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Vietnam plans to reduce environment tax on jet fuel to help airlines

Friday, June 26, 2020, 17:41 GMT+7
Vietnam plans to reduce environment tax on jet fuel to help airlines
A worker pumps fuel into a Vietjet Air A320 aircraft, in front of a Vietnam Airlines aircraft at Tan Son Nhat airport in Vietnam's southern Ho Chi Minh city October 20, 2013. Photo: Reuters

HANOI — Vietnam plans to cut environment tax on jet fuel by 30% to help local airlines weather the impact of the coronavirus pandemic, the Ministry of Finance said on Friday. 

The ministry is seeking government approval to cut the jet fuel tax from VND3,000 ($0.13) per liter to VND2,100. 

“Reducing the environment tax on jet fuel will help the aviation industry to overcome difficulties, giving a boost to trade, tourism and services,” the ministry said in a statement. ($1 = VND23,210)



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