Vietnam Customs Include 5 Items including Rugs in List of Managed Price Risks

The General Administration of Customs of Vietnam is using the No. 4379/TCHQ-TXNK letter to consult with the provincial and municipal Customs Administrations. It is proposed that five new items be included in the list of price risk items, including refined vegetable oil (Customs Tariff Number 1507, 1509). , 1512, 1513 and 1514), processed meat and fish products (1602 and 19604), cement (2523), carpets (3819) and rice cookers (8516).

The General Administration of Customs has also previously issued Circular No. 348/TCHQ-TXNK, which lists frozen livestock and poultry, frozen fresh fish, tiles, bathroom ceramics, vacuum cleaners, irons, washing machines and electric fans on the list of price risk items.

According to the General Administration of Customs of Vietnam, the General Administration of Administration of China announced the list of price risk product items applicable in early 2008 and has adjusted it according to the actual situation. The management price list will reduce the phenomenon of misrepresentation of trades due to prices and prevent the state treasury tax revenue. Loss can also reduce the need to curb incursion, stabilize macroeconomic development and ensure social welfare.