VITAS recommends removing tariffs on polyester fibre

13 Oct '17

1 min read

The Vietnam Textile and Apparel Association (VITAS) has appealed to the ministries of finance and industry and trade not to increase import tariffs on polyester fibre from zero to 2 per cent. The request follows feedback from many domestic enterprises that are finding it tough to sustain because of the high cost of importing raw material.

VITAS has also urged the government not to raise the regional minimum wage in 2018 and consider adjusting the insurance premium rates paid by firms to a more reasonable level, so that enterprises can mobilise resources and improve their competitiveness to expand production and create jobs, according to a Vietnamese news agency report.

In another recommendation to the ministry of information and communications, it wanted an amendment to a decree on the conditions for licensing the import of printers for textile products. According to the decree, the owner of a textile business is allowed to import printers if he has a college diploma or higher in the printing field or is granted a certificate of professional training by the ministry. (DS)

Fibre2Fashion News Desk – India

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