The glass association – known more colloquially as Vieglass – put forward a suggestion to the country’s Prime Minister, Nguyen Tan Dung, that the current 5% duty levied on glass imports from the ASEAN member countries be increased to 20% in a bid to stem the high volume of imports entering the country at present.
According to Vieglass, the 5% tax rate on imports has encouraged a major influx of ASEAN-made glass into the Vietnamese market, causing the domestic market to become flooded with cheap foreign imports. As a consequence, production has slowed dramatically.CNC Glass Corner Grinding Polishing Machine,CNC Glass Corner Grinding Machine,CNC Glass Corner Polishing Machine, Glass Corner Grinding Polishing Machine, Glass Corner Grinding Machine, Glass Corner Polishing Machine.
Vietnamese factories have a capacity for 100 million square metres of glass per year but it is believed that a stockpile of about 30 million square metres of glass has built up in the country. It is hoped that a sizeable increase to the import tax on glass will stem the flow of cheap imports.
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Post time: Dec-20-2021