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Vietnam considering cutting gasoline tax, electricity prices

HANOI: Vietnam is considering cutting its special consumption tax on all gasoline grades to zero from next month and may reduce retail electricity prices to help households and businesses, the government said.

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越南考虑降低汽油税和电价

FILE PHOTO: Motorists ride scooters and motorbikes along a street in Hanoi. Deputy Prime Minister Nguyen Van Thang on Tuesday told the finance ministry to review the legal basis, feasibility and impact of reducing the special consumption tax on gasoline to zero. — AFP

HANOI: Vietnam is considering cutting its special consumption tax on all gasoline grades to zero from next month and may reduce retail electricity prices to help households and businesses, the government said.

Vietnam is facing upward pressure on inflation and risks missing this year's economic growth target of at least 10 per cent.

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