HANOI: Vietnam plans to impose a special consumption tax on petrol, or gasoline, as part of its strategy to fulfil environmental commitments, Finance Minister Nguyen Van Thang said at the National Assembly session on May 9 that focused on the amended draft Law on Special Consumption Tax.
Environmental pollution is on the rise, and without imposing a tax on petrol, it will be difficult to change consumer behavior, the minister said. A special consumption tax on petrol has been in place since 1998.
