VASEP Calls for a 0% Import Duty on Raw Seafood

The Viet Nam Association of Seafood Exporters and Producers (VASEP) has petitioned Vietnamese authorities for a zero percentage tax on import duty imposed raw seafood, a VASEP representative announced yesterday.

Raw Salmon will be among Viet Nam's import items in the coming time.

In a report sent to the Ministry of Agriculture and Rural Development,  VASEP said the tax exemption would help domestic entrepreneurs horn their competitive edge in international markets.

Foreign competitors are currently subject to zero import duty on raw seafood while domestic companies do not benefit from this policy, thus making it is hard for domestic firms to compete in input cost versus output cost, complained Vice Chairwoman of VASEP Nguyen Thi Thu Sac.

The zero import duty is necessary to make the competition fairer for the domestic entrepreneurs.

Another good consequence is that a profuse amount of raw seafood is expected to flood in following the exemption, partly alleviating domestic scarcity, Mrs. Sac added.

VASEP also petitioned to be allowed to import some new raw seafood items, including salmon, gadus, and pollock for export outsourcing as Viet Nam possesses an abundant labor source, Vice Chairman VASEP Ngo Phuoc Hau said.

If everything ran well, Viet Nam would probably be the biggest contract manufacturer in Asia, instead of China as now, he added.

Moreover, the new imports would promote some new businesses, including cold storage, equipment, delivery, manufacturing and packing, Mr. Hau added.

As a result, these would be helpful in solving jobs problem and improve living standards for local employees.

By Thanh Nam – Translated by Truong Son

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