Import tax reduction promotes production

by VTV406 January 2018 Last updated at 14:32 PM

VTV.vn - 10 new decrees on Vietnam's special preferential tariffs were released by the Ministry of Finance under the requirements of Free Trade Agreements.

Over 36,000 tariff lines will be cut this year. This means the state budget revenues from import taxes will decrease sharply. If domestic enterprises missed this opportunity to boost exports, they will lose the advantages of the 10 new FTAs decrees and the domestic market will be easier for foreign businesses.

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