Vietnam association wants tax cut on aluminium cement

Vietnam association wants tax cut 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 per cent on imports of the input material used to manufacture refractory concrete and refractory bricks. However, imports of refractory bricks are only charged 6 per cent, according to the Viet Nam News newspaper. 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.

Related Stories

Indian Cement Review
www.indiancementreview.com