 Home > Food News > Food Articles > Vietnam plans to adjust fertilizer export tax rate

Vietnam plans to adjust fertilizer export tax rate

 Last Update: 2022-05-19
 Source: Internet
 Author: User

Tags

world finance careers

website

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

Vietnam News Agency News website reported on April 27, 2022, the Ministry of Finance of Vietnam said that in order to reduce domestic fertilizer prices and stabilize supply, the Ministry of Finance has reported to the government that it intends to impose a unified tariff of 5% on exported fertilizers .
Different tax rates are applied depending on the proportion of minerals .
Vietnam's Ministry of Finance said that in the context of rising fertilizer prices, this will help safeguard domestic fertilizer resources and ensure the interests of the country and enterprises .

According to a previous report on the fertilizer market overview submitted by the Ministry of Finance of Vietnam to the government, the world and domestic fertilizer prices continued to rise due to the dependence of most raw materials on imports and the rising prices of raw materials
.
In addition, the shortage of empty containers and the shortage of production raw materials (such as phosphate rock beneficiation for the production of NPK compound fertilizers) also exacerbated the rise in fertilizer prices
.
Up to now, Vietnam's total domestic chemical fertilizer production capacity has reached 29.
25 million tons, which can meet Vietnam's domestic demand for nitrogen and phosphate fertilizers.
However, due to the lack of potash mines, potash fertilizers must be imported
.

Uniform price for export

This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

Related Products

Manufacturer Price Bulk Ammonium Bicarbonate for Crackers with High Quality

CAS No.: 1066-33-7

Food Grade

$190-220/MT FOB

Food Additive Sodium Citrate Powder Trisodium Citrate Dihydrate USP FCC E331

CAS No.: 6132-04-3

Food Garde / USP Grade / E331

$2150-2400/MT FOB

Food and Cosmetics Grade Sodium Hyaluronate Hyaluronic Acid Powder CAS 9004-61-9 Best price

CAS No.: 9004-61-9

Food Grade

$10/KG FOB

Hot Tags

united states jobs(223)

jobs united states(236)

1 year treasury(277)

1 year subscription(296)

single use technology(195)

announcements today(81)

ups united states(221)

united states logo(227)

80 20 company(94)

healthy food name(42)

Hot Articles

The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.