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Vinachem proposes tax break

Update: February, 14/2012 - 10:39

HA NOI — Viet Nam Chemicals Corp (Vinachem) has submitted a proposal to cut the import tax of nylon fibre from five to zero per cent.

Supplies of industrial cord fabric from local producers hasn't met demand, especially for automobile tyre production.

Vinachem has imported 5,000 tonnes of cord fabric, worth US$20 million per year. —VNS

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