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environment protection tax
Update news environment protection tax
Fines to be imposed for not sorting solid waste at source
From August 25, those who do not classify domestic waste at source and don’t use packaging for domestic waste will be fined from VND500,000 to VND1 million.
Vietnamese petroleum imports rise in six-month period
The nation spent US$5 billion on importing 4.8 million m3 of petroleum during the first half of this year, an increase of 18% in volume and up nearly two fold in value compared to the same period from last year.
Petrol price may reach VND30,000 per liter
The crude oil price in the world market has reached a 14-year high and is nearing $140 per barrel. Experts predict the petrol price may rise to $30,000 per liter if there is no price intervention.
VN Environment Ministry proposes tax on plastic bags to reduce usage
The current tax rate on plastic bags is VND50,000 per kilogram, which, according to Deputy Minister of Natural Resources and the Environment Vo Tuan Nhan, is "not high enough".
E5 biofuel, environmentally-friendly plastic bags face sluggish sales
The sales of E5 petrol and environmentally friendly plastic bags remain low.
It’s time for biodegradable plastic bags in Vietnam
The environmental protection tax on plastic bags are expected to increase from VND30,000-50,000 to VND40,000-200,000 per kilo. The new tax rates would help change consumption habits and offer opportunities to biodegradable bag manufacturers.
