NA approves cuts to environmental protection taxes

On July 6, at an extra-ordinary meeting, the National Assembly (NA) Standing Committee approved a Resolution on reducing environmental protection taxes on gasoline, oil, and grease. The Resolution will be effective from July 11 to December 31, 2022. In addition to tax reductions, NA Chairman Vuong Dinh Hue also suggested that the government study introducing supportive policies for those directly affected by rising prices.