- © Copyright of Vietnamnet Global.
- Tel: 024 3772 7988 Fax: (024) 37722734
- Email: evnn@vietnamnet.vn
Update news Circular 20
The regulation that machines which have been used for more than 10 years will not be allowed to be imported to Vietnam is expected to affect Japanese FDI (foreign direct investment) in Vietnam.
VietNamNet Bridge - The Ministry of Transport (MOT) is compiling a legal document which will replace the controversial Circular 20, which bars small automobile importers from entering the market.
Circular 20 with strict requirements on the quality and usage time of used equipment, which faced strong opposition from the business circle, has been replaced with a new Circular 23. However, many questions are still pending.
Vietnamese enterprises should carefully consider before importing second-hand machinery and equipment for production, Minister of Science and Technology Nguyen Hoang Quan said in a recent interview.