Vietnam National Cement Association proposes reducing import tax on aluminium cement
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.
Source: Global Cement News