Ministry of Finance recently issued a decision to reduce import tax for a large range of products, including sewing machines, in an attempt to curb inflation and boost economic development.
According to the decision, the tax on import of sewing–machines is expected to be cut down from 40 to 30 percent as of August 8, 2007.
Vietnam currently depends chiefly on imports to staisfy the domestic demand for sewing-machines. Japan, China, India and Taiwan are among major suppliers.
Fibre2afshion, News Desk - Vietnam
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