Vietnam to slow glass imports as a boon to stressed local firms
The government has allowed the Vietnam Glass Association to set stricter construction glass import standards to protect struggling local companies.
The move is expected to help prevent cheap and low quality glass products from entering the domestic market.
Vietnam’s glass inventory had surged to 34 million square meters, or 42 percent of the total annual output of the industry, by the end of May, according to the association (Vieglass).
Two members of the association had to shut down while the others cut back on production as demand for glass has fallen due to slowing construction activity, according to a June 15 Thanhniennews.com report.