Ordinance No. 42/2002/PL-UBTVQH10 dated June 11, 2002 of the Standing Committee of National Assembly on safeguards in the import of foreign goods into Vietnam
THE STANDING COMMITTEE OF NATIONAL ASSEMBLY
SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom - Happiness
Hanoi, May 25, 2002
ON SAFEGUARDS IN THE IMPORT OF FOREIGN GOODS INTO VIETNAM
(No. 42/2002/PL-UBTVQH10 of May 25, 2002)
In order to enhance the State management over the economy, create conditions for the Vietnamese economy to effectively integrate into the international economy, restrict unfavorable impacts causing serious injury to the domestic production due to abnormal increases in the import of goods into Vietnam;
Pursuant to the 1992 Constitution of the Socialist Republic of Vietnam, which was amended and supplemented under Resolution No. 51/2001/QH10 of December 25, 2001 of the Xth National Assembly at its 10th session;
Pursuant to the Resolution of the Xth National Assembly, 10th session, on the 2002 law- and ordinance-making program;
This Ordinance provides for the safeguard measures in the import of foreign goods into Vietnam,
Article 1.- Scope of regulation
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This Ordinance prescribes the safeguard measures, the conditions and procedures for the application of these measures in cases of excessive import of goods into Vietnam, which causes serious injury to the domestic production.
Article 2.- Right to apply safeguard measures
The Vietnamese Government has the right to apply safeguard measures in cases where goods of a certain kind are excessively imported into Vietnam under the provisions of this Ordinance.
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