For construction steel, the Ministry of Finance has proposed raising the tax to 1.3-2 percent. A three percent rate is also proposed for steel ingots.
The ministry also proposed imposing a 5.3 percent tax on cement, and only 5 percent on clinker.
It asked the Prime Minister for his ideas on increasing export taxes on wood and wood products to a maximum of 20 percent as China is purchasing more rubber wood from Vietnam.
Export taxes on railway crossties or wooden tram rails are set to be increased by 5-20 percent due to a 300 percent surge in the export of these commodities in 2010.