MoIT to grant automatic import licenses to steel products

VGP – From July 5, 2010 onwards, the Ministry of Industry and Trade (MIT) will provide merchants with automatic import licenses which confirm import registration for each lot of steel products.

May 31, 2010 3:22 PM GMT+7

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Under a newly-issued circular, every automatic import license is valid within 30 days since the MIT makes confirmation. The license will be granted within seven working days normally and five working days via online applications.

The circular will expire on December 31, 2010.

In the January-April period, around 35,000 tons of steel products were imported in Việt Nam every month, said Nguyễn Tiến Nghi, Vice Chairman of the Việt Nam Steel Association (VSA).

According to him, around 52-55% of these products came from ASEAN countries, 20% from China and the remaining from other countries, including Japan, the Republic of Korea and Taiwan./.

By Khánh Phương