Tax cut proposed to stabilise Vietnam petrol price

The stabilisation of domestic petrol prices will contribute to supporting production, business and economic recovery besides controlling inflation. VNA/VNS

HANOI (Vietnam News/Asia News Network): Calls have been made for tax cuts to stabilise domestic fuel prices as global oil prices see continual increases.

The Ministry of Industry and Trade (MoIT) has proposed the Prime Minister direct the Ministry of Finance to reduce some taxes and fees to stabilise domestic petrol prices, according to Trần Duy Đông, Director of the Ministry of Industry and Trade’s Department of Domestic Market.