China’s exports to 70 countries under its “One Belt, One Road” strategy was up 1.5% to US$ 372 billion from January to June 2015, according to China’s custom data. The country’s imports declined 18.8% to US$ 256 billion, while its trade surplus rose US$ 65 billion compared to last year’s US$ 115.5 billion. Vietnam is China's third largest trade partner, and it has a trade surplus relation with the country.
As we all know, many countries vigorously promote energy-saving. Because there will not be enough energy in the world. Our earth we lived in provided the energy is limited. Energy is not only the method the countries save costs, but also the policy which benefits the sustainable development of human beings. In 2015, countries do more to promote the development of DALI dimmable driver. So What hidden can We find from Vietnam’s LED lighting market and Government policies?
Government's full support creates the perfect timing for LED manufacturers to enter the market. In 2005, the Ministry of Industry and Trade (MOIT) approved national energy efficiency and conservation 2006-2015, which known as the Vietnam Energy Efficiency and Conservation Program (VNEEP). VNEEP aims at increasing energy efficiency and reducing energy consumption by implementing varied procedures.
Vietnam promised to reduce import tax after joining WTO in 2007. At the end of 2008, Vietnam made 1%-5% tariff discount toward ASEAN counties based on Common Effective Preferential Tariff (CEPT). By 2014, the tariff was reduced to an average of 13.4% and implement zero tariff toward general products by 2015.
The Vietnamese government rolled out a US$ 90 billion urban upgrading project, aiming at 70% of urbanization by 2020. The urban upgrade project will further stimulate Vietnam's architectural lighting market, especially residential lighting, commercial lighting, hotel lighting, resort, entertainment and infrastructure lighting.
