Business

Export tax on sliced cassava cut

The export tax for sliced cassava was reduced from 5 percent to zero last weekend after the Finance Ministry released Circular No. 141 on revising the tax.
Export tax on sliced cassava cut ảnh 1The Dong Xuan - Phu Yen cassava starch processing factory in central Quang Ngai Province. Photo: VNA

The export tax for sliced cassava was reduced from 5 percent to zero last weekend after the Finance Ministry released Circular No. 141 on revising the tax.

The decision was issued after receiving approval, in principle, from the Prime Minister. The ministry said they would cooperate with the relevant agencies to change tariffs for the exported cassava products in the coming period. It will also evaluate ways of gradually increasing the export tariffs for cassava to match the plan for E5 bio-fuel production and consumption.

On May 6, 2015, the ministry issued Circular No. 63/2015 to increase the tax to five percent, aiming to ensure the supply of sliced cassava, the main material for E5 bio-fuel production.

However, the tax level created difficulties for enterprises and farmers. Last year, Vietnam imported more than 1 million tonnes of cassava and exported some 2 million tonnes of sliced cassava.-VNA

VNA
#sliced cassava #export tax #export tariffs #E5 bio-fuel
Follow VietnamPlus

Related News

Tapioca farmers seek tariff relief

Tapioca farmers seek tariff relief

The Ministry of Finance on August 3 proposed that the Prime Minister temporarily stop collecting export tariffs levied at five percent on tapioca chips since the business was facing difficulties.
Decision to ensure high quality bio-fuel supplies

Decision to ensure high quality bio-fuel supplies

From December this year E5 bio-fuel made by adding ethanol will be produced and sold nationwide, according to the Prime Minister's Decision 53/2012/QD – TTg on the road map for using E5 petrol.

See more

Vietnam launches first homegrown mini electric truck GIO Tano 250 (Photo: VNA)

Vietnam unveils first locally made mini electric truck GIO Tano 250

The Tano 250, Vietnam’s first multifunctional mini electric truck designed and manufactured entirely domestically, promotes low-emission, low-noise mobility in urban and agricultural settings. With an estimated retail price starting at 35 million VND ( nearly 1,330 USD), it aims to make green transport more accessible to everyday users.

Deputy Prime Minister Bui Thanh Son speaks at the US-Vietnam Business Summit 2025. (Photo: VNA)

Vietnam highly values win-win economic, commercial cooperation with US: Deputy PM

Son expressed his confidence that with a 30-year foundation of cooperation and increasingly high political trust, along with the support of the business communities, Vietnam and the US will continue to write a brighter new chapter in the Comprehensive Strategic Partnership for peace, cooperation, and prosperity of both nations and the world.

Competent forces of Ninh Binh province inspect a fishing vessel at Ninh Co fishing port (Photo: VNA)

Ninh Binh province strictly deals with IUU violations

Local authorities have strictly prohibited “three-no” fishing vessels — those without registration, technical inspection or licences — from setting sail, while intensifying enforcement against other violations in fishing.

An overview of the workshop (Photo: VNA)

Project empowers women entrepreneurs to tap into global e-commerce market

Overall, more than 600 women-led enterprises benefited from the project’s training, while 13 partner organisations enhanced their expertise in supporting women in e-commerce. Between June and September 2025, the 32 participating firms recorded over 455,000 buyer searches and 85,000 page views, indicating increased visibility and growing confidence in the global digital marketplace.

A booth at the trade promotion fair. (Photo: VNA)

Red River Delta trade promotion fair opens in Hung Yen

A trade promotion fair for localities in the Red River Delta opened on November 10 in the northern province of Hung Yen, aiming to foster regional connectivity, promote sustainable development and enhance brand of regional products.

Tan Thuan Export Processing Zone, Ho Chi Minh City (Photo: VNA)

Foreign investors ready to pour capital into HCM City

Administrative reform remains HCM City’s top priority. The city aims to cut at least 30% of procedures, reduce processing times and costs, and shift from a “management mindset” to a “service mindset” to better support the business community.

PM Pham Minh Chinh speaks at the event (Photo: VNA)

PM spotlights solidarity, cooperation, dialogue at annual business forum

Vietnam will maintain political stability and social order, push three strategic breakthroughs in institutional reform, hard and soft infrastructure, and quality human resources, while restructuring the economy and reforming the growth model, sustaining macroeconomic stability, and bolstering connectivity between domestic and FDI enterprises, said PM Pham Minh Chinh.