Vietnam may nix stainless scrap export tax

Sep 26, 2013 | 11:02 AM | Weilyn Loo

Tags  Vietnam tax, stainless scrap, export tax, Vietnam Steel Association, Dinh Huy Tam, Ministry of Industry and Trade, Ministry of Finance, Weilyn Loo

SINGAPORE — The Vietnamese government is considering the removal of a 15-percent tax on stainless steel scrap exports, Dinh Huy Tam, vice chairman and general secretary of the Vietnam Steel Association (VSA), confirmed to AMM sister publication Steel First Sept. 25.

The elimination of the tax would be useful in easing "the heavy burden" on domestic stainless steel producers as the operating environment in the sector remains difficult, he said.....

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