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According to the Vietnamese "Customs News" reported on August 7, the Vietnam Steel Association recently recommended that the Ministry of Finance stainless steel import tax rate from 5% to 10%. Vietnam Steel Association believes that the domestic enterprises in the more cold-rolled stainless steel production capacity is over 300,000 tons / year, while total domestic demand of 250,000 tons / year. Therefore, domestic production can meet demand.

Vietnamese Ministry of Finance since January 1, 2012, imports of the commodity tax rate from 0% to 5%. But the first five months of the year cold rolled stainless steel imports still amounted to 46,000 tons, had a negative impact on domestic production and operations.