Vietnam tariff hikes stifle meat, poultry imports

Two Vietnam import tax hikes have reduced the quantity of meat and poultry imports entering the country, according to an article from Viet Nam News.
Last October, the Ministry of Finance increased import duties on meat and poultry for the first time by 2% to slow the movement of imported goods into the country and help stimulate the domestic husbandry industry.
The ministry instituted a second tax increase in February, with a rise from 17% to 33% on fresh and frozen beef.
However, the tax hike did not do enough to prevent the influx of imported meat and poultry, according to the article.