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Related Keywords: collaborate to restart, Dinh Vu polyester plant in Haiphong, discussed cooperation plans, Indian partner Reliance, maintenance, material supply, PetroVietnam, PetroVietnam Petrochemical and Textile Fiber JSC, Plant operator, PVTEX, Reliance will provide personnel, sales operations

The plant's operator PetroVietnam Petrochemical and Textile Fiber JSC (PVTex), PetroVietnam, and the Indian partner Reliance will collaborate to restart the Dinh Vu polyester plant located in the northern city in Haiphong. PetroVietnam Petrochemical and Textile Fiber JSC (PVTex), PetroVietnam, and Reliance discussed cooperation plans last month. Reliance will provide personnel for maintenance, material supply and sales operations.

Related Keywords: facing harsh competition, from zero to two percent on PSF, imported fibre, Indian textile and apparel exports, Ministry of Industry, plans to increase import tax, polyester staple fibre, PVTEX, Trans-Pacific Partnership, Vietnam domestic fibre manufacturers, yarn-forward rule of origin

The Vietnam domestic fibre manufacturers have been facing harsh competition from imported fibre. The Ministry of Industry with the aim to rescue and encourage domestic production has plans to increase import tax on polyester staple fibre (PSF) from zero to 2 percent.

The Ministry plans to raise tax on staple fibre, coded 55.01, 55.02, 55.03, 55.04, 55.06 and 55.07, which are currently enjoying a zero tax rate.