Vietnam Cuts Motor Gasoline Import Tax to 10% from 20%: Govt

Vietnam cut the preferential import tax for unleaded motor gasoline to 10% from 20% to help local companies diversify supply, the government says on its website, without providing details on timing.

• NOTE: In April, Vietnam’s finance ministry proposed cutting the tax to 12% from 20%
• Gasoline imports under preferential import taxes do not represent a significant amount of the country’s consumption: govt
• NOTE: Vietnam cut the tax to 10% Aug. 8, state media reports, citing government information
• NOTE: Vietnam Looks To Attack Inflation With Fuel Tax Cuts

To contact the reporter on this story:
Mai Ngoc Chau in Ho ...