Vietnam lawmakers approve 50% cut in environment tax on fuel

HANOI, March 23 (Reuters): Vietnam's National Assembly approved this week a plan to cut environment tax on fuel by half starting from April 1 to the end of this year, amid soaring prices and a supply shortage, state media reported.

Environment tax on gasoline, and on diesel fuel and lubricants would be halved to 2,000 dong ($0.09) per litre and 1,000 dong per litre respectively, national radio Voice of Vietnam reported.