Vietnam considers environment tax on oil products

Vietnam’s Finance Ministry has proposed an environment tax on oil products for the first time to reduce consumption as part of efforts to reduce pollution. The ministry said in a draft regulation that gasoline and other oil products would be taxed at 1,000-6,000 dong (US$0.06-US$0.34) per liter. The new rule, if approved by the central government, would be effective from 2012, the ministry said. (November 18, 2009)