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Vieglass seeks tax rise on glass imports

Post Time:Feb 02,2009Classify:Industry NewsView:326

The Vietnam Glass Association (Vieglass) has reportedly asked Prime Minister Nguyen Tan Dung to increase the import tax on construction glass from 5% to 20%.

The increase is one of a number of proposals that Vieglass has sent to the Government to help the glass industry through current difficulties. It is estimated that overstock is reaching 30% of the industry’s annual capacity at 30 million m2 against a capacity of 100 million m2. As a result of this overstock, it is reported that many glass manufacturers have reduced or ceased production, while workers are being laid off to offset costs.

Other changes proposed to the Prime Minister by Vieglass include a reduction in the price of fuel oil to the same level as regional countries, as it has recently peaked in Vietnam at almost twice the regional price.

The association has also called for the Government to set up technical standards for imported construction glass, in order to prevent trade fraud and protect the interests of consumers.

Source: Vietnam Glass AssociationAuthor: shangyi

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