The Standing Committee of Vietnam’s National Assembly approved an extension of the environmental protection tax reduction on gasoline, oil, and lubricants until 31 December 2025.
The decision was made on 11 January 2025, through Resolution 60/2024/UBTVQH15.
Under the resolution, the tax rates will remain at VND 2,000 per litre for gasoline and VND 1,000 per litre for diesel and aviation fuel. These rates are consistent with reductions from previous years.
The extension comes as the original tax cuts were set to expire on 1 January 2025. The move is intended to maintain the current fuel prices and support the economy.