Ministry proposes raising environmental tax on petrol
The Ministry of Finance has proposed a rise of environmental protection tax on petrol to the ceiling level of 4,000 VND (17 US cent) per litre from the current 3,000 VND (13 US cent) per litre.
Illustrative image (Source: VNA)
Hanoi (VNA) –The Ministry of Finance has proposed a rise of environmental protection tax on petrolto the ceiling level of 4,000 VND (17 US cent) per litre from the current 3,000VND (13 US cent) per litre.
In a draft resolutionon environmental protection tax list it has sent to the National AssemblyStanding Committee, the ministry also suggested an increase of tax for oilproducts to another ceiling level of 2,000 VND (8 US cent) per litre.
With the raise, Statebudget collection from petrol and oil taxes will reach about over 55 trillionVND (2.42 billion USD), about 14.3 trillion VND higher than the current amount.
Apart from petrol, environmenttaxes for other products such as fossil coal, hydrocloflocacbon (HCFC), andplastic bags will also rise from 1,000 VND-10,000 VND.
Specifically, tax on fossilcoal will be up by 5,000 VND-10,000 VND per tonne, resulting in tax revenue ofabout 2.38 trillion VND each year, an increase of 795 billion VND each year.
Meanwhile, tax onplastic bags will also rise by 10,000 VND each kilo, which means from 40,000VND per kilo at present to 50,000 VND per kilo. Estimated tax revenue from theproduct will be about 67.5 billion VND.
According to theministry, if the proposal is approved, total revenues from environmentalprotection taxes will be about 57.61 trillion VND per year, up about 15.18trillion VND per year.
The ministry explainedthat the environmental tax for oil and petrol products have been applied since2012, helping raise public responsibility and awareness of preserving theenvironment, while encouraging the production and use of green products asVietnam is gradually cutting import taxes following its internationalcommitments.
From 2012-2017, totalcollection from environmental protection taxes were about 150 trillion VND, or25 trillion VND each year.
However, the ministryrecognised the need to adjust the taxes to a more suitable level, as the retailprices of petrol in Vietnam is lower than that in neighbouring countries andsome countries in the ASEAN and Asia.
Currently, Vietnam’spetrol retail price at 19,980 VND (0.87 USD) per litre is lower than that in 120other countries.
At the same time, theministry underlined that research showed that the use of goods that are subject to environmental protectiontax harms the environment. Scientists’ calculation clarified that the tax mustbe much higher in order to fix the harms done by those goods.
A survey of theministry on the proposed environmental tax raise on the online portals of theGovernment and the ministry has received 77 opinions of other sectors andministries, localities, business associations and organisations, of which 47opinions agreed on the necessity of the tax increase.-VNA
VNA
Related News
Experts have called on the Ministry of Finance to be considerate and transparent with their plan to spend the environmental protection tax applied on gasoline, which they have just proposed to double.
When a bill on amendments and supplements to the Law on Environmental Protection Tax is approved by the National Assembly, environmental protection taxes on HCFC (hydro-choloro-flouro-carbon) solution and plastic bags might be raised because these products have critical impacts on the environment, said a finance official.
The National Assembly Standing Committee has not approved the Ministry of Finance’s proposal to almost triple the environmental protection tax on oil and gas consumption, citing potential harm to consumers.
The Ministry of Finance has proposed raising environmental protection taxes on oil and petroleum products from the current 3,000 VND to the ceiling level of 4,000 VND per litre beginning July 1, 2018.
On June 5, 2026, the 38th session of the International Coordinating Council of UNESCO's Man and the Biosphere Programme (MAB-ICC 38) officially designated Vietnam's Phong Nha–Ke Bang National Park as a member of the World Network of Biosphere Reserves (WNBR). The recognition marks another milestone in the country's conservation efforts, bringing its total number of UNESCO-designated World Biosphere Reserves to 12.
The zone will cover the area within Hanoi’s Ring Road 1, encompassing nine wards: Hoan Kiem, Cua Nam, Ba Dinh, Giang Vo, Ngoc Ha, Tay Ho, O Cho Dua, Hai Ba Trung, and Van Mieu – Quoc Tu Giam.
The lesser adjutant is a rare and endangered species classified in Group IB, which includes forest animals given the highest level of protection under Vietnamese law.
Implemented under Plan 628, a joint initiative between the Ministry of Public Security and the Ministry of Agriculture and Environment, the campaign marks a shift towards a more coordinated and long-term approach to protecting wildlife and natural resources.
Maintaining the UNESCO Global Geopark status is expected to further elevate the international profile of Lam Dong’s geological heritage while supporting sustainable tourism and green economic growth linked to the preservation of natural and cultural assets.
All five animals had become separated from their natural environments before being found by local residents.
The first bomb was found beneath the Son River, about 150 metres from a tourist boat pier in Phong Nha commune, after a local homestay owner alerted authorities.
The vision of a strong maritime nation will be reflected in green ports, offshore wind farms, thriving coastal communities, restored mangrove forests, sustainable coastal cities, resilient island outposts and generations of Vietnamese equipped with ocean knowledge and a deep sense of responsibility for the nation’s maritime future.
The chicks were born at Pairi Daiza’s Oasis greenhouse following a carefully monitored breeding and care programme. According to the International Union for Conservation of Nature (IUCN), the Vietnamese pheasant is classified as Critically Endangered and may already be extinct in the wild.
WWF VN said the non-refundable grant worth 23.9 billion VND (908,000 USD) will help provide conservation and protection solutions for the wild elephant community, including by creating safe migratory corridors, improving habitat and reducing conflict between humans and wildlife.
Hoai stressed that protecting the environment is a shared responsibility of authorities, businesses, organisations and citizens, calling on the public to adopt practical measures such as reducing litter, limiting single-use plastics, conserving resources, planting trees and sorting waste at source.
In the appeal, the VFF Central Committee's Presidium noted that environmental protection has been identified by the Party and State as a strategic priority. The 14th National Party Congress highlighted the need to harmonise economic, cultural and social development with environmental protection and improvements in living standards.
The Phuoc Thuan Border Guard Station and competent units in Ho Tram commune, Ho Chi Minh City, on June 4 rescued a rare sea turtle caught in a fishing net and safely released it back into the sea.
The elongated tortoise is one of the most beautiful and rare terrestrial tortoise species, listed in both the Vietnam Red Data Book and the International Union for Conservation of Nature (IUCN) Red List of Threatened Species. It typically inhabits tropical and subtropical forests and plays an important role in maintaining ecological balance. However, due to illegal trade and habitat loss, its wild population has been declining sharply.
The Japan International Cooperation Agency (JICA)-funded technical cooperation project on drainage management for climate resilience in Can Tho aims to improve planning capacity for wastewater collection, enhance operations and management of existing treatment plants, and the city’s ability to run public awareness campaigns.
A series of environmental and marine-related events to held in the central province of Nghe An from June 4-6 will generate a broad social impact, helping transform awareness into action and commitments into concrete results, and contributing to Vietnam’s goals of green growth, circular economy development, net-zero emissions and harmonious coexistence between people and nature.
According to marine experts, the repeated appearance of dolphins near the shore of Cai Chien Island is a positive sign that the local marine environment is well protected.
According to the Department of Forestry and Forest Protection, as of May 12, more than 1,350 communes and wards nationwide were under the highest forest fire warning of Level 5, while 294 others at Level 4.
To support conservation efforts, the national park has invested in a comprehensive system of breeding enclosures, quarantine areas, reproductive research facilities, wastewater treatment systems and surveillance cameras.
The climate resilience and sustainable infrastructure project in Lang Son consists of two main components, focusing on sustainable infrastructure and environmental improvement; and technical assistance and capacity building, with AFD experts expected to train project management officials and local agencies in disaster response and climate adaptation.
Illustrative image (Source: VNA)