors causing price hikes for the mentioned goods and to work out appropriate solutions. (Ho Chi Minh City Law, VNA)