MoIT prioritizes domestic materials in public projects

Laws - The Vietnamese Ministry of Industry and Trade (MoIT) recently issued a document to make full use of domestic input materials and equipment in public bidding.

The MoIT requires State-owned enterprises (SOEs) to take the leading role in realizing the policy.

Specifically, SOEs will have to utilize domestic input materials, equipment and machinery while bidding for projects funded by the State.

The move aims to create favorable conditions for domestic enterprises to supply services and contribute to boosting national production and restricting trade deficit.

The policy is in line with previous legal documents of the Government such as Resolution 18/NQ-CP dated on April 06, 2010 on key measures to stabilize macro-economy, curb inflation, and achieve a GDP growth rate of 6.5% in 2010 and a Directive on the consumption of domestically made materials and goods in selecting contractors for State-funded projects.