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News Vietnam National Cement Association proposes reducing import tax on aluminium cement

Vietnam National Cement Association proposes reducing import tax on aluminium cement

Written by Global Cement staff 26 July 2016
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Vietnam: The Vietnam National Cement Association (VNCA) has proposed that the Ministries of Planning and Investment, Finance, and Construction reduce import duties on aluminium cement to improve the competiveness of local refractory producers. At present the country charges a tax of 32 – 37% on imports of the input material used to manufacture refractory concrete and refractory bricks. However, imports of refractory bricks are only charged 6%, according to the Viet Nam News newspaper.

The VNCA suggested the government cut duties on aluminium cement imports to support local firms and reduce the country’s dependence on foreign partners, such as China. Vietnam imports refractory concrete and refractory bricks from China, India, South Korea and Germany.

Last modified on 26 July 2016
Published in Global Cement News
Tagged under
  • Vietnam
  • Vietnam National Cement Association
  • Refractory
  • aluminium cement
  • Import
  • Tax
  • GCW261

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