Vieglass seeks rise in import duty
Officials at the Vietnam Glass Association, or Vieglass, has asked the Vietnamese prime minister to increase Vietnam’s import duty on construction glass to 20 percent from the current 5 percent, according to a Nov. 21 report from Vietnamese News Agency. “[Vieglass] said that domestically-produced glass is losing market share to glass imported from ASEAN [Association of Southeast Asian Nations] countries,” according to the VNA report.
This is one of several proposals sent by Vieglass to the government to help the Vietnamese glass industry through its current difficulties. Vieglass also wants a reduction in the price of fuel oil to the same levels as in neighboring countries. Overstocks currently amount to 30 million square meters of glass, as compared with the industry’s annual production capacity of 100 million square meters. A number of glass manufacturers have reduced or stopped production because of these large stocks, resulting in staff lay-offs, according to the VNA report.
The report has not been directly confirmed with Vieglass.