The Ministry of Agriculture and Rural Development (MARD) and the Vietnam Association of Seafood Exporters and Producers (VASEP) have also said the tax rate is unreasonable. Some shrimp breeder production units which are members of the Binh Thuan provincial Shrimp Breeder Association, the Binh Thuan shrimp breeder brand, the best one in Vietnam, is under threat because of declining quality. Artemia, the best shrimp feed product, has to bear the high import tax of 5 percent but the other feed products have only zero percent. If the 5 percent tax rate is applied, the price will increase, thus pushing up the production cost. In the latest news, MARD on August 12 sent a dispatch to the Ministry of Finance and GDC asking to apply a zero tax rate on Artemia.

Source: VietNamNet News August 22, 2016 03:00 UTC