gasoline

MoF develops excise tax policy to promote electric vehicle production

17:21 | 13/03/2023 Regulations

VCN - The Ministry of Finance believes that it is necessary to have tax incentives to encourage the production of environmentally friendly cars.

Excise tax on gasoline should not be abolished

14:44 | 23/02/2023 Finance

VCN - The Ministry of Finance said that the collection of green tax on gasoline is in line with the objectives of the excise tax and international practices.

Most ministries agree to reduce the excise tax on gasoline and VAT on petrol and oil

15:43 | 11/10/2022 Finance

Ministry of Finance said that all respondents agreed with the purpose and views of draft Resolution of the National Assembly on reducing excise tax on gasoline and value-added tax on petrol and oil

Deputy Minister of Finance: follow the situation to adjust taxes and reduce gasoline prices

15:49 | 04/08/2022 Finance

VCN - Responding to the press at the Government press conference on the evening of August 3, Deputy Minister of Finance Vo Thanh Hung said that the Ministry has reported to the competent authorities to adjust taxes and fees related to petroleum to remove

Continuing to review to adjust excise tax and VAT on gasoline

17:38 | 20/07/2022 Finance

VCN - The Ministry of Finance will continue reviewing adjustments to the excise tax and value added tax (VAT) on gasoline, and carefully its assess the impact on the state budget.

Why did excise tax on petroleum not adjust?

10:46 | 25/06/2022 Finance

The Ministry of Finance suggested that there will be no immediate adjustment on excise tax for petroleum.

Over 1,000 customs offences handled in May

12:48 | 04/06/2022 Anti-Smuggling

VCN - According to the GDVC, drug trafficking in May was still unpredictable.

Gasoline price insurance: Necessity, but clear regulation

14:06 | 30/04/2022 Import-Export

VCN- The first quarter of 2022 recorded very special fluctuations due to geopolitical factors plus issues around the pandemic. The highest instability is the movement of petroleum prices in the world at a very large amplitude, even up to 5-6% during the d

Finding solutions to adapt to the increasing prices of gasoline and oil

09:35 | 17/03/2022 Import-Export

VCN - Facing rising petrol prices, many enterprises have actively recalculated their production and business plans, accepting a partial reduction in profits in order to maintain market share and income for employees.

Many countries have applied tax reductions on gasoline

12:06 | 12/03/2022 Finance

As world crude oil prices and domestic gasoline prices fluctuated and tended to increase, many countries around the world have implemented solutions to reduce taxes on gasoline.

Reducing the impact of gasoline prices on the price level

08:56 | 21/02/2022 Import-Export

VCN - As forecast by the Ministry of Finance, during the petroleum operating period on February 11, gasoline prices were adjusted up and this is the 3rd consecutive increase since the beginning of 2022.

Gasoline price increase of 10% causes GDP to decrease by 0.5%, CPI to increase by 0.36%

09:43 | 11/11/2021 Headlines

The domestic gasoline price is adjusted to increase for the 4th consecutive time which is inevitable when the rise of the world petroleum market directly affects the retail price of gasoline in the country.

A 10% increase in gasoline prices causes GDP to decrease by 0.5%, CPI to increase by 0.36%

10:32 | 10/11/2021 Import-Export

VCN - On October 26, the domestic gasoline price was adjusted to increase for the fourth time in a row since the beginning of September. This is unavoidable when the global petroleum market is "in a fever", directly affecting Vietnam’s retail gasoline pri

Whether reduction of pig and gasoline prices has positively impacted economic growth or not

20:03 | 03/04/2020 Import-Export

VCN- In Vietnam's logistics costs, transportation costs account for about 60 %. Currently, domestic road transport accounts for more than a 75 % market share.

Ho Chi Minh City: gasoline shipment has been not imported since the beginning of the year

18:45 | 06/05/2019 Import-Export

VCN - Except for imported jet gasoline, from the beginning of 2019 until now, there has not been any gasoline shipments imported through the Ho Chi Minh City border gate.