Vietnam says to cut tariffs on several U.S. products

HANOI, March 26 (Reuters) - Vietnam will cut its tariffs on several U.S. products, the head of the Finance Ministry's tax policy department said.

Among the cuts, the tariff on American LNG will be cut to 2% from 5%, on automobiles to 32% from a range of 45% to 64%, and on ethanol to 5% from 10%, Nguyen Quoc Hung said in a statement posted on the ministry's website late on Tuesday.

Hung said Vietnam will also remove tariff on American ethane. He said the decree on the tariff cut will be ready within this month and will take effect right after that.