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News and analysis on the global poultry
and animal feed industries.
on April 1, 2009

Vietnam raises import taxes on meat

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.

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.

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