That is the opinion of the Ministry of Industry and Commerce Ministry of Finance submitted exchange proposed adjustments to increase import tax incentives for a steel (HS code 7209) up 9% of total steel company Viet Nam.

According to opinions of the Ministry of Industry and Commerce, the continuous increase of tax rate may affect the business of production respects the sample code, dipped zinc, tin, steel tube ... are using the input is a demand. In addition, the tax rate of import tax incentives especially for certain products and steel under a code HS in the 7209 tax cut special ASEAN – China (ACFTA) will apply to the year 2008 is 0%, so the tax rate increase import tax preferential up 9% for the purpose of preventing the risk of massively importing all kinds of steel from China will have no effect a lot. Firstly, the Ministry of Industry and Commerce proposed the Ministry of Finance review, have not adjusted the tax rate tax of goods imported steel savage.

It is known that under the proposal of the corporation Steel Viet Nam, on 3/10/2008, Ministry of Finance has issued the Decision No. 83/2008/QD-BTC adjusted rate tax rate tax cut incentives for goods a steel from 5% to 7%.