Restrict import of nonessential goods: PM

Prime Minister Nguyen Tan Dung on December 3 asked the Ministry of Industry and Trade to coordinate with authorities to restrict the import of nonessential goods and boost exports.

Imports for the first 11 months of the year were estimated at US$10.4 billion, equivalent to 20.3 percent of the country’s total import-export turnover.

According to figures from the General Statistics Office, imports for the first 11 months of the year were estimated at US$10.4 billion, equivalent to 20.3 percent of the country’s total import-export turnover.

The PM also said rules should be promulgated regarding the quality of goods, and food hygiene and safety. In addition, tax measures need to be applied to manage the import of goods.

The State bank was asked to work with ministries and local governments to implement new rules pertaining to gold businesses and gold transaction centers.

PM Dung said the State bank needs to stop gold businesses from causing market instability and damage to the economy. It needs to organize and monitor currency exchange rules and penalize unlicensed companies.

Regarding stock activities, the PM asked the Ministry of Finance to work with the State bank to check the activities of stock and fund management companies in an effort to stop speculation.

By P.Thao- Translated by M.Quynh

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