Key Content of the Resolution

According to the newly passed Resolution, the environmental protection tax rate on gasoline, oil, and lubricants in 2025 will be reduced compared to the rate stipulated in Resolution No. 579/2018/UBTVQH14. Specifically:

• Gasoline (excluding ethanol): Reduced from 4,000 VND/liter to 2,000 VND/liter.
• Aviation fuel, diesel, mazut, and lubricants: Reduced from 2,000 VND/liter to 1,000 VND/liter.
• Kerosene: Reduced from 1,000 VND/liter to 600 VND/liter.
• Lubricants: Reduced from 2,000 VND/kg to 1,000 VND/kg.

Reasons for the Decision to Reduce Taxes

The reduction in the environmental protection tax rate on gasoline, oil, and lubricants aims to:

• Curb inflation: Reduce production costs, help stabilize market prices, and limit the increase in inflation.
• Support citizens and businesses: Reduce the economic burden on citizens and businesses, especially manufacturing and transportation businesses.
• Promote production and business: Reducing production costs will create favorable conditions for businesses to produce and operate, contributing to economic growth.

Impact of the Decision

The decision to reduce the environmental protection tax on gasoline, oil, and lubricants is expected to bring about positive impacts such as:

• Reducing product costs: The prices of consumer goods may decrease due to reduced transportation costs.
• Stimulating consumption: People have more income to spend, contributing to stimulating the economy.
• Supporting manufacturing businesses: Reducing production costs helps businesses become more competitive.

Experts’ Opinions

Economic experts highly appreciate the National Assembly’s decision. This is a timely and necessary move to support the economy in overcoming difficulties, while also demonstrating the state’s concern for the lives of citizens and businesses.

Conclusion

The reduction in the environmental protection tax on gasoline, oil, and lubricants is a wise decision by the National Assembly, contributing to stabilizing the macroeconomy, reducing the burden on citizens and businesses. This is also a positive signal showing that the state always cares about the lives of people and is ready to have appropriate solutions to support sustainable economic development.