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Fuel Import Tax Reduced In Vietnam

by Mary Swire, Tax-News.com, Hong Kong

20 February 2009

Vietnam's Ministry of Finance (MoF) has announced that it is set to cut the import tariffs levied on gasoline and aviation fuel by 5%.

The decrease - which is set to enter into force on February 23 - will see gasoline import tariffs reduced to 20%, whilst the levy on imported aviation fuel will drop to 25%.

This is the third time this year that the government has made alterations to fuel import tariffs.

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