Vietnam
eases restriction on import of used machinery
Vietnam has
introduced a new policy that will allow local companies to bring in machinery
that have been in use overseas for less than 10 years, effectively easing a
restriction on machines older than five years.
According to the
Ministry of Science and Technology, the new rule will take effect on July 1
next year.
It is the second time since 2012 that the ministry has
reviewed its policy on the import of used machinery, a practice that many
have warned could put the country at risk of becoming an industrial dumping
ground.
In September last year, the ministry lifted its two-year
ban on the practice, allowing businesses to bring in used machines which are
less than five years old.
However, even with latest concession, the ministry still
faced criticism from many businesses who dismissed the restriction as
"unreasonable."
The businesses argued that machines used in different
sectors have different life expectancies, so they should not be subjected to
a single age limit.
For instance, electronics and hi-tech equipment can
become outdated in 10 years, but other machines can work well even after 20
years, they said.
They also argued that the ministry's restriction will
continue to force many businesses to buy new machines from China which cannot
outperform old machines from Japan and Germany.
Many foreign investors, on the other hand, expressed
concerns that the restriction can create barriers for them moving their
manufacturing facilities to Vietnam.
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Thứ Tư, 18 tháng 11, 2015
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