Vietnam To Raise Import Taxes On Several Products From Aug 4

Laws - The Ministry of Finance said Thursday it will raise import taxes on several products from Aug. 4, as part of the government's efforts to curb imports that have contributed to its persistent trade deficit.

The government will raise the import tax on ink jet printing machinery to 5% from zero, that on tobacco to 50% from 30% and that on baths made of steel to 36% from 32%, the ministry said in a statement.

The import tax on shelled almonds and nuts will be raised to 30% from 20% and that on tomato sauces to 35% from 30%, it added.