The Viet Nam Cassava Association has proposed the Government does not implement a recent decision on value-added tax (VAT) refunds for cassava starch products as it will difficulties for the cassava industry.
Viet Nam will continue to face difficulties in exporting cassava this year, especially to China, the largest export market of local cassava, according to the Viet Nam Cassava Association.
Cassava processors are facing difficulties due to a raw material shortage and, especially, tightening of overland imports and erection of barriers to imports of farm produce by China, their largest export market.
Cassava is one of Viet Nam’s billion-dollar export products. But the starchy root’s dependence on a single export market as well as shrinking production supply areas have challenged the industry’s ambitious goal of reaching US$2 billion worth of exports by 2023.
Vietnamese cassava businesses should look for new export markets to
avoid dependence on the Chinese market, the chairman of Viet Nam Cassava
Association (VCA) told Thoi bao Kinh te Viet Nam (Vietnam Economic Times) newspaper.
Viet Nam has witnessed a resurgence in its cassava
exports since August 2014, but its cassava industry continues to face
development challenges, experts said.