Vietnam’s finance ministry suggests increasing maximum environment tax levels on fuels

In particular, the minimum environmental protection tax rates on fuels should be kept unchanged, while the maximum rates should be revised up to facilitate policy adjustments when needed. The current tax rates on fuels (except for kerosene) are the highest in the tax frame. In addition, bio-fuels with a higher proportion of ethanol should be entitled to a lower environmental protection tax rate. The current tax rates on fuels (except for kerosene) are the highest in the tax frame. In addition, bio-fuels with a higher proportion of ethanol should be entitled to a lower environmental protection tax rate.