Tag: tariffs
Government mulls increase in pulp, paper tariffs
The Ministry of Industry and Trade Friday recommended a hike in import taxes on pulp and paper to protect domestic producers. It suggested increasing the tariff on pulp from zero to 5 percent and on paper imported from Southeast Asia, the country’s main supplier, from 3 percent to 5 percent.It also suggested a cut in value-added tax for paper producers,... Read more
High tariffs and complex customs reduce exports
Concerns of rapid rises in export duties and complex customs formalities were raised at a meeting between the Ministry of Industry and Trade and foreign-invested companies in the South on December 4. Workers of a company in HCM City produce ceramics for export VietNamNet Bridge - Concerns of rapid rises in export duties and complex customs formalities were... Read more
Troubled steel makers call for higher tariffs to curb imports
Vietnamese steel manufacturers have asked the government to more than double import tax on finished steel to 20 percent from 8 percent to protect them from cheaper imports, their association said. The current rate is 8 percent.The Vietnam Steel Association (VSA) had last week proposed that the government should... Read more
Steel tariffs may rise to curb imports, says minister
The government may increase steel tariffs after a 57 percent surge in imports and slowing consumption lead to higher stockpiles at domestic producers, the Ministry of Industry and Trade said. A proposal would be submitted to Prime Minister Nguyen Tan Dung this week, Le Duong Quang, deputy minister of industry and... Read more
Food prices unaffected by higher import tariffs
VietNamNet Bridge – In spite of the new import tariffs on meat and poultry products imposed more than two weeks ago, the prices of most meat and poultry products, both in wholesale and in retail markets, remain unchanged, according to experts. However, the prices of meat and poultry products have remained almost unchanged since the decision took effect... Read more
Ministry suggests raising fuel import tariffs
The Ministry of Finance has proposed raising fuel import tariffs to offset state budget losses caused by falling global prices of crude oil, a staple Vietnam export. The import tax on gasoline should be increased to 25 percent from 15 percent, diesel to 15 percent from 10 percent, and kerosene and mazut to 25 percent... Read more
Phone tariffs cut by up to 20%
VietNamNet Bridge – The Viet Nam Post and Telecommunications Group (VNPT) last Friday said it would unify tariffs of several of its phone services in a bid to trigger demand. From next month, inter-provincial calls between VNPT’s fixed-phone subscribers will only cost callers VND1,000 per minute. The country’s biggest telecom firm said the unified... Read more
US to review dumping tariffs on Vietnam’s catfish
VietNamNet Bridge – The US International Trade Committee (ITC) has voted for a five-year administrative review of its anti-dumping tariff levied on Vietnam’s catfish fillets, according to the Vietnam Association of Seafood Exporters and Producers (VASEP). The US International Trade Committee has voted for a five-year administrative review of its... Read more
Two catfish exporters register for lifting of US anti-dumping tariffs
VietNamNet Bridge – The Saigon-Mekong Fish Company (SAMEFICO) and Cadovimex II have asked the US Department of Commerce to reconsider the anti-dumping policy imposed on their products. In their submissions to the USA’s top watchdog, the two enterprises clearly explained that their frozen Tra trademark catfish fillets were not exported to the US market... Read more
Tariffs on imported meat to be raised
VietNamNet Bridge – The Ministry of Finance has decided to increase the tariffs levied on animal meat imports by at least two percent. Poultry meat and by-products will also suffer a hike in import tariffs with chicken the hardest-hit as the rates applied to the range of chicken products will increase from 15 percent to 40 percent.A decision coded 83/2008/QD-BTC... Read more