Safeguard duty on imported monosodium glutamate to reduce

HÀ NỘI — Safeguard duty on monosodium glutamate imported into Việt Nam will be lowered from March 25, 2017 according to a decision issued recently by the Ministry of Industry and Trade (MoIT).

Safeguard duty of VNĐ4,390,000 per tonne will expire on March 24. The new duty, set at VNĐ3,951,899 per tonne, will be imposed from March 25, 2017 until March 24, 2018, the ministry’s Decision 920/QD-BCT, dated March 10, states.

Monosodium glutamate imported into Việt Nam has been subject to safeguard duty since March 25, 2016, and this imposition will last for four years. Safeguard duty rate will be gradually cut and slashed to zero đồng per tonne from March 25, 2020. — VNS