In a directive issued on Monday, tariffs on printing paper for newspapers will enjoy the biggest decrease, falling to 20 percent from 32 percent.
Imports of other printing paper types and paperboard would be levied at 25 percent, a decrease of 7 percent.
Import taxes on paper varieties that are sensitive to light, electricity and heat will be maintained at 5 percent.
The directive will apply to paper imports registered at customs offices from September 15.
In July, the Ministry of Industry and Trade proposed the tariff decrease to the Ministry of Finance after the world paper price rose by26 percent since last October.
The increase prompted local paper traders to raise prices to cover the increased cost of purchasing paper from foreign markets.
The Vietnam Paper and Pulp Association has forecast local businesses will be able to produce only 1.3 million tons out of an estimated domestic demand of two million tons of paper this year.
As of the end of July this year, Vietnam had imported 118,000 tons of pulp, up 66 percent on the same period last year.
In the same period 585,000 tons of paper was imported, a 24 percent year-on-year increase.
Last year, Vietnam imported 130,000 tons of pulp and 820,000 tons of paper.
The tariff on pulp decreased from 1 percent to 0 percent on January 1 this year.
Source: TN, Agencies |
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