Vietnamese garment firms stitched up by export tariffs

Over the first four months of this year, three out of ten cars imported into Vietnam were made in Thailand.

The United States slapped Chinese steelmakers with final import duties of 522 percent on cold-rolled flat steel on May 17 after finding that their products were being sold in the U.S. market below cost and with unfair subsidies.

The Dung Quat oil refinery, in an attempt to reduce losses after certain Free Trade Agreements (FTA) come into effect,  is seeking approval from the Ministry of Finance to self-regulate import taxes on oil products.

The association has sent a proposal to the Prime Minister asking for import taxes on oil products to be cut while raising consumer taxes to make up losses to the state revenue.

Import duty on diesel and jet fuels has been lowered while the tax on gasoline remains unchanged, effective on March 18.