Proposal to increase agricultural imports from the US between tariff obstacles
Dong Nai Livestock Association proposes to promote the import of agricultural products from the US, Helps reduce the burden on the livestock industry, Create opportunities for trade balance.
Continue to resolve the attention of the United States
US Customs and Border Guard guiding the implementation of reciprocal tax
Supporting businesses before the US imposing reciprocal tax
1 Imported breeding pig farm about 250 The breed of the pig (GGP) per year, value of about 0,5 million dollars. Image: Nguyen Thuy.
In the context of difficulties due to US tariff policies applicable to goods exported from Vietnam, day 6/4, Dong Nai Breeding Association There is a document to the Prime Minister and the Governor of the State Bank, Proposing solutions to promote the import of agricultural products from America Before the US context announced pressure reciprocal tax For goods from Vietnam with tax rates 46%.
According to Dong Nai Breeding Association, The current, US Department of Agriculture (USDA) Deploying the GSM-102 program, is a program that provides credit guarantee to encourage the export of US agricultural goods with late payment interest rate of only 1%/year.
While, In Vietnam, have 6 The bank is allowed to participate in the GSM-102 program, But interest rates for these banks are not reasonable, leading to the implementation is not effective.
Dong Nai Livestock Association proposes the Prime Minister and the Governor of the State Bank to be interested, Consider creating conditions for banks to guarantee GSM-102 interest rate from 1-1,5% To reduce the burden on import businesses.
This solution not only helps reduce costs for import enterprises but also supports Vietnam's livestock industry to improve competitiveness.
USDA's GSM-102 program provides credit guarantee with deferred payment interest rate of only 1%/year, create opportunities for Vietnamese businesses to import agricultural products such as soybeans, Dry soybeans, corn and ddgs (dried wine) from America, With the import value of billions of dollars. These are items that are playing an important role in the livestock industry. However, The issue of high interest rates from Vietnamese banks participating in this program has made the implementation is not really effective.
Besides, America is also a source of high quality pig breeds. According to estimates, Each year a breeding pig farm in Vietnam is imported 250 The breed of the pig (GGP) close value 0,5 million dollars.
Expected, New EU regulations 6 come here, Dong Nai Breeding Association will be with some farms to the US, Sign a contract to import breeding pigs from AG World Company and cooperate with Waldo Company to develop the livestock joint venture model. Besides, The Association also promotes the import of nutritional products from International Nutrition (America) In order to improve the quality of pork, Using electric heating bulb/photography is the best, and livestock environment in Vietnam.
However, A noteworthy point is the decree 73/2025 recent, has reduced tax rates for some agricultural products from the US, Including corn and dried soybean oil from the level 1-2% down 0%.
“Import tax on agricultural products from the US, If accompanied by a support policy under the GSM-102 program, it will create conditions for businesses to increase agricultural products from the US..
This not only contributes to Vietnam's trade balance – America but also helps reduce costs for Vietnam's livestock industry, Help improve the quality of animal husbandry and improve the competitiveness of the industry in integration”, Dong Nai Breeding Association commented.
Dong Nai Breeding Association said that, Facing the current difficult situation, Especially when the US is expected to apply reciprocal tax on goods imported from Vietnam 46% on 9/4 next, Dong Nai Breeding Association urgently hopes the Prime Minister and the Governor of the State Bank are interested, Timely direct the importing enterprises in the industry to participate in the implementation of the GSM-102 program with the appropriate interest rate 1-1,5%.
At the same time, The Association also pledged to continue looking for reliable partners to import goods from the US, and desire to receive accompanying, Share from Vietnamese banks to support the industry Agriculture Overcoming difficulties in this challenging period.
Nguyen Thuy
Theo nongnghiep.vn
