VIETNAM’S IMPORT RESTRICTIONS ON USED FACTORY EQUIPMENT BLAMED FOR SLOWING TEXTILE INVESTMENT
January 1st, 2017
AS the Vietnamese textile sector gets closer to a potential export boom triggered by the near-certain ratification of the European Union (EU)-Vietnam free-trade agreement in 2018, business advocates in Hanoi have called for a loosening of machinery import restrictions.
Notably, the textile industry has been urging the Vietnamese government to amend its ministry of science and technology Circular No 23, issued in 2015, on the import of used machinery, equipment and manufacturing lines.
This order sets conditions on foreign textile investors, specifically that ...
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