date:Apr 28, 2013
od from 2009 to 2011.
As a result, investment and employment in the industry declined markedly. The unsold volume increased by 33%, hitting the record high during 2009-2012, accounting for 5% of total output.
Currently, vegetable oils imported into Vietnam are levied a tariff of 22.5-37.5%, but those imported from ASEAN members enjoy a zero tax rate under the ASEAN Trade in Goods Agreement (ATIGA). The products imported from South Korea are also tax exempt under the agreement between ASEAN and