Vietnam Industry and Trade News Bulletin for MAY 30, 2018
A. OUTSTANDING GENERAL ECONOMIC NEWS 1. Taxation and Price Management • Fuel Environmental Tax: The Ministry of Finance proposed increasing the environmental tax on gasoline to a ceiling of 4,000 VND/liter. Experts suggest that Vietnam should ensure transparency in tax spending and consider the Singaporean model of taxing specific vehicle types to avoid public backlash. • Price Control and Inflation: Deputy Prime Minister Vuong Dinh Hue affirmed that there will be no electricity price increase…