VITAS appeals to remove tariffs on polyester fibre

The Vietnam Textile and Apparel Association (VITAS) aiming to remove difficulties for textile and garment enterprises, following feedback and recommendations of many domestic enterprises that they are finding it tough to sustain due to high cost of importing raw material, has appealed to the ministries of finance and industry and trade not to increase import tariffs on polyester fibre from zero to 2 percent.

According to VITAS, enterprises still have to import materials and produce goods domestically. However, many are being forced to close operation as they cannot bear the high cost and expense, such as the Dinh Vu Polyester Fibre Plant in the northern province of Hai Phong.

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.

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 in rural and mountainous areas.

Recent Posts

Hologenix and HEFEL unveil the wellness retreat line

Hologenix, a leader in infrared technology fabrics, has partnered with Austria’s renowned bedding brand HEFEL to launch the Wellness Retreat…

23 hours ago

Sicomin, MADskis to advance sustainable manufacturing

Sicomin, a leader in bio-based epoxy systems, has partnered with MADskis, a Swiss brand known for its handcrafted, sustainable ski…

23 hours ago

CAVA introduces advanced fabric blend for modern athleisure

Athleisure brand CAVA has launched ADPTTM, their first innovative fabric and technology combination designed to provide all-day comfort and ease…

23 hours ago

USTR launches policy papers to strengthen supply chain resilience

The Office of the United States Trade Representative has released a series of policy papers aimed at strengthening the resilience…

2 days ago

Soorty unveils innovative collagen denim fabric

Combining advanced technology, wellness science, and denim craftsmanship, Soorty has launched its latest fabric, Collagen Denim at Kingpins Amsterdam last…

2 days ago

Bonjour launches eco-friendly bamboo socks

Bonjour has introduced eco-friendly bamboo socks made from sustainable bamboo fabric which offer excellent breathability and natural odour resistance.

2 days ago