With the increase of imports, Vietnam's cement will face tax increases!

    Increased imports of cement, mainly from Vietnam, have forced the Philippine government to impose tariffs on the building material to protect domestic industries from cheaper competitors.

    According to Nikkei AsiaReview, Manila announced that it would adopt temporary safeguard tax measures on ceramics and wall tiles, as well as colored float glass, to implement the three-year tax measures.

    The increased demand for cement comes after President Duterte beefed up a $180 billion infrastructure plan to attract foreign investment and create more jobs.