Vietnam’s Ministry of Finance announced it will re-evaluate taxes applied to E10 gasoline, specifically the special consumption tax and environmental protection tax. The goal of this review is to lower the price of E10 fuel and incentivize greater public use. Currently, E10 is a blend of gasoline and ethanol. Lowering the cost of E10 is expected to encourage a shift away from traditional gasoline. This move aligns with efforts to promote cleaner fuels and reduce reliance on imported petroleum. The Ministry did not specify the extent of potential tax changes or a timeline for implementation, but indicated a commitment to supporting ethanol consumption. This policy adjustment aims to balance revenue considerations with environmental and economic benefits.
