Heineken to shift production from Singapore to Vietnam and Malaysia
Dutch brewer Heineken will shift its brewing production from Singapore to Vietnam and Malaysia as part of its strategy to build a more agile regional supply approach.
National Assembly Standing Committee approves proposal for environmental protection tax cut on gasoline
(TBTCO) - The National Assembly Standing Committee has approved the Government's proposal to cut environmental protection tax on gasoline to the floor level in a bid to cool down rising energy price.
The decision is set to take effect from July 11 after it was made at the Committee’s extraordinary session on Wednesday.
Specifically, environmental protection tax on gasoline will be reduced to VND1,000 per liter from the current VND 2,000.
Environment protection tax on jet fuel will be lowered to VND1,000 per liter from the current VND1,500.
Environment protection tax on diesel oil will be cut to VND500 per liter from the current VND1,000.
Environment protection tax on mazut oil and lubricants will be reduced to VND300 per liter from the current VND1,000.
Environment protection tax on grease will be lowered to VND300 from the current VND1,000.
Meanwhile, tax on kerosene remains unchanged at VND300 per liter as it has stood at the floor level.
National Assembly Chairman Vuong Dinh Hue also asked the Government to promptly mull over reduction of other taxes and fees related to petrol products including special consumption tax and value added tax (VAT).
The tax costs related to the composition of gasoline prices in Viet Nam were quite large, ranging from 30 to 45 per cent of petrol prices, including import tax, special consumption, value-added tax, and business expenses.
Rising petrol prices will certainly affect the transportation and logistics industries, and drive up the costs of other industries, putting big pressure on inflationary control efforts.
 |
Bài liên quan
Dành cho bạn
Đọc thêm
Lynas secures Vietnam metal processing deal with LS Eco Energy
Australian rare-earths miner Lynas has signed a framework agreement with LS Eco Energy to produce rare earth metals at a new facility in Vietnam.
Vietnam and EU seek to strengthen ties in transport infrastructure and urban development
Vietnam and the EU will enhance cooperation in transport infrastructure and sustainable urban development in the future, a meeting has heard.
Warburg Pincus eyes participation in Vietnam International Finance Centre
Global private equity firm Warburg Pincus is keen on participating in the Vietnam International Finance Centre, according to a conference held on March 23.
Novatek eyes expanded LNG cooperation in Vietnam
As Vietnam races to secure its energy future and meet the demands of its surging economy, a new partnership with a Russian energy giant is taking shape, signalling a deepening of the nations' long-standing ties.
EU to mobilise over $1 billion for major infrastructure projects in Vietnam
The European Union has launched a $46.4 million Sustainable Transport Development Fund to support large-scale infrastructure projects in Vietnam, with plans to mobilise additional financing from banks and private partners.
NIC partners with TU Berlin to boost Vietnam innovation ties
The National Innovation Centre has partnered with a leading technical university in Berlin to strengthen innovation and startup linkages between Vietnam and Germany.
ACB proposes $20 million non-life insurance subsidiary
Southern lender ACB has unveiled a formal proposal to establish a non-life insurance subsidiary as part of a strategic pivot to evolve into a comprehensive financial services provider by 2030.
