Vietnam to Limit Imports of Non-essential Goods to Curb Trade Gap
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.
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. (Youth)
Vietnamese
