Vietnam extends fuel tax exemptions through September to ease inflation

Vietnam's Ministry of Finance has proposed extending zero‑rate exemptions on the environmental protection tax, value‑added tax and most‑favoured‑nation import duty for petroleum products until 30 September, while reinstating a special consumption tax on petrol at 10 % for mineral petrol, 8 % for E5 biofuel and 7 % for E10 biofuel. The measure aims to balance inflation control with energy security and a modest recovery of state‑budget revenue, projecting only a 0.11‑percentage‑point rise in the consumer‑price index and an average fuel‑price increase of about 5 %.

The proposal coincides with a slight decline in Vietnam's reference exchange rate reported on 26 June and a series of broader economic initiatives, including the addition of two Airbus aircraft to Vietnam Airlines' fleet to meet summer travel demand, a push for expanded industrial and trade cooperation in Can Tho, and an investment promotion event in Hanoi targeting projects in transport, urban development and technology. The government also announced a smart, green logistics roadmap for Khanh Hoa province and efforts to strengthen the collective economy and cooperative sector.

Overall, the extended fuel‑tax relief is part of a coordinated strategy to support domestic markets amid volatile global energy prices and geopolitical risks, while other policies seek to sustain export growth, attract foreign investment and modernise logistics.