Vietnam: Ministry to revise tariffs for next year

HA NOI — The Ministry of Finance is gathering recommendations on a draft for import and export tariffs for 2012.

The changes related to export in the draft were minor so the country's exports would not be significantly impacted, the ministry said.

The ministry said it was looking into cutting the export tax on coal from the current 20 per cent. Although details about the reduction were not provided, the cut was expected to be modest because a high tax would help restrict exports to meet the country's rising demand for coal.