- Vietnam plans to impose a special consumption tax on petrol to meet environmental commitments
- Finance Minister Nguyen Van Thang discussed this at the National Assembly session on May 9
- Environmental pollution is increasing, and a petrol tax is needed to change consumer behavior
- A special consumption tax on petrol has existed since 1998
- Transitioning to eco-friendly alternatives requires comprehensive policies, including fuel taxation
- Vietnam aims for net-zero emissions by 2050, as pledged at COP26
Source: thestar.com.my
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
