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Vietnamese players: PP customs duties may be reduced in 2016

by ChemOrbis Editorial Team - content@chemorbis.com
  • 10/12/2015 (13:23)
In Vietnam, some PP players speculate that customs duties on import PP will be reduced to 1% despite their earlier hike expectations. The market had expected customs duties on import PP to increase to 3%. Currently, Vietnam applies a 2% customs duty on imported PP materials.

“Some buyers have heard that customs duties on import PP will be reduced to 1%, therefore they refrain from making new purchases and they elect to stay on the sidelines in order to get a clearer update regarding this issue. They are currently giving bids at very low levels,” said a distributor.
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