Vietnam's Ministry of Finance (MOF) has raised import tariffs on most meat products starting March 20 to protect domestic production, according to a new circular issued by the ministry and reported by Vietnam News.
Under Circular 52/2009/TT-BTC, import duty on fresh beef saw the highest increase, from 17% to 33%. The duty on frozen beef was also raised to 20% from 17%.
The new rate for fresh pork will be 28% against 24% previously. Duty for frozen pork will be 24%.
This tariff hike is reportedly the second for meat products in recent months. The MOF first increased the rate by roughly 2% in October last year.
