VietNamNet Bridge – The Ministry of Industry and Trade on
Monday, Jan 7, abolished a regulation that restricted traders to importing
mobile phones, wines and spirits and cosmetics through three specific routes.
The decision, with effect
immediately, permits traders to import through all ports and by road, rail and
air. The restrictions were lifted in a bid to help struggling businesses.
"This is good news for
mobile phone traders like us," said a senior representative from Tran Anh,
a mobile phone importer in Ha Noi, "and it will also help reduce phone
prices and give a wider range of models".
In May 2011, the Customs Department
issued a notice that required the imports to enter Viet Nam through customs
clearance facilities at international seaports in HCM City, Hai Phong and Da
Nang.
It also required additional
customs documentation to be provided and an obligation to have these documents
approved by the consulate of Viet Nam in the exporting country.
The restrictions prompted many
complaints from Viet Nam's mobile phone networks and handset retailers as it
had the potential to drive up costs and put a damper on handset sales.
They said banning imports by
road, rail, air and other seaports would cause disruption in export patterns
and trade losses.
Furthermore, obtaining additional
documentation and having it consulate-approved caused an additional burden,
cost and delay.
The Ministry of Industry and
Trade said Viet Nam imported US$4.47 billion worth of cell phones last year, a
70 per cent increase year-on-year.
New mobile subscribers in Viet
Nam have gone from 19 million in 2006 to 98 million in 2009 and more than 123
million last year.
Source: VNS
Business & Investment Opportunities
Saigon Business Corporation Pte Ltd (SBC) is incorporated in Singapore since 1994. As Your Business Companion, we propose a range of services in Strategy, Investment and Management, focusing Health care and Life Science with expertise in ASEAN 's area. We are currently changing the platform of www.yourvietnamexpert.com, if any request, please, contact directly Dr Christian SIODMAK, business strategist, owner and CEO of SBC at christian.siodmak@gmail.com. Many thanks.
No comments:
Post a Comment