Now glass producers propose import tax increase
In the recent dispatch sent to the Prime Minister and relevant ministries, the association also asked to the Government to consider lowering mazut prices to the levels equal to that in other regional countries, and setting up technical barriers for glass imports.
According to Vieglass, the stocks of construction glass have become worrying, estimated at 30 million sq m, while the current production capacity is about 100 million sq m a year.
Due to the large stocks, some glass factories have to stop production or have been operating perfunctorily.
The association has blamed the current production at the indifferent level to the overly high domestic mazut price, which is now two-fold more expensive than that in regional countries. Besides, with the low import tax rate, at 5%, ASEAN-made glass products have been overflowing into
In the latest news, the mazut price in
Similar to the story of glass producers, steel producers several days ago also asked for support from the Government by raising the import tax on finished steel products from 8% to 25%. The tax increases aim to prevent the steel products, now excessive in
Prior to that, the Government had to rescue the local breeding industry after farmers complained that the overly low tax rates would kill the local breeding industry. The import taxes on animal and poultry meat have been raised since the beginning of October.