News

Vietnam’s Seaports May Turn into World’s Dumping Ground
12 June 2015
Current laws allow import of scrap materials and prohibit import of industrial waste. However, state management agencies are confused because they cannot determine if imports are “scrap materials” which can be imported for domestic production, or “industrial waste”, which must not be imported.
There is a fine line between “scrap materials” and “industrial waste”, because it is unclear how much “waste” can exist in “scrap materials”, and how much waste should be in “industrial waste”.
That is why a big volume of industrial waste has been brought to Vietnam as scrap to serve domestic production.
The period from 2006 to 2011 is considered the golden age of the traders who imported scrap material temporarily for export later.
The business was so lucrative because traders did not need to have initial capital, while they even were paid by the sellers, who tried to take waste out of their territories. 
Source: Vietnamnet (Click here to read more)