Proposal to reduce Vietnam tax for import petrol

Vietnam
Tuesday, 26 Apr 2022
2:00 PM MYT

Related News

South Korea 20h ago

What Samsung and Vietnam stand to lose in Trump tariff war

Vietnam 23h ago

Vietnam envoy meets Bessent, Lutnick to push trade deal

Vietnam 1d ago

Facing Trump tariffs, Vietnam eyes crackdown on some China trade

The petrol imported under the MFN tariff has accounted for a negligible proportion of the total petrol consumption on the domestic market. — VNA/VNS

HANOI (Vietnam News/Asia News Network): The Ministry of Finance (MoF) has proposed the Government cut the most favoured nation (MFN) tariff for unleaded petrol from the current rate of 20 per cent to 12 per cent.

The Ministry of Finance said that the proposed tariff rate could not significantly reduce domestic petrol prices because Vietnam now mainly imports petrol from Asean and South Korea.

Save 30% and win Bosch appliances! More Info

Monthly Plan

~~RM13.90/month~~
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

~~RM12.33/month~~
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only

Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.

Tags / Keywords: Vietnam , import , petrol , tax , reduction

Is this article useful?

Report a mistake

What is the issue about?

Spelling and grammatical error

Factually incorrect

Story is irrelevant

Email (optional)

Thank you for your report!

Next In Aseanplus News

Songkran 2025: A blend of Thai soft power, creativity and cultural heritage

More Singapore patients to be offered the choice to receive hospital care at home

Three dead, 118 arrested in India protests over Muslim land bill

Egyptian, Indonesian leaders discuss Gaza war, enhancing ties

Parties bank on Asian-Australian candidates at May election Down Under

Melaka to promote local food to global markets

Trump says he will provide more info on chips tariffs on Monday

Australia's Albanese pledges A$10 billion for first-time home buyers as election looms

Surge in child rights abuse

At least 69 killed in storms

Others Also Read

Take a leap forward with the all-new electric Leapmotor C10

STARPICKS

Symbol	Open	High	Low	Last	Chg	%Chg	Vol ('00)
HSI-CWC4	0.070	0.100	0.060	0.080	0.000	0.00	2,036,484
HSI-CWEP	0.090	0.125	0.090	0.105	0.020	23.53	1,860,383
MYEG	0.835	0.915	0.810	0.900	0.065	7.78	923,664
HSI-PWD3	0.060	0.070	0.040	0.050	-0.005	-9.09	699,178
SUMI	0.185	0.205	0.180	0.195	0.005	2.63	624,205
HSI-PWDT	0.140	0.140	0.100	0.110	-0.015	-12.00	357,482
GAMUDA	3.750	3.830	3.680	3.770	-0.080	-2.08	280,225
TOPGLOV	0.890	0.915	0.875	0.905	-0.005	-0.55	277,346
CIMB	6.700	6.760	6.570	6.650	-0.260	-3.76	276,305
HSI-CWC6	0.160	0.225	0.160	0.200	0.015	8.11	271,710
TANCO	0.770	0.785	0.725	0.780	-0.020	-2.50	268,112
HSI-CWEQ	0.110	0.180	0.110	0.145	0.025	20.83	262,552
INARI	1.600	1.710	1.580	1.660	-0.060	-3.49	256,915
GENM	1.520	1.680	1.510	1.670	0.120	7.74	253,714
SUPERMX	0.825	0.870	0.820	0.845	-0.005	-0.59	251,217

Proposal to reduce Vietnam tax for import petrol